SEGMENT INFORMATION

9 Months Ended

Apr. 30, 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 April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
	(In thousands)
Net revenue:
Direct Marketing	$	102,351	$	98,284	$	299,214	$	354,404
Supply Chain	49,434		79,067		178,552		263,552
	$	151,785	$	177,351	$	477,766	$	617,956
Operating (loss) income:
Direct Marketing	$	(16,484)	$	(3,041)	$	(5,778)	$	12,379
Supply Chain	(534)		6,535		9,574		18,808
Total segment operating (loss) income	(17,018)		3,494		3,796		31,187
Corporate-level activity	(1,980)		(2,427)		(7,038)		(8,205)
Total operating (loss) income	(18,998)		1,067		(3,242)		22,982
Total other expense	(7,611)		(5,741)		(27,419)		(23,878)
Loss before income taxes	$	(26,609)	$	(4,674)	$	(30,661)	$	(896)

	April 30, 2021		July 31, 2020
	(In thousands)
Total assets:
Direct Marketing	$	544,725	$	584,477
Supply Chain	105,605		169,490
Sub-total—segment assets	650,330		753,967
Corporate	43,525		5,205
	$	693,855	$	759,172

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
	(In thousands)
Products:
Direct Marketing	$	102,351	$	98,284	$	299,214	$	354,404
Services:
Supply Chain	49,434		79,067		178,552		263,552
	$	151,785	$	177,351	$	477,766	$	617,956

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
	(In thousands)
United States	$	115,646	$	117,315	$	345,409	$	417,028
China	15,220		28,100		57,269		99,898
Netherlands	6,149		9,467		19,331		31,185
Other	14,770		22,469		55,757		69,845
	$	151,785	$	177,351	$	477,766	$	617,956