SEGMENT INFORMATION

3 Months Ended

Oct. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company has one reportable segment: Supply Chain. The Company also has Corporate-level activity, which consists primarily of activity related to business development to manage investments and cash, as well as costs associated with certain corporate administrative functions such as legal, finance and share-based compensation, which are not allocated to the Company's reportable segment. The Corporate-level balance sheet information includes cash and cash equivalents, investments, debt and other assets and liabilities which are not identifiable to the operations of the Company's operating segment.

Management evaluates segment performance based on segment net revenue, operating income (loss) and "adjusted operating income (loss)," which is defined as the operating income (loss) excluding net charges related to depreciation, amortization of long-lived asset impairment, share-based compensation and restructuring. These items are excluded because they may be considered to be of a non-operational or non-cash nature. Historically, the Company has recorded significant impairment and restructuring charges, and therefore management uses adjusted operating income (loss) to assist in evaluating the performance of the Company's core operations.

Summarized financial information of the Company's continuing operations by operating segment is as follows:

	Three Months Ended October 31,
	2024		2023
	(In thousands)
Net revenue:
Supply Chain	$	50,487	$	41,341
Total segment net revenue	50,487		41,341
Operating income:
Supply Chain	8,547		2,675
Corporate-level activity	(2,046)		(870)
Total operating income	6,501		1,805
Total other (expense) income, net	(3,319)		3,302
Income before income taxes	$	3,182	$	5,107

	October 31, 2024		July 31, 2024
	(In thousands)
Total assets:
Supply Chain	$	160,085	$	149,198
Corporate	316,673		336,430
Total assets	$	476,758	$	485,628

Summarized financial information of the Company's capital expenditures and depreciation expense for the Supply Chain reportable segment is as follows:

	Three Months Ended October 31,
	2024		2023
	(In thousands)
Capital expenditures	$	581	$	552
Depreciation expense	$	606	$	435

Summarized financial information of the Company's net revenue by geographic location is as follows:

	Three Months Ended October 31,
	2024		2023
	(In thousands)
Mainland China	$	17,169	$	14,384
United States	10,687		15,197
Netherlands	6,684		5,298
Singapore	5,718		1,460
Czech Republic	4,589		2,630
Malaysia	2,883		—
Other	2,757		2,372
Total consolidated net revenue	$	50,487	$	41,341