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DEBT (Tables)
6 Months Ended
Jan. 31, 2022
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,
2022
July 31,
2021
(In thousands)
Secured
Cerberus Term Loan due December 15, 2022$361,330 $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(5,131)(6,136)
Total debt, net371,139 373,134 
Less: current portion of debt, net(360,996)(5,602)
Total long-term debt, net$10,143 $367,532 
Net carrying value of SPG note The following tables reflect the components of the SPHG Note:
January 31,
2022
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(4,797)(5,597)
Net carrying amount$10,143 $9,343 
Three Months Ended
January 31,
Six Months Ended
January 31,
2022202120222021
(In thousands)
Interest expense related to contractual interest coupon$286 $287 $572 $573 
Interest expense related to accretion of the discount414 313 800 605 
$700 $600 $1,372 $1,178