SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2023

Accounting Policies [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

The allowance for expected credit losses consisted of the following:

	Successor		Predecessor
	May 1 to July 31, 2023		August 1, 2022 to April 30, 2023		July 31, 2022
	(In thousands)
Balance at beginning of period	$	1,180	$	44	$	49
Application of pushdown accounting(a)	(1,180)		—		—
Provisions charged to expense	219		1,136		—
Accounts written off	—		—
Recovered	—		—		(5)
Balance at end of period	$	219	$	1,180	$	44

(a) As part of pushdown accounting, the allowance for expected credit losses balance was eliminated to establish the new cost basis in the Company's accounts receivables as of May 1, 2023.

Cash and Cash Equivalents

Cash and cash equivalents consisted of the following:

	Successor		Predecessor
	July 31, 2023		July 31, 2022
	(In thousands)
Cash and bank deposits	$	90,282	$	21,386
Money market funds	31,090		31,756
	$	121,372	$	53,142

The amount of cash, cash equivalents and restricted cash as of July 31, 2023 and 2022 in the consolidated statements of cash flows is reconciled to the Company's consolidated balance sheets as follows:

	Successor		Predecessor
	July 31, 2023		July 31, 2022
	(In thousands)
Cash and cash equivalents	$	121,372	$	53,142
Funds held for clients	2,031		4,903
Cash, cash equivalents and restricted cash	$	123,403	$	58,045

Estimated Useful Lives of Property and Equipment

The estimated useful lives are as follows:

Category	Useful Lives
Machinery and equipment	5 years
Leasehold improvements	Shorter of the lease term or the estimated useful life of the asset
Software	5 years
Computer hardware	3 years
Other	5 years