DEBT (Tables)

12 Months Ended

Jul. 31, 2022

Debt Disclosure [Abstract]

Summary of Components of Debt and Reconciliation to Carrying Amount

The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below:

	July 31,
	2022		2021
	(In thousands)
Unsecured
7.50% Convertible Senior Note due March 1, 2024	$	14,940	$	14,940
Credit Facilities
Umpqua Revolver	—		—
Less: unamortized discounts and issuance costs(a)	(3,972)		(5,793)
Total debt, net	$	10,968	$	9,147

(a) Amounts include deferred debt issuance costs related to credit facilities of $79 thousand and $196 thousand as of July 31, 2022 and July 31, 2021, respectively, which are presented in Other Assets.

Summary of Debt

The following tables reflect the components of the SPHG Note:

	July 31,
	2022		2021
	(In thousands)
Carrying amount of equity component	$	8,200	$	8,200
Principal amount of note	$	14,940	$	14,940
Unamortized debt discount	(3,893)		(5,597)
Net carrying amount	$	11,047	$	9,343

Summary of Interest Expense Related to Convertible Notes

During the fiscal years ended July 31, 2022 and 2021, the Company recognized interest expense associated with the SPHG Note as follows:

	Fiscal Year Ended July 31,
	2022		2021
	(In thousands)
Interest expense related to contractual interest coupon	$	1,136	$	1,136
Interest expense related to accretion of the discount	1,704		1,290
	$	2,840	$	2,426