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DEBT (Tables)
6 Months Ended
Jan. 31, 2021
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:
January 31,
2021
July 31,
2020
(In thousands)
Secured
Cerberus Term Loan due December 15, 2022$368,972 $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(7,033)(7,863)
Total debt, net376,879 379,049 
Less: current portion of debt, net(5,582)(5,527)
Total long-term debt, net$371,297 $373,522 
Net carrying value of SPG note The following tables reflect the components of the SPHG Note:
January 31,
2021
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(6,281)(6,886)
Net carrying amount$8,659 $8,054 
Three Months Ended
January 31,
Six Months Ended
January 31,
2021202020212020
(In thousands)
Interest expense related to contractual interest coupon$287 $280 $573 $560 
Interest expense related to accretion of the discount313 421 605 830 
$600 $701 $1,178 $1,390