DEBT (Tables)

6 Months Ended

Jan. 31, 2023

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:

	January 31, 2023		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)	(2,892)		(3,972)
Total debt, net	$	12,048	$	10,968

(a)Amounts include deferred debt issuance costs related to credit facilities of $56 thousand and $79 thousand as of January 31, 2023 and July 31, 2022, respectively, which are presented in Prepaid expenses and other current assets and Other assets.

Net carrying value of SPG note

The following tables reflect the components of the SPHG Note:

	January 31, 2023		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	(2,836)		(3,893)
Net carrying amount	$	12,104	$	11,047

	Three months ended January 31,				Six months ended January 31,
	2023		2022		2023		2022
	(In thousands)
Interest expense related to contractual interest coupon	$	286	$	286	$	573	$	572
Interest expense related to accretion of the discount	547		414		1,056		800
Interest expense related to revolving credit facilities (see below)	12		34		24		69
Other	3		16		21		71
Total interest expense	$	848	$	750	$	1,674	$	1,512

See Note 18 – “Subsequent Events” for additional information regarding the SPHG Note.