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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 9 Months Ended
Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
In connection with the application of pushdown accounting, the Company recorded intangible assets for goodwill, customer relationships and tradenames. A reconciliation of the change in the carrying amount of goodwill by reportable segment is as follows:
(in thousands)Supply Chain
Balance at July 31, 2023 (Successor)
Gross goodwill$22,785 
Accumulated impairments— 
Net goodwill$22,785 
Balance at April 30, 2024 (Successor)
Gross goodwill$22,785 
Accumulated impairments— 
Net goodwill$22,785 

A summary of Other intangible assets, net is as follows:

Successor
April 30, 2024July 31, 2023
(in thousands)Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Customer relationships$25,000 $3,571 $21,429 $25,000 $911 $24,089 
Trade name10,500 — 10,500 10,500 — 10,500 
Total$35,500 $3,571 $31,929 $35,500 $911 $34,589 

The trade name intangible asset has an indefinite useful life. Customer relationships are amortized on a straight-line basis. Amortization expense related to intangible assets was $0.9 million and $2.7 million for the three and nine months ended April 30, 2024, respectively. The Exchange Transaction closed on May 1, 2023, and as such, there was no intangible assets or related amortization expense for the three and nine months ended April 30, 2023.

Based on gross carrying amounts at April 30, 2024, the Company's projection of amortization expense for identifiable intangible assets for the remainder of the fiscal year ending July 31, 2024, and fiscal years 2025 through 2028 and thereafter is presented in the table below:

Fiscal Year Ending July 31,
(in thousands)20242025202620272028Thereafter
Projected amortization expense$893 $3,571 $3,571 $3,571 $3,571 $6,252