DEBT (Tables)

9 Months Ended

Apr. 30, 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:

	April 30, 2021		July 31, 2020
	(In thousands)
Secured
Cerberus Term Loan due December 15, 2022	$	365,829	$	371,972
Unsecured
7.50% Convertible Senior Note due March 1, 2024	14,940		14,940
Credit Facilities
Cerberus Revolving Facility	—		—
MidCap Credit Facility	—		—
Less: unamortized discounts and issuance costs	(6,569)		(7,863)
Total debt, net	374,200		379,049
Less: current portion of debt, net	(5,612)		(5,527)
Total long-term debt, net	$	368,588	$	373,522

Net carrying value of SPG note

The following tables reflect the components of the SPHG Note:

					April 30, 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					(5,956)		(6,886)
Net carrying amount					$	8,984	$	8,054
	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
	(In thousands)
Interest expense related to contractual interest coupon	$	277	$	280	$	850	$	840
Interest expense related to accretion of the discount	325		410		930		1,240
	$	602	$	690	$	1,780	$	2,080