DEBT (Tables)

3 Months Ended

Oct. 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:

	October 31, 2022		July 31, 2022
	(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)	(3,450)		(3,972)
Total debt, net	$	11,490	$	10,968

(a)Amounts include deferred debt issuance costs related to credit facilities of $67 thousand and $79 thousand as of October 31, 2022 and July 31, 2022, respectively, which are presented in Other Assets.

Net carrying value of SPG note

The following tables reflect the components of the SPHG Note:

	October 31, 2022		July 31, 2022
	(In thousands)
Carrying amount of equity component	$	8,200	$	8,200
Principal amount of note	$	14,940	$	14,940
Unamortized debt discount	(3,383)		(3,893)
Net carrying amount	$	11,557	$	11,047
	Three Months Ended October 31,
	2022		2021
	(In thousands)
Interest expense related to contractual interest coupon	$	286	$	286
Interest expense related to accretion of the discount	510		386
Interest expense related to revolving credit facilities (see below)	30		89
	$	826	$	761