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DEBT (Tables)
 6 Months Ended
Jan. 31, 2020
Debt Disclosure [Abstract]  
Components of Debt and Reconciliation
The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below:
 
January 31,
2020
 
July 31,
2019
 
(In thousands)
Cerberus term loan
$
372,125

 
$
375,125

7.50% Convertible senior note
14,940

 
14,940

Principal amount of long-term debt
387,065

 
390,065

Unamortized debt discount
(6,678
)
 
(7,508
)
Unamortized debt issuance costs
(753
)
 
(888
)
Carrying amount of long-term debt
$
379,634

 
$
381,669
Summary of Interest Expense
 
Three Months Ended January 31, 2020
 
Six Months Ended January 31, 2020
 
(In thousands)
Interest expense related to contractual interest coupon
$
280

 
$
560

Interest expense related to accretion of the discount
421

 
830

 
$
701

 
$
1,390
Schedule of Debt
The following table reflects the components of the Term Loan:

 
January 31,
2020
 
July 31,
2019
 
(In thousands)
Principal amount outstanding on the Term Loan
$
372,125

 
$
375,125

Unamortized debt issuance costs
(753
)
 
(888
)
Net carrying value of the Term Loan
$
371,372

 
$
374,237
Net Carrying Value of SPG Note
As of January 31, 2020 and July 31, 2019, the net carrying value of the SPHG Note was $8.3 million and $7.4 million, respectively.

 
January 31,
2020
 
July 31,
2019
 
(In thousands)
Carrying amount of equity component
$
8,200

 
$
8,200

 
 
 
 
Principal amount of note
$
14,940

 
$
14,940

Unamortized debt discount
(6,678
)
 
(7,508
)
Net carrying amount
$
8,262

 
$
7,432