XML 37 R30.htm IDEA: XBRL DOCUMENT v3.20.1
DEBT (Tables)
 9 Months Ended
Apr. 30, 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:
 
April 30,
2020
 
July 31,
2019
 
(In thousands)
Cerberus term loan
$
372,049

 
$
375,125

7.50% Convertible senior note
14,940

 
14,940

Principal amount of long-term debt
386,989

 
390,065

Unamortized debt discount
(6,268
)
 
(7,508
)
Unamortized debt issuance costs
(1,094
)
 
(888
)
Carrying amount of long-term debt
$
379,627

 
$
381,669
Schedule of Debt
The following table reflects the components of the Term Loan:
 
April 30,
2020
 
July 31,
2019
 
(In thousands)
Principal amount outstanding on the Term Loan
$
372,049

 
$
375,125

Unamortized debt issuance costs
(1,094
)
 
(888
)
Net carrying value of the Term Loan
$
370,955

 
$
374,237
Net Carrying Value of SPG Note
As of April 30, 2020 and July 31, 2019, the net carrying value of the SPHG Note was $8.7 million and $7.4 million, respectively.
 
April 30,
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
(6,268
)
 
(7,508
)
Net carrying amount
$
8,672

 
$
7,432
Summary of Interest Expense
 
Three Months Ended April 30, 2020
 
Nine Months Ended April 30, 2020
 
(In thousands)
Interest expense related to contractual interest coupon
$
280

 
$
840

Interest expense related to accretion of the discount
410

 
1,240

 
$
690

 
$
2,080