SEGMENT INFORMATION

6 Months Ended

Jan. 31, 2023

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 January 31,				Six Months Ended January 31,
	2023		2022		2023		2022
	(In thousands)
Net revenue:
Supply Chain	$	50,781	$	54,322	102,140		98,676
Total segment net revenue	50,781		54,322		$	102,140	$	98,676
Operating income:
Supply Chain	5,388		2,374		11,238		4,347
Total segment operating income	5,388		2,374		11,238		4,347
Corporate-level activity	(2,785)		(2,323)		(4,756)		(3,725)
Total operating income	2,603		51		6,482		622
Total other expense, net	(3,475)		(814)		(1,272)		(2,053)
(Loss) income before income taxes	$	(872)	$	(763)	$	5,210	$	(1,431)

	January 31, 2023		July 31, 2022
	(In thousands)
Total assets:
Supply Chain	$	126,913	$	101,637
Corporate	29,199		36,112
Total assets	$	156,112	$	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 January 31,				Six Months Ended January 31,
	2023		2022		2023		2022
	(In thousands)
Capital expenditures	$	318	$	463	$	866	$	826
Depreciation expense	465		545		924		1,175

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

	Three Months Ended January 31,				Six Months Ended January 31,
	2023		2022		2023		2022
	(In thousands)
Mainland China	$	16,231	$	19,424	$	34,196	$	35,390
United States	13,173		13,707		25,345		$	24,153
Czech	7,535		3,990		13,295		6,757
Singapore	5,102		4,752		10,234		9,916
Netherlands	4,926		6,227		10,277		11,876
Other	3,814		6,222		8,793		10,584
	$	50,781	$	54,322	$	102,140	$	98,676