SEGMENT INFORMATION

9 Months Ended

Apr. 30, 2020

The Company has two operating segments: Direct Marketing and Supply Chain. The Company determined that its two reportable segments are the same as its operating segments. The Company also has Corporate-level activity, which consists primarily of costs associated with certain corporate administrative functions such as legal, finance, share-based compensation and acquisition costs which are not allocated to the Company's reportable segments. The Corporate-level balance sheet information includes cash and cash equivalents, debt and other assets and liabilities which are not identifiable to the operations of the Company's operating segments. All significant intra-segment amounts have been eliminated. Management evaluates segment performance based on segment net revenue and operating income (loss).

Summarized financial information by operating segment is as follows:



	Three Months Ended April 30,						Nine Months Ended April 30,
	2020			2019			2020			2019
	(In thousands)
Net revenue:
Direct Marketing	$	98,284		$	116,006		$	354,404		$	362,547
Supply Chain	79,067			77,997			263,552			252,812
	$	177,351		$	194,003		$	617,956		$	615,359
Operating income (loss):
Direct Marketing	$	(3,041	)	$	5,308		$	12,379		$	16,770
Supply Chain	6,535			(716		)	18,808			825
Total segment operating income	3,494			4,592			31,187			17,595
Corporate-level activity	(2,427		)	(2,435		)	(8,205		)	(9,776		)
Total operating income	1,067			2,157			22,982			7,819
Total other expense	(5,741		)	(10,386		)	(23,878		)	(32,650		)
Loss before income taxes	$	(4,674	)	$	(8,229	)	$	(896	)	$	(24,831	)



	April 30, 2020		July 31, 2019
	(In thousands)
Total assets:
Direct Marketing	$	615,579	$	600,390
Supply Chain	134,718		112,712
Sub-total—segment assets	750,297		713,102
Corporate	34,369		18,461
	$	784,666	$	731,563

Summarized financial information of the Company's net revenue from external customers by group of services is as follows:



	Three Months Ended April 30,				Nine Months Ended April 30,
	2020		2019		2020		2019
	(In thousands)
Products:
Direct Marketing	$	98,284	$	116,006	$	354,404	$	362,547
Services:
Supply Chain	79,067		77,997		263,552		252,812
	$	177,351	$	194,003	$	617,956	$	615,359

Summarized financial information of the Company's net revenue by geographic location is as follows:



	Three Months Ended April 30,				Nine Months Ended April 30,
	2020		2019		2020		2019
	(In thousands)
United States	$	117,315	$	133,790	$	417,028	$	416,228
China	28,100		32,257		99,898		106,762
Netherlands	9,467		11,534		31,185		40,881
Other	22,469		16,422		69,845		51,488
	$	177,351	$	194,003	$	617,956	$	615,359