SEGMENT INFORMATION

6 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company has two operating segments which are the same as its reportable segments: Direct Marketing and Supply Chain. The Company also has Corporate-level activity, which consists primarily of costs associated with certain corporate administrative functions such as legal, finance and share-based compensation, 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 January 31,				Six Months Ended January 31,
	2021		2020		2021		2020
	(In thousands)
Net revenue:
Direct Marketing	$	91,155	$	123,117	$	196,863	$	256,120
Supply Chain	64,892		92,335		129,118		184,485
	$	156,047	$	215,452	$	325,981	$	440,605
Operating income:
Direct Marketing	$	5,769	$	4,217	$	10,706	$	15,420
Supply Chain	4,957		5,763		10,108		12,273
Total segment operating income	10,726		9,980		20,814		27,693
Corporate-level activity	(2,045)		(2,807)		(5,058)		(5,778)
Total operating income	8,681		7,173		15,756		21,915
Total other expense	(9,986)		(9,542)		(19,808)		(18,137)
(Loss) income before income taxes	$	(1,305)	$	(2,369)	$	(4,052)	$	3,778

	January 31, 2021		July 31, 2020
	(In thousands)
Total assets:
Direct Marketing	$	568,424	$	584,477
Supply Chain	112,476		169,490
Sub-total—segment assets	680,900		753,967
Corporate	44,996		5,205
	$	725,896	$	759,172

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

	Three Months Ended January 31,				Six Months Ended January 31,
	2021		2020		2021		2020
	(In thousands)
Products:
Direct Marketing	$	91,155	$	123,117	$	196,863	$	256,120
Services:
Supply Chain	64,892		92,335		129,118		184,485
	$	156,047	$	215,452	$	325,981	$	440,605

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

	Three Months Ended January 31,				Six Months Ended January 31,
	2021		2020		2021		2020
	(In thousands)
United States	$	108,280	$	145,293	$	229,763	$	299,714
China	22,409		32,569		42,049		72,026
Netherlands	5,387		11,071		13,182		21,719
Other	19,971		26,519		40,987		47,146
	$	156,047	$	215,452	$	325,981	$	440,605