SEGMENT INFORMATION

6 Months Ended

Jan. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company had two operating segments which are the same as its reportable segments: Direct Marketing and Supply Chain. See Note 1 for details regarding the disposition of Direct Marketing segment. 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,
	2022		2021		2022		2021
	(In thousands)
Net revenue:
Direct Marketing	$	66,316	$	91,155	$	147,375	$	196,863
Supply Chain	54,322		64,892		98,676		129,118
	$	120,638	$	156,047	$	246,051	$	325,981
Operating (loss) income:
Direct Marketing	$	(14,262)	$	5,769	$	(25,740)	$	10,706
Supply Chain	2,374		4,957		4,347		10,108
Total segment operating (loss) income	(11,888)		10,726		(21,393)		20,814
Corporate-level activity	(2,323)		(2,045)		(3,725)		(5,058)
Total operating (loss) income	(14,211)		8,681		(25,118)		15,756
Total other expense, net	(8,043)		(9,986)		(16,315)		(19,808)
Loss before income taxes	$	(22,254)	$	(1,305)	$	(41,433)	$	(4,052)

	January 31, 2022		July 31, 2021
	(In thousands)
Total assets:
Direct Marketing	$	476,374	$	530,944
Supply Chain	102,748		101,159
Sub-total—segment assets	579,122		632,103
Corporate	43,562		44,278
	$	622,684	$	676,381

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,
	2022		2021		2022		2021
	(In thousands)
Products:
Direct Marketing	$	66,316	$	91,155	$	147,375	$	196,863
Services:
Supply Chain	54,322		64,892		98,676		129,118
	$	120,638	$	156,047	$	246,051	$	325,981

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,
	2022		2021		2022		2021
	(In thousands)
United States	$	80,022	$	108,280	$	171,528	$	229,763
China	19,423		22,409		35,389		42,049
Netherlands	6,227		5,387		11,876		13,182
Other	14,966		19,971		27,258		40,987
	$	120,638	$	156,047	$	246,051	$	325,981