DEBT (Tables)

12 Months Ended

Jul. 31, 2020

Debt Disclosure [Abstract]

Summary of Components of Debt and Reconciliation to Carrying Amount

The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below:

	July 31, 2020			July 31, 2019
	(In thousands)
Secured
Cerberus Term Loan due December 15, 2022	$	371,972		$	375,125
Unsecured
7.50% Convertible Senior Note due March 1, 2024	14,940			14,940
Credit Facilities
Cerberus Bank Credit Facility	—			6,000
MidCap Credit Facility	—			—
Less: unamortized discounts and issuance costs	(7,863		)	(8,396		)
Total debt, net	379,049			387,669
Less: current portion of debt, net	(5,527		)	(5,732		)
Total long-term debt, net	$	373,522		$	381,937

Summary of Debt

The table below presents the net carrying value of the SPHG Note:

	July 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	(6,886		)	(7,508		)
Net carrying amount	$	8,054		$	7,432

	July 31, 2020			July 31, 2019
	(In thousands)
Principal amount outstanding on the Term Loan	$	371,972		$	375,125
Unamortized debt issuance costs	(977		)	(888		)
Net carrying value of the Term Loan	$	370,995		$	374,237

Summary of Interest Expense Related to Convertible Notes

During the fiscal years ended July 31, 2020 and 2019, the Company recognized interest expense associated with the SPHG Note as follows:

	Fiscal Year Ended July 31,
	2020		2019
	(In thousands)
Interest expense related to contractual interest coupon	$	1,142	$	473
Interest expense related to accretion of the discount	622		692
	$	1,764	$	1,165

	Fiscal Year Ended July 31, 2019
	(In thousands)
Interest expense related to contractual interest coupon	$	1,932
Interest expense related to accretion of the discount	2,741
Interest expense related to debt issuance costs	243
	$	4,916