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DEBT (Tables)
6 Months Ended
Jan. 31, 2024
Debt Disclosure [Abstract]  
Summary of Components of Debt and Reconciliation to Carrying Amount
The components of debt are presented in the table below:
Successor
January 31,
2024
July 31,
2023
(in thousands)
Unsecured
7.50% Convertible Senior Note due September 1, 2024
$12,903 $12,461 
Credit Facility
Umpqua Revolver— — 
Total debt, net$12,903 $12,461 
Net carrying value of SPG note
Below is a reconciliation of interest expense related to the SPHG Note to total interest expense:
SuccessorPredecessorSuccessorPredecessor
Three Months Ended
January 31,
Three Months Ended
January 31,
Six Months Ended
January 31,
Six Months Ended
January 31,
2024202320242023
(in thousands)
Interest expense related to contractual interest coupon on the SPHG Note$249 $286 $496 $573 
Interest expense related to accretion of the discount on the SPHG Note(a)
— 547 — 1,056 
Interest expense related to revolving credit facilities (see below)— 12 — 24 
Other— — 21 
Total interest expense$249 $848 $496 $1,674 
(a) Prior to the date of the Exchange Transaction, the discount on the SPHG Note was accreted using the effective interest rate method. The effective interest rate on the SPHG Note was 27.80% prior to the SPHG Note Amendment.