EARNINGS PER SHARE (Tables)

12 Months Ended

Jul. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) Per Share

The following table reconciles net income per share for the periods below:

	Successor				Predecessor
	Fiscal Year Ended July 31,		May 1 to July 31,		August 1, 2022 to April 30,
	2024		2023		2023
	(In thousands, except per share data)
Reconciliation of net income to net income attributable to common stockholders after assumed conversions:
Net income	$	87,980	$	8,149	$	7,460
Less: Preferred dividends on Series C preferred stock	(2,135)		(537)		(1,593)
Net income available to common stockholders	85,845		7,612		5,867
Less: Undistributed earnings allocated to participating securities	(65,336)		(5,803)		—
Net income attributable to common stockholders	$	20,509	$	1,809	$	5,867
Effect of dilutive securities:
Interest costs on SPHG Note	$	971	$	—	$	—
Dividends on Series C preferred stock	2,135		537		1,593
Undistributed earnings allocated to Series E preferred stock	65,336		5,803		—
Net income attributable to common stockholders - assuming dilution	$	88,951	$	8,149	$	7,460
Net income per common share - basic	$	3.30	$	0.29	$	0.91
Net income per common share - diluted	$	3.11	$	0.29	$	0.89
Weighted average common shares outstanding - basic	6,218		6,177		6,449
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares	64		60		55
Common stock equivalents - SPHG Note	584		—		—
Common stock equivalents - Series C Preferred Stock	1,913		1,913		1,913
Common stock equivalents - Series E Preferred Stock	19,810		19,810		—
Weighted average common shares outstanding - diluted	28,589		27,960		8,417