COMPREHENSIVE (LOSS) INCOME

3 Months Ended

Oct. 31, 2023

Comprehensive (loss) income combines net income and other comprehensive items. Other comprehensive items represent certain amounts that are reported as components of stockholders' equity in the accompanying condensed consolidated balance sheets. Accumulated other comprehensive items consist of the following:


	Foreign Currency Items		Pension Items		Total
	(In thousands)
Accumulated other comprehensive (loss) income as of 7/31/2023 (Successor)	$	(623)	$	36	$	(587)
Foreign currency translation adjustment	(996)		—		(996)


Net current-period other comprehensive loss	(996)		—		(996)
Accumulated other comprehensive (loss) income as of 10/31/2023 (Successor)	$	(1,619)	$	36	$	(1,583)


	Foreign Currency Items		Pension Items		Total
	(In thousands)
Accumulated other comprehensive income (loss) as of 7/31/2022 (Predecessor)	$	6,063	$	(1,923)	$	4,140
Foreign currency translation adjustment	(2,837)		—		(2,837)

Pension liability adjustments, net of tax	—		(1,078)		(1,078)
Net current-period other comprehensive loss	(2,837)		(1,078)		(3,915)
Accumulated other comprehensive income (loss) as of 10/31/2022 (Predecessor)	$	3,226	$	(3,001)	$	225

During the year ended July 31, 2020, a Netherlands defined benefit pension plan was amended, so that active participants no longer accrued benefits as of January 1, 2020, which resulted in a pre-tax curtailment gain of $2.4 million recognized in accumulated other comprehensive income (loss). At that time, the active plan participants were moved into a new defined benefit contribution pension plan. During the three months ended October 31, 2022, the Company recorded an increase of approximately $1.1 million to accrued pension liabilities for the defined benefit pension plan as it was determined plan participants are entitled to unconditional indexation of benefits for as long as they remain in active service with the Company.