REVENUE RECOGNITION (Tables)

3 Months Ended

Oct. 31, 2023

Revenue from Contract with Customer [Abstract]

Summary of Reconciliation of the Disaggregated Revenue

The following table presents the Company's revenues from contracts with customers disaggregated by major good or service line and timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue with the reportable segments.

	Successor		Predecessor
	Three Months Ended October 31,		Three Months Ended October 31,
	2023		2022
	(In thousands)
Major Goods/Service Lines
Supply chain management services	$	41,005	$	50,931
Other	336		428
	$	41,341	$	51,359
Timing of Revenue Recognition
Services transferred over time	$	41,341	$	51,359
	$	41,341	$	51,359

Summary of Changes in Deferred Revenue

The table below presents information for the Company's contract balances:

	Successor				Predecessor
	October 31, 2023		July 31, 2023		August 1, 2022
	(In thousands)
Accounts receivable, trade, net	$	27,974	$	28,616	$	40,083
Contract assets	464		439		369
Deferred revenue - current	$	2,540	$	2,574	$	2,705
Deferred revenue - long-term	108		144		134
Total deferred revenue	$	2,648	$	2,718	$	2,839

Remaining Performance Obligations

Remaining performance obligations are comprised of deferred revenue. Changes in deferred revenue during the three months ended October 31, 2023 and October 31, 2022, were as follows:

	Successor		Predecessor
	Three Months Ended October 31,		Three Months Ended October 31,
	2023		2022
	(In thousands)
Balance at beginning of period	$	2,718	$	2,839
Deferral of revenue	301		271
Recognition of deferred amounts upon satisfaction of performance obligation	(371)		(641)
Balance at end of period	$	2,648	$	2,469