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LEASES (Tables)
 12 Months Ended
Jul. 31, 2023
Leases [Abstract]  
Lease Cost
The components of the Company's lease expense are presented below:
SuccessorPredecessor
May 1 to July 31,August 1, 2022 to April 30,Fiscal Year Ended July 31,
202320232022
(In thousands)
Operating lease cost$2,565 $7,538 $9,973 
Short-term lease expense444 1,269 1,488 
Sublease income(171)(786)(748)
Variable lease cost— 7 24 
Interest on finance lease liabilities— — 3 
$2,838 $8,028 $10,740 
Supplemental cash flow information related to the cash paid for amounts included in measurement of lease liabilities during the fiscal year ended July 31, 2023 and 2022 was as follows:
SuccessorPredecessor
May 1 to July 31,August 1, 2022 to April 30,Fiscal Year Ended July 31,
202320232022
(In thousands)
Operating cash flows from operating leases$2,494 $7,224 $9,653 
Operating cash flows from finance leases$— $— $3 
Financing cash flows from finance leases$— $38 $73 
Future Minimum Lease Payments Under Operating Leases
The Company's future minimum lease payments required under operating leases that have commenced as of July 31, 2023 were as follows:

Operating Leases
(In thousands)
2024$9,256 
20258,054 
20265,630 
20274,298 
20282,088 
Thereafter544 
Total lease payments29,870 
Less: imputed interest2,736 
Present value of lease payments27,134 
Less: current lease obligations7,973 
Long-term lease obligations$19,161 
Future Minimum Lease Payments Under Financing Leases
The Company's future minimum lease payments required under operating leases that have commenced as of July 31, 2023 were as follows:

Operating Leases
(In thousands)
2024$9,256 
20258,054 
20265,630 
20274,298 
20282,088 
Thereafter544 
Total lease payments29,870 
Less: imputed interest2,736 
Present value of lease payments27,134 
Less: current lease obligations7,973 
Long-term lease obligations$19,161 
Additional Lease Information Additional information related to the Company's leases as of July 31, 2023 was as follows:
Weighted average remaining lease term:
Operating leases3.7years
Weighted average discount rate:
Operating leases5.2%