v3.25.1
Derivative Instruments (Tables)
 9 Months Ended
Apr. 30, 2025
Derivative Instruments [Abstract]  
Schedule of Outstanding Contracts

The outstanding contracts at April 30, 2025 were as follows:

 

Settlement Date  U.S. Dollar Amount   NOK Amount 
May-25 1   225,000    2,410,245 
Total   225,000    2,410,245 

 

Settlement Date  U.S. Dollar Amount   EUR Amount 
May-25   275,000    248,307 
Jun-25   425,000    388,874 
Jul-25   425,000    388,163 
Aug-25   425,000    387,456 
Total   1,550,000    1,412,800 

 

1.The last remaining USD to NOK forward contract in light of the closing of our Norwegian operations.
Schedule of Fair Value of Outstanding Derivative Instruments

The fair value of outstanding derivative instruments recorded in the accompanying unaudited condensed consolidated balance sheets were as follows (in thousands):

 

      April 30,   July 31, 
(in thousands)  2025   2024 
Assets and Liabilities Derivatives:  Balance Sheet Location        
Derivatives not designated or not qualifying as hedging instruments       
Foreign exchange forward contracts  Prepaid expenses and other current assets  $65   $
-
 
Foreign exchange forward contracts  Accrued expenses and other current liabilities  $
-
   $51 
Schedule of Derivative Instruments on the Condensed Consolidated Statements of Operations and Comprehensive Loss

The effects of derivative instruments on the condensed consolidated statements of operations and comprehensive income (loss) were as follows (in thousands):

 

      Three Months Ended
April 30,		   Nine Months Ended
April 30,		 
Amount of Income (Loss) Recognized on Derivatives  2025   2024   2025   2024 
Derivatives not designated or not qualifying as hedging instruments  Location of income (loss) recognized on derivatives        
Foreign exchange forward contracts  Net income (loss) resulting from foreign exchange transactions  $164   $(145)   15   $(296)