DEBT (Tables)

12 Months Ended

Jul. 31, 2023

Debt Disclosure [Abstract]

Summary of Components of Debt and Reconciliation to Carrying Amount

The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below:

	Successor		Predecessor
	July 31, 2023		July 31, 2022
	(In thousands)
Unsecured
7.50% Convertible Senior Note due September 1, 2024	$	12,461	$	14,940
Credit Facilities
Umpqua Revolver	—		—
Less: unamortized discounts and issuance costs(a)(b)	—		(3,972)
Total debt, net	$	12,461	$	10,968

(a) As of May 1, 2023, the Company will account for the SPHG Note under the fair value option.

(b) Amounts include deferred debt issuance costs related to credit facilities of $79 thousand as of July 31, 2022, which are presented in Other Assets.

Summary of Debt

	Predecessor
	July 31, 2022
Carrying amount of equity component	$	8,200
Principal amount of note	$	14,940
Unamortized debt discount	(3,893)
Net carrying amount	$	11,047

Summary of Interest Expense Related to Convertible Notes

Below is a reconciliation of interest expense related to the SPHG Note to total interest expense:

	Successor		Predecessor
	May 1 to July 31,		August 1, 2022 to April 30,		Fiscal Year Ended July 31,
	2023		2023		2022
	(In thousands)
Interest expense related to contractual interest coupon on the SPHG Note	$	261	$	844	$	1,136
Interest expense related to accretion of the discount on the SPHG Note	—		1,688		1,704
Interest expense related to revolving credit facilities (see below)	—		36		212
Other	4		20		68
Total interest expense	$	265	$	2,588	$	3,120