REVENUE RECOGNITION

12 Months Ended

Jul. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Disaggregation of Revenue

The following table presents the Company's revenues from customers with contracts disaggregated by major good or service line and timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue with the reportable segments.

	Successor			Predecessor
	Fiscal Year Ended July 31,	May 1 to July 31,		August 1, 2022 to April 30,
	2024	2023		2023
	(In thousands)
Service Lines
Supply chain management services	172,628	$	40,467	$	147,185
Other	1,481	337		1,098
	174,109	$	40,804	$	148,283
Timing of Revenue Recognition
Services transferred over time	174,109	$	40,804	$	148,283
	174,109	$	40,804	$	148,283

The table below presents information for the Company's contract balances:

	Successor				Predecessor
	July 31, 2024		July 31, 2023		August 1, 2022
	(In thousands)
Accounts receivable, trade, net	$	33,443	$	28,616	$	40,083
Contract assets	275		439		369
Deferred revenue - current	$	2,271	$	2,574	$	2,705
Deferred revenue - long-term	54		144		134
Total deferred revenue	$	2,325	$	2,718	$	2,839

Remaining Performance Obligations

Remaining performance obligations are comprised of deferred revenue. Changes in deferred revenue during the fiscal years ended July 31, 2024 and 2023 were as follows:

	Successor				Predecessor
	Fiscal Year Ended July 31,		May 1 to July 31,		August 1, 2022 to April 30,
	2024		2023		2023
	(In thousands)
Balance at beginning of period	$	2,718	$	3,073	$	2,839
Deferral of revenue	1,628		245		1,595
Recognition of deferred amounts upon satisfaction of performance obligation	(2,021)		(600)		(1,361)
Balance at end of period	$	2,325	$	2,718	$	3,073

The Company expects to recognize approximately $2.2 million of the deferred revenue over the next twelve months and the remaining $0.1 million beyond that time period.