EARNINGS PER SHARE (Tables)

3 Months Ended

Oct. 31, 2023

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) Per Share

The following table reconciles net earnings per share for the three months ended October 31, 2023 and 2022:

	Successor		Predecessor
	Three Months Ended October 31,		Three Months Ended October 31,
	2023		2022
	(In thousands, except per share data)
Reconciliation of net income to net income attributable to common stockholders after assumed conversions:
Net income	$	4,436	$	4,957
Less: Preferred dividends on Series C redeemable preferred stock	(536)		(537)
Net income available to common stockholders	3,900		4,420
Less: Undistributed earnings allocated to participating securities	(2,970)		—
Net income attributable to common stockholders	$	930	$	4,420
Effect of dilutive securities:
Dividends on Series C preferred stock	—		537
Undistributed earnings allocated to Series E preferred stock	2,970		—
Net income attributable to common stockholders - assuming dilution	$	3,900	$	4,957
Net income per common share - basic	$	0.15	$	0.69
Net income per common share - diluted	$	0.15	$	0.59
Weighted average common shares outstanding - basic	6,199		6,434
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares	57		56
Common stock equivalents - Series C Preferred stock	—		1,913
Common stock equivalents - Series E Preferred stock	19,810		—
Weighted average common shares outstanding - diluted	26,066		8,403