EARNINGS PER SHARE (Tables)

3 Months Ended

Oct. 31, 2024

Earnings Per Share [Abstract]

Schedule of Reconciliation of Net Income (Loss) Per Share

The following table reconciles net earnings per share for the three months ended October 31, 2024 and 2023:

	Three Months Ended October 31,
	2024		2023
	(In thousands, except per share data)
Reconciliation of net income to net income attributable to common stockholders after assumed conversions:
Net income	$	2,365	$	4,436
Less: Preferred dividends on Series C redeemable preferred stock	(537)		(536)
Net income available to common stockholders	1,828		3,900
Less: Undistributed earnings allocated to participating securities	(1,389)		(2,970)
Net income attributable to common stockholders	$	439	$	930
Effect of dilutive securities:
Undistributed earnings allocated to Series E preferred stock	1,389		2,970
Net income attributable to common stockholders - assuming dilution	$	1,828	$	3,900
Net income per common share - basic	$	0.07	$	0.15
Net income per common share - diluted	$	0.07	$	0.15
Weighted average common shares outstanding - basic	6,256		6,199
Effect of dilutive securities:
Common stock equivalents - Restricted stock and restricted stock shares	38		57
Common stock equivalents - Series E Preferred stock	19,810		19,810
Weighted average common shares outstanding - diluted	26,104		26,066