v3.25.1
Restructuring, Impairments, and Related Charges (Tables)
 9 Months Ended
Apr. 30, 2025
Restructuring, Impairments, and Related Charges [Abstract]  
Schedule of Restructuring, Impairments, and Related Charges

The following table summarizes total restructuring, impairments, and related charges for the Company’s two reportable segments (in thousands):

 

   Three Months Ended
April 30,		   Nine Months Ended
April 30,		 
   2025   2024   2025   2024 
Zedge Marketplace  $270   $
                 -
   $695   $
             -
 
GuruShots   307    
-
    1,190    
-
 
Total restructuring, impairments, and related charges  $577   $
-
   $1,885   $
-
 
Schedule of Provides Information About Restructuring, Impairments, and Related Charges

The following table provides information about restructuring, impairments, and related charges for the Company’s two reportable segments (in thousands):

 

   Restructuring, Impairment, and Related Charges 
   Termination
Benefits (1)		   Impairments and
Assets Disposal (2)		   Total 
Zedge Marketplace  $270   $
-
   $270 
GuruShots   307    
-
    307 
Three Months Ended April 30, 2025  $577   $
-
   $577 
Zedge Marketplace  $695   $
-
   $695 
GuruShots   363    827    1,190 
Nine Months Ended April 30, 2025  $1,058   $827   $1,885 

 

1)Primarily relates to the global restructuring initiated in January 2025 and consists of termination benefits related to workforce reduction actions across all segments. Additionally, one-time severance and termination benefits of approximately $0.3 million, impairment of ROU assets, lease termination costs and other charges of approximately $0.2 million, were expected to be incurred but were not recognized as of April 30, 2025.

 

2)Primarily represents impairment of capitalized software and technology development costs resulting from the strategy assessment related to the restructuring initiative implemented in GuruShots.
Schedule of Asset Impairment Charges and Other Asset Disposal Activities These amounts exclude asset impairment charges and other asset disposal activities (in thousands):
   Balance at   Change in   Cash       Balance at 
Restructuring and Related Charges by Segment  7/31/24   reserves (1)   payments   Other (2)   4/30/25(3) 
                          
Zedge Marketplace  $
    -
   $695   $(507)  $11   $199 
GuruShots   
-
    363    (348)   
-
    15 
Total  $
-
   $1,058   $(855)  $11   $214 

 

1)Primarily consists of severance and employee termination costs. The impairment charges and other asset disposals associated with the restructuring implemented in January 2025 that have impacted our property, plant and equipment, intangible balances or other asset balances are not included in this table.

 

2)Primarily comprised of foreign currency translation and other non-cash adjustments.

 

3)Included in “Accrued expenses and other current liabilities” on the condensed consolidated balance sheets.