SEGMENT INFORMATION

12 Months Ended

Jul. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Subsequent to the Company’s disposition of the Direct Marketing reportable segment in the IWCO Direct Disposal, the Company has one reportable segment: 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 segment. 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 segment. All significant intra-segment amounts have been eliminated. Management evaluates segment performance based on segment net revenue and operating income (loss).

Management evaluates segment performance based on segment net revenue, operating income (loss) and "adjusted operating income (loss)," which is defined as the operating income (loss) excluding net charges related to depreciation, amortization of long-lived asset impairment, share-based compensation and restructuring. These items are excluded because they may be considered to be of a non-operational or non-cash nature. Historically, the Company has recorded significant impairment and restructuring charges, and therefore management uses adjusted operating income (loss) to assist in evaluating the performance of the Company's core operations.

Summarized financial information of the Company's continuing operations by operating segment is as follows:

	Fiscal Year Ended July 31,
	2022		2021
	(In thousands)
Net revenue:
Supply Chain	$	203,272	$	226,256
Total segment net revenue	$	203,272	$	226,256
Operating income:
Supply Chain	11,318		6,827
Total segment operating income	11,318		6,827
Corporate-level activity	(10,155)		(8,397)
Total operating income (loss)	1,163		(1,570)
Total other income (expense)	969		(1,428)
Income (loss) before income taxes	$	2,132	$	(2,998)

	July 31,
	2022		2021
	(In thousands)
Total assets:
Supply Chain	$	101,637	$	101,160
Corporate	36,112		44,278
Total assets	$	137,749	$	145,438

Summarized financial information of the Company's capital expenditures and depreciation expense for the Supply Chain reportable segment is as follows:

	Fiscal Year Ended July 31,
	2022		2021
	(In thousands)
Capital expenditures	$	1,485	$	1,218
Depreciation expense	2,220		3,403

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

	Fiscal Year Ended July 31,
	2022		2021
	(In thousands)
United States	$	50,426	$	60,743
Mainland China	72,210		71,307
Netherlands	24,483		25,384
Other	56,153		68,822
Total consolidated net revenue	$	203,272	$	226,256