ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Jul. 31, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) represents the cumulative other comprehensive income (loss) items that are reported separate from net income and detailed on the Consolidated Statements of Comprehensive Income (Loss).

As discussed in Note 1 - "Nature of Operations", we have elected to apply push-down accounting as of the Exchange Transaction date, May 1, 2023. As part of this election, the Company's accumulated other comprehensive income (loss) was reset to zero at the Exchange Transaction date.

The components of accumulated other comprehensive income, net of income taxes, are as follows:


	Foreign currency items		Pension items		Total
	(In thousands)




Accumulated other comprehensive income (loss) at July 31, 2022 (Predecessor)	$	6,063	$	(1,923)	$	4,140
Foreign currency translation adjustment	999		—		999
Pension liability adjustments	—		(1,078)		(1,078)
Net current-period other comprehensive income (loss)	999		(1,078)		(79)
Accumulated other comprehensive income (loss) at April 30, 2023 (Predecessor)	7,062		(3,001)		4,061

Application of pushdown accounting	(7,062)		3,001		(4,061)
Accumulated other comprehensive income (loss) at May 1, 2023 (Successor)	—		—		—
Foreign currency translation adjustment	(623)		—		(623)
Pension liability adjustments	—		36		36
Net current-period other comprehensive (loss) income	(623)		36		(587)
Accumulated other comprehensive (loss) income at July 31, 2023 (Successor)	(623)		36		(587)
Foreign currency translation adjustment	(476)		—		(476)
Pension liability adjustments	—		(444)		(444)
Net current-period other comprehensive loss	(476)		(444)		(920)
Accumulated other comprehensive loss at July 31, 2024 (Successor)	$	(1,099)	$	(408)	$	(1,507)

In both the fiscal years ended July 31, 2024 and 2023, the Company recorded an immaterial amount in taxes related to other comprehensive loss.