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EARNINGS PER SHARE (Tables)
9 Months Ended
Apr. 30, 2024
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss) Per Share The following table reconciles net earnings per share for the three and nine months ended April 30, 2024 and 2023:
SuccessorPredecessorSuccessorPredecessor
Three Months Ended
April 30,
Three Months Ended
April 30,
Nine Months Ended
April 30,
Nine Months Ended
April 30,
2024202320242023
(in thousands, except per share data)
Reconciliation of net income to net income attributable to common stockholders after assumed conversions:
Net income$71,660 $3,029 $81,442 $7,460 
Less: Preferred dividends on Series C redeemable preferred stock(531)(519)(1,604)(1,593)
Net income available to common stockholders71,129 2,510 79,838 5,867 
Less: Undistributed earnings allocated to participating securities(54,125)— (60,780)— 
Net income attributable to common stockholders$17,004 $2,510 $19,058 $5,867 
Effect of dilutive securities:
Interest and debt amortization costs on convertible debt243 — 739 — 
Dividends on Series C preferred stock531 519 1,604 1,593 
Undistributed earnings allocated to Series E preferred stock54,125 — 60,780 — 
Net income attributable to common stockholders - assuming dilution$71,903 $3,029 $82,181 $7,460 
Net income per common share - basic$2.73 $0.39 $3.07 $0.91 
Net income per common share - diluted$2.51 $0.36 $2.88 $0.89 
Weighted average common shares outstanding - basic6,224 6,461 6,211 6,449 
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares68 57 62 55 
Common stock equivalents - Convertible debt584 — 584 — 
Common stock equivalents - Series C Preferred stock1,913 1,913 1,913 1,913 
Common stock equivalents - Series E Preferred stock19,810 — 19,810 — 
Weighted average common shares outstanding - diluted28,599 8,431 28,580 8,417