SEGMENT INFORMATION

6 Months Ended

Jan. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company has one reportable segment: Supply Chain. The Company also has Corporate-level activity, which consists primarily of costs associated with certain corporate administrative functions such as legal, finance and share-based compensation, which are not allocated to the Company's reportable segment. The Corporate-level balance sheet information includes cash and cash equivalents, debt and other assets and liabilities which are not allocated to the operations of the Company's operating segment. All significant intra-segment amounts have been eliminated. Management evaluates segment performance based on segment net revenue and operating income (loss).

Summarized financial information of the Company's continuing operations by operating segment is as follows:

	Successor		Predecessor		Successor		Predecessor
	Three Months Ended January 31,		Three Months Ended January 31,		Six Months Ended January 31,		Six Months Ended January 31,
	2024		2023		2024		2023
	(in thousands)
Net revenue:
Supply Chain	$	43,045	$	50,781	$	84,386	102,140
Total segment net revenue	43,045		50,781		84,386		$	102,140
Operating income:
Supply Chain	3,065		5,388		5,740		11,238
Total segment operating income	3,065		5,388		5,740		11,238
Corporate-level activity	(1,343)		(2,785)		(2,213)		(4,756)
Total operating income	1,722		2,603		3,527		6,482
Total other income (expense), net	3,818		(3,475)		7,120		(1,272)
Income (loss) before income taxes	$	5,540	$	(872)	$	10,647	$	5,210

	Successor
	January 31, 2024		July 31, 2023
	(in thousands)
Total assets:
Supply Chain	$	141,056	$	146,614
Corporate	271,659		264,567
Total assets	$	412,715	$	411,181

Summarized financial information of the Company's capital expenditures and depreciation expense for the Supply Chain reportable segment is as follows:

	Successor		Predecessor		Successor		Predecessor
	Three Months Ended January 31,		Three Months Ended January 31,		Six Months Ended January 31,		Six Months Ended January 31,
	2024		2023		2024		2023
	(in thousands)
Capital expenditures	$	1,148	$	318	$	1,700	$	866
Depreciation expense	$	450	$	465	$	885	$	924

Summarized financial information of the Company's net revenue by geographic location is as follows:

	Successor		Predecessor		Successor		Predecessor
	Three Months Ended January 31,		Three Months Ended January 31,		Six Months Ended January 31,		Six Months Ended January 31,
	2024		2023		2024		2023
	(in thousands)
Mainland China	$	15,371	$	16,231	$	29,755	$	34,196
United States	10,994		13,173		21,817		25,345
Netherlands	5,787		4,926		11,086		10,277
Singapore	3,987		5,102		7,919		10,234
Czech Republic	2,565		7,535		5,195		13,295
Other	4,341		3,814		8,614		8,793
Total consolidated net revenue	$	43,045	$	50,781	$	84,386	$	102,140