FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jul. 31, 2023

Fair Value Disclosures [Abstract]

Financial Assets Measured at Fair Value on Recurring Basis and Classified by Fair Value Hierarchy

The following tables present the Company's financial assets and liabilities measured at fair value on a recurring basis as of July 31, 2023 and 2022, classified by fair value hierarchy:

	Successor		Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2023		Level 1		Level 2		Level 3
Assets:
Money market funds	$	31,090	$	31,090	$	—	$	—
Liabilities:
SPHG Note	$	12,461	$	—	$	—	$	12,461

	Predecessor		Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2022		Level 1		Level 2		Level 3
Assets:
Money market funds	$	31,756	$	31,756	$	—	$	—

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Following is a summary of changes in the SPHG Note measured using Level 3 inputs:

Balance as of May 1, 2023 (Successor):	$	13,006
Principal repayment	(1,000)
Unrealized losses	455
Balance as of July 31, 2023 (Successor)	$	12,461