EARNINGS PER SHARE (Tables)

6 Months Ended

Jan. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) Per Share

The following table reconciles net earnings per share for the three and six months ended January 31, 2024 and 2023:

	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, except per share data)
Reconciliation of net income (loss) to net income (loss) attributable to common stockholders after assumed conversions:
Net income (loss)	$	5,346	$	(526)	$	9,782	$	4,431
Less: Preferred dividends on Series C redeemable preferred stock	(537)		(537)		(1,073)		(1,074)
Net income (loss) available to common stockholders	4,809		(1,063)		8,709		3,357
Less: Undistributed earnings allocated to participating securities	(3,661)		—		(6,632)		—
Net income (loss) attributable to common stockholders	$	1,148	$	(1,063)	$	2,077	$	3,357
Effect of dilutive securities:
Dividends on Series C preferred stock	—		—		—		—
Undistributed earnings allocated to Series E preferred stock	3,661		—		6,632		—
Net income (loss) attributable to common stockholders - assuming dilution	$	4,809	$	(1,063)	$	8,709	$	3,357
Net income (loss) per common share - basic	$	0.18	$	(0.16)	$	0.33	$	0.52
Net income (loss) per common share - diluted	$	0.18	$	(0.16)	$	0.33	$	0.52
Weighted average common shares outstanding - basic	6,211		6,448		6,205		6,442
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares	62		—		60		54
Common stock equivalents - Series C Preferred stock	—		—		—		—
Common stock equivalents - Series E Preferred stock	19,810		—		19,810		—
Weighted average common shares outstanding - diluted	26,083		6,448		26,075		6,496