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DEBT (Tables)
3 Months Ended
Oct. 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:
October 31,
2021
July 31,
2021
(In thousands)
Secured
Cerberus Term Loan due December 15, 2022$362,830 $364,330 
Unsecured
7.50% Convertible Senior Note due March 1, 202414,940 14,940 
Credit Facilities
Cerberus Revolving Facility— — 
MidCap Credit Facility— — 
Less: unamortized discounts and issuance costs(5,647)(6,136)
Total debt, net372,123 373,134 
Less: current portion of debt, net(5,611)(5,602)
Total long-term debt, net$366,512 $367,532 
Net carrying value of SPG note The following tables reflect the components of the SPHG Note:
October 31,
2021
July 31,
2021
(In thousands)
Carrying amount of equity component $8,200 $8,200 
Principal amount of note$14,940 $14,940 
Unamortized debt discount(5,211)(5,597)
Net carrying amount$9,729 $9,343 
Three Months Ended
October 31,
20212020
(In thousands)
Interest expense related to contractual interest coupon$286 $286 
Interest expense related to accretion of the discount386 292 
$672 $578