SEGMENT INFORMATION

9 Months Ended

Apr. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATIONSubsequent 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 April 30,				Nine Months Ended April 30,
	2023		2022		2023		2022
	(In thousands)
Net revenue:
Supply Chain	$	46,142	$	51,548	148,283		150,223
Total segment net revenue	46,142		51,548		$	148,283	$	150,223
Operating income:
Supply Chain	5,249		1,548		16,488		5,894
Total segment operating income	5,249		1,548		16,488		5,894
Corporate-level activity	(4,944)		(1,517)		(9,699)		(5,242)
Total operating income	305		31		6,789		652
Total other income (expense), net	3,575		1,306		2,301		(745)
Income (loss) before income taxes	$	3,880	$	1,337	$	9,090	$	(93)

	April 30, 2023		July 31, 2022
	(In thousands)
Total assets:
Supply Chain	$	115,682	$	101,637
Corporate	35,258		36,112
Total assets	$	150,940	$	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 April 30,				Nine Months Ended April 30,
	2023		2022		2023		2022
	(In thousands)
Capital expenditures	$	445	$	316	$	1,311	$	1,142
Depreciation expense	503		523		1,427		1,698

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2023		2022		2023		2022
	(In thousands)
Mainland China	13,852		17,858		48,049		53,248
United States	12,917		13,183		38,262		37,336
Czech	6,202		5,004		19,497		11,761
Singapore	4,872		6,180		15,149		18,056
Netherlands	4,705		4,739		14,940		14,655
Other	3,594		4,584		12,386		15,167
	$	46,142	$	51,548	$	148,283	$	150,223