EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Jul. 31, 2023

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) Per Share

The following table reconciles net income (loss) per share for the periods below:

	Successor		Predecessor
	May 1 to July 31,		August 1, 2022 to April 30,		Fiscal Year Ended July 31,
	2023		2023		2022
	(In thousands, except per share data)
Reconciliation of net income (loss) to net income (loss) attributable to common stockholders after assumed conversions:
Net income (loss) from continuing operations	$	8,149	$	7,460	$	(9,256)
Loss from discontinued operations	—		—		(1,712)
Net income (loss)	8,149		7,460		(10,968)
Less: Preferred dividends on Series C preferred stock	(537)		(1,593)		(2,129)
Net income (loss) available to common stockholders	7,612		5,867		(13,097)
Less: Undistributed earnings allocated to participating securities	(5,803)		—		—
Net income (loss) attributable to common stockholders	$	1,809	$	5,867	$	(13,097)
Effect of dilutive securities:
Dividends on Series C preferred stock	537		1,593		—
Undistributed earnings allocated to Series E preferred stock	5,803		—		—
Net income (loss) attributable to common stockholders - assuming dilution	$	8,149	$	7,460	$	(13,097)
Net income (loss) per common share - basic
Net income (loss) from continuing operations	$	0.29	$	0.91	$	(1.77)
Net loss from discontinued operations	—		—		(0.27)
Net income (loss) attributable to common stockholders	$	0.29	$	0.91	$	(2.04)
Net income (loss) per common share - diluted
Net income (loss) from continuing operations	$	0.29	$	0.89	$	(1.77)
Net loss from discontinued operations	—		—		(0.27)
Net income (loss) attributable to common stockholders	$	0.29	$	0.89	$	(2.04)
Weighted average common shares outstanding - basic	6,177		6,449		6,425
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares	60		55		—
Common stock equivalents - Series C Preferred Stock	1,913		1,913		—
Common stock equivalents - Series E Preferred Stock	19,810		—		—
Weighted average common shares outstanding - diluted	27,960		8,417		6,425