REVENUE RECOGNITION

12 Months Ended

Jul. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Disaggregation of Revenue

The following table presents the Company's revenues from customers with contracts disaggregated by major good or service line and timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue with the reportable segments.

	Successor		Predecessor
	May 1 to July 31,		August 1, 2022 to April 30,		Fiscal Year Ended July 31,
	2023		2023		2022
	(In thousands)
Service Lines
Supply chain management services	$	40,467	$	147,185	$	201,344
Other	337		1,098		1,928
	$	40,804	$	148,283	$	203,272
Timing of Revenue Recognition
Services transferred over time	$	40,804	$	148,283	$	203,272
	$	40,804	$	148,283	$	203,272

The table below presents information for the Company's contract balances:

	Successor		Predecessor
	July 31, 2023		July 31, 2022		August 1, 2021
	(In thousands)
Accounts receivable, trade, net	$	28,616	$	40,083	$	36,547
Contract assets	439		369		627
Deferred revenue - current	$	2,574	$	2,705	$	2,212
Deferred revenue - long-term	144		134		108
Total deferred revenue	$	2,718	$	2,839	$	2,320

Remaining Performance Obligations

Remaining performance obligations are comprised of deferred revenue. Changes in deferred revenue during the fiscal years ended July 31, 2023 and 2022 were as follows:

	Successor		Predecessor
	May 1 to July 31,		August 1, 2022 to April 30,		Fiscal Year Ended July 31,
	2023		2023		2022
	(In thousands)
Balance at beginning of period	$	3,073	$	2,839	$	2,320
Deferral of revenue	245		1,595		2,368
Recognition of deferred amounts upon satisfaction of performance obligation	(600)		(1,361)		(1,849)
Balance at end of period	$	2,718	$	3,073	$	2,839

The Company expects to recognize approximately $2.6 million of the deferred revenue over the next twelve months and the remaining $0.1 million beyond that time period.