SEGMENT INFORMATION

3 Months Ended

Oct. 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 allocated 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:

	Three Months Ended October 31,
	2022		2021
	(In thousands)
Net revenue:
Supply Chain	$	51,359	$	44,354
Total segment net revenue	51,359		44,354
Operating income:
Supply Chain	5,851		1,973
Total segment operating income	5,851		1,973
Corporate-level activity	(1,972)		(1,402)
Total operating (loss) income	3,879		571
Total other income (expense), net	2,204		(1,239)
Income (loss) before income taxes	$	6,083	$	(668)

	October 31, 2022		July 31, 2022
	(In thousands)
Total assets:
Supply Chain	$	105,849	$	101,637
Corporate	32,085		36,112
Total assets	$	137,934	$	137,749

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

	Three Months Ended October 31,
	2022		2021
	(In thousands)
Capital expenditures	$	548	$	363
Depreciation expense	459		630

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

	Three Months Ended October 31,
	2022		2021
	(In thousands)
China	$	17,965	$	15,966
United States	12,172		10,446
Czech	5,760		2,767
Netherlands	5,351		5,649
Singapore	5,132		5,164
Other	4,979		4,362
	$	51,359	$	44,354