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DEBT (Tables)
3 Months Ended
Oct. 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:
October 31,
2020
July 31,
2020
(In thousands)
Secured
Cerberus Term Loan due December 15, 2022$370,472 $371,972 
Unsecured
7.50% Convertible Senior Note due March 1, 202414,940 14,940 
Credit Facilities
Cerberus Bank Credit Facility— — 
MidCap Credit Facility— — 
Less: unamortized discounts and issuance costs(7,457)(7,863)
Total debt, net377,955 379,049 
Less: current portion of debt, net(5,572)(5,527)
Total long-term debt, net$372,383 $373,522 
Net carrying value of SPG note The following tables reflect the components of the SPHG Note:
October 31,
2020
July 31,
2020
(In thousands)
Carrying amount of equity component $8,200 $8,200 
Principal amount of note$14,940 $14,940 
Unamortized debt discount(6,594)(6,886)
Net carrying amount$8,346 $8,054 
Three Months Ended October 31, 2020Three Months Ended October 31, 2019
(In thousands)
Interest expense related to contractual interest coupon$286 $280 
Interest expense related to accretion of the discount292 409 
$578 $689