EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Apr. 30, 2023

Schedule of reconciliation of (loss) earnings per share

The following table reconciles net earnings (loss) per share for the three and nine months ended April 30, 2023 and 2022:


	Three Months Ended April 30,				Nine Months Ended April 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Reconciliation of net income (loss) to net income (loss) attributable to common stockholders after assumed conversions:
Net income (loss) from continuing operations	$	3,029	$	(9,695)	$	7,460	$	(12,163)
Income (loss) from discontinued operations	—		39,895		—		(108)
Net income (loss)	3,029		30,200		7,460		(12,271)
Less: Preferred dividends on redeemable preferred stock	(519)		(537)		(1,593)		(1,611)
Net income (loss) attributable to common stockholders	$	2,510	$	29,663	$	5,867	$	(13,882)

Effect of dilutive securities:

Dividends on preferred stock	519		—		1,593		—
Net income (loss) attributable to common stockholders - assuming dilution	$	3,029	$	29,663	$	7,460	$	(13,882)

Net income (loss) per common share - basic
Net income (loss) from continuing operations	$	0.04	$	(0.17)	$	0.10	$	(0.23)
Net income from discontinued operations	—		0.67		—		—
Net income (loss) attributable to common stockholders	$	0.04	$	0.50	$	0.10	$	(0.23)

Net income (loss) per common share - diluted
Net income (loss) from continuing operations	$	0.04	$	(0.17)	$	0.09	$	(0.23)
Net income from discontinued operations	—		0.67		—		—
Net income (loss) attributable to common stockholders	$	0.04	$	0.50	$	0.09	$	(0.23)

Weighted average common shares outstanding - basic	60,305		59,853		60,186		59,961
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares	533		—		516		—

Common stock equivalents - Preferred stock	17,857		—		17,857		—
Weighted average common shares outstanding - diluted	78,695		59,853		78,559		59,961