v3.26.3
Business Divestiture (Tables)
 12 Months Ended
Jul. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Carrying Amounts of Major Classes of Assets and Liabilities and Line Items Comprising Net Loss from Discontinued Operations
The tables below present the carrying amounts of the major classes of assets and liabilities of discontinued operations as of July 31, 2026 and 2025 and the major classes of line items comprising net loss from discontinued operations for the fiscal years ended July 31, 2026 and 2025.

AssetsJuly 31, 2026July 31, 2025
Accounts receivable, net$58,781,000 57,661,000 
Inventories, net51,841,000 62,019,000 
Other current assets (1)
6,719,000 8,307,000 
       Total current assets$117,341,000 127,987,000 
Property, plant and equipment, net (2)
$14,324,000 15,451,000 
Operating lease right-of-use assets and other assets, net (2)
27,460,000 27,618,000 
Goodwill and intangibles with finite lives, net (2)
62,261,000 66,177,000 
Total non-current assets$104,045,000 109,246,000 
Liabilities
Accounts payable$10,503,000 11,306,000 
Accrued expenses, other current liabilities and operating lease liabilities, current19,725,000 21,170,000 
Contract liabilities23,962,000 20,591,000 
        Total current liabilities $54,190,000 53,067,000 
Operating lease liabilities and other liabilities, non-current$19,384,000 20,969,000 
Deferred tax liability, net and income taxes payable, non-current (3)
5,314,000 5,887,000 
Total non-current liabilities $24,698,000 26,856,000 
Fiscal Years Ended July 31,
20262025
Net sales$185,837,000 198,656,000 
Cost of sales134,198,000 165,989,000 
Impairment of long-lived assets, including goodwill— 74,251,000 
Other operating expenses40,763,000 67,610,000 
Other expenses (4)
27,683,000 26,912,000 
Loss from discontinued operations before income taxes(16,807,000)(136,106,000)
Provision for income taxes1,081,000 199,000 
Net loss from discontinued operations$(17,888,000)(136,305,000)

(1) Other current assets includes $3,993,000 and $4,648,000 of cash and cash equivalents at July 31, 2026 and 2025, respectively.

(2) Following the classification of the Disposal Group as "held for sale," we ceased depreciation and amortization of long-lived assets included in the Disposal Group.

(3) Deferred tax liabilities of $5,166,000 and $5,680,000 were reclassified to discontinued operations at July 31, 2026 and 2025, respectively.
(4) Other expenses include interest expense of $26,956,000 and $26,640,000 during fiscal years 2026 and 2025, respectively. Interest expense for each the Credit Facility and Subordinated Credit Facility was allocated to discontinued operations based on the estimated portion of debt that is contractually required to be prepaid with net proceeds from the sale of the Disposal Group relative to the total average debt outstanding during each period. Interest expense for fiscal 2026 includes a write-off of deferred financing costs and debt discounts of $658,000. See Note 8 - "Credit Facility" and Note 9 - "Subordinated Credit Facility" for additional information.