SEGMENT INFORMATION

12 Months Ended

Jul. 31, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Subsequent 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 identifiable 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:

	Successor		Predecessor
	May 1 to July 31,		August 1, 2022 to April 30,		Fiscal Year Ended July 31,
	2023		2023		2022
	(In thousands)
Net revenue:
Supply Chain	$	40,804	$	148,283	$	203,272
Total segment net revenue	$	40,804	$	148,283	$	203,272
Operating income:
Supply Chain	3,328		16,488		11,318
Total segment operating income	3,328		16,488		11,318
Corporate-level activity	(1,707)		(9,699)		(10,155)
Total operating (loss) income	1,621		6,789		1,163
Total other income	6,130		2,301		969
Income before income taxes	$	7,751	$	9,090	$	2,132

	Successor		Predecessor
	July 31, 2023		July 31, 2022
	(In thousands)
Total assets:
Supply Chain	$	146,614	$	101,637
Corporate	264,567		36,112
Total assets	$	411,181	$	137,749

Summarized financial information of the Company's capital expenditures and depreciation expense for the Supply Chain reportable segment is 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)
Capital expenditures	$	807	$	1,311	$	1,485
Depreciation expense	456		1,427		2,220

Summarized financial information of the Company's net revenue by geographic location is 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)
Mainland China	$	14,649	$	48,049	$	72,210
United States	8,800		38,262		50,426
Netherlands	5,774		15,149		24,483
Singapore	4,448		14,940		19,903
Czech	3,336		19,497		16,342
Other	3,797		12,386		19,908
Total consolidated net revenue	$	40,804	$	148,283	$	203,272