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LEASES (Tables)
 12 Months Ended
Jul. 31, 2024
Leases [Abstract]  
Lease Cost
The components of the Company's lease expense are presented below:
SuccessorPredecessor
Fiscal Year Ended July 31,May 1 to July 31,August 1, 2022 to April 30,
202420232023
(In thousands)
Operating lease cost$10,481 $2,565 $7,538 
Short-term lease expense1,608 444 1,269 
Sublease income(413)(171)(786)
Variable lease cost— — 7 
Interest on finance lease liabilities— — — 
$11,676 $2,838 $8,028 
Supplemental cash flow information related to the cash paid for amounts included in measurement of lease liabilities during the fiscal year ended July 31, 2024 and 2023 was as follows:
SuccessorPredecessor
Fiscal Year Ended July 31,May 1 to July 31,August 1, 2022 to April 30,
202420232023
(In thousands)
Operating cash flows from operating leases$10,412 $2,494 $7,224 
Operating cash flows from finance leases$— $— $— 
Financing cash flows from finance leases$— $— $38 
Future Minimum Lease Payments Under Operating Leases
The Company's future minimum lease payments required under operating leases that have commenced as of July 31, 2024 were as follows:

Operating Leases
(In thousands)
2025$9,454 
20266,436 
20274,443 
20282,094 
2029546 
Thereafter— 
Total lease payments22,973 
Less: imputed interest1,914 
Present value of lease payments21,059 
Less: current lease obligations8,319 
Long-term lease obligations$12,740 
Future Minimum Lease Payments Under Financing Leases
The Company's future minimum lease payments required under operating leases that have commenced as of July 31, 2024 were as follows:

Operating Leases
(In thousands)
2025$9,454 
20266,436 
20274,443 
20282,094 
2029546 
Thereafter— 
Total lease payments22,973 
Less: imputed interest1,914 
Present value of lease payments21,059 
Less: current lease obligations8,319 
Long-term lease obligations$12,740 
Additional Lease Information
Additional information related to the Company's leases as of July 31, 2024 was as follows:

Weighted average remaining lease term:
Operating leases2.9years
Weighted average discount rate:
Operating leases5.5%