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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 3 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
In connection with the application of pushdown accounting, the Company recorded intangible assets for goodwill, customer relationships and tradenames. A reconciliation of the change in the carrying amount of goodwill by reportable segment is as follows:

Supply Chain
(In thousands)
Balance at July 31, 2024
Gross goodwill$22,785 
Accumulated impairments— 
Pushdown accounting adjustment(a)
(3,082)
Net goodwill$19,703 
Balance at October 31, 2024
Gross goodwill$19,703 
Accumulated impairments— 
Net goodwill$19,703 
(a)    In the fourth quarter of Fiscal Year 2024, the Company determined that the fair value of a liability that existed as of the date of the Exchange Transaction was zero. As such, the Company recorded the $3.1 million reduction of the liability as an offset to the amount of goodwill recognized in pushdown accounting.

A summary of Other intangible assets, net is as follows:

October 31, 2024July 31, 2024
(In thousands)
Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Customer relationships$25,000 $5,357 $19,643 $25,000 $4,464 $20,536 
Trade name10,500 — 10,500 10,500 — 10,500 
Total$35,500 $5,357 $30,143 $35,500 $4,464 $31,036 

The trade name intangible asset has an indefinite useful life. Customer relationships are amortized on a straight-line basis over an estimated useful life of seven years. Amortization expense related to intangible assets was $0.9 million for both the three months ended October 31, 2024 and 2023, respectively.

Based on gross carrying amounts at October 31, 2024, the Company's estimate of amortization expense for identifiable intangible assets for the remainder of the fiscal year ending July 31, 2025, and fiscal years 2026 through 2029 and thereafter is presented in the table below:

Fiscal Year Ending July 31,
20252026202720282029Thereafter
(In thousands)
Estimated amortization expense$2,679 $3,571 $3,571 $3,571 $3,571 $2,680