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PROPERTY AND EQUIPMENT
 12 Months Ended
Jul. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment at cost, consists of the following:
SuccessorPredecessor
July 31, 2023July 31, 2022
(In thousands)
Machinery and equipment1,388 12,632 
Leasehold improvements606 9,994 
Software1,133 34,161 
Computer hardware400 5,317 
Other627 2,475 
4,154 64,579 
Less: accumulated depreciation and amortization(456)(61,045)
Property and equipment, net$3,698 $3,534 

As part of pushdown accounting, the accumulated depreciation of property and equipment balances were eliminated to establish the new cost basis in the Company’s property and equipment as of May 1, 2023.