SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2024

Accounting Policies [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

The allowance for expected credit losses consisted of the following:

	Successor				Predecessor
	July 31, 2024		May 1 to July 31, 2023		August 1, 2022 to April 30, 2023
	(In thousands)
Balance at beginning of period	$	219	$	1,180	$	44
Application of pushdown accounting(a)	—		(1,180)		—
Provisions charged to expense	—		219		1,136
Recovered	(46)		—		—
Foreign currency impact	$	(4)	$	—	$	—
Balance at end of period	$	169	$	219	$	1,180

(a) As part of pushdown accounting, the allowance for expected credit losses balance was eliminated to establish the new cost basis in the Company's accounts receivables as of May 1, 2023.

Cash and Cash Equivalents

Cash and cash equivalents consisted of the following:

	Successor
	July 31, 2024		July 31, 2023
	(In thousands)
Cash and bank deposits	$	13,393	$	36,103
Money market funds	235,221		85,269
	$	248,614	$	121,372

The amount of cash, cash equivalents and restricted cash as of July 31, 2024 and 2023 in the consolidated statements of cash flows is reconciled to the Company's consolidated balance sheets as follows:

	Successor
	July 31, 2024		July 31, 2023
	(In thousands)
Cash and cash equivalents	$	248,614	$	121,372
Funds held for clients	2,576		2,031
Cash, cash equivalents and restricted cash	$	251,190	$	123,403

Estimated Useful Lives of Property and Equipment

The estimated useful lives are as follows:

Category	Useful Lives
Machinery and equipment	5 years
Leasehold improvements	Shorter of the lease term or the estimated useful life of the asset
Software	5 years
Computer hardware	3 years
Other	5 years