XML 50 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1

Segment Information (Tables)

6 Months Ended

Jan. 31, 2022

Segment Reporting [Abstract]

Segment Information

Operating segment information, along with a reconciliation of segment net income (loss) and consolidated net income (loss) to Adjusted EBITDA is presented in the tables below:

						Three months ended January 31, 2022
						Commercial Solutions						Government Solutions						Unallocated						Total
Net sales						$	81,277,000					39,104,000						—						$	120,381,000
Operating income (loss)						$	4,552,000					(196,000)						(28,946,000)						$	(24,590,000)
Net income (loss)						$	4,565,000					(108,000)						(26,331,000)						$	(21,874,000)
Benefit from income taxes						(127,000)						—						(3,149,000)						(3,276,000)
Interest (income) and other						108,000						(88,000)						(50,000)						(30,000)
Change in fair value of convertible preferred        stock purchase option liability						—						—						(398,000)						(398,000)
Interest expense						6,000						—						982,000						988,000
Amortization of stock-based compensation						—						—						1,983,000						1,983,000
Amortization of intangibles						4,260,000						1,089,000						—						5,349,000
Depreciation						1,944,000						339,000						51,000						2,334,000
CEO transition costs						—						—						13,554,000						13,554,000
Proxy solicitation costs						—						—						9,086,000						9,086,000
Restructuring costs						1,696,000						30,000						—						1,726,000
COVID-19 related costs						—						355,000						—						355,000
Adjusted EBITDA						$	12,452,000					1,617,000						(4,272,000)						$	9,797,000
Purchases of property, plant and equipment						$	4,073,000					1,100,000						—						$	5,173,000
Total assets at January 31, 2022						$	740,126,000					228,018,000						26,710,000						$	994,854,000

						Three months ended January 31, 2021
						Commercial Solutions						Government Solutions						Unallocated						Total
Net sales						$	87,825,000					73,467,000						—						$	161,292,000
Operating income (loss)						$	9,371,000					5,460,000						(9,429,000)						$	5,402,000
Net income (loss)						$	9,283,000					5,695,000						(10,773,000)						$	4,205,000
Provision for (benefit from) income taxes						217,000						(286,000)						(86,000)						(155,000)
Interest (income) and other						(129,000)						47,000						16,000						(66,000)
Interest expense						—						4,000						1,414,000						1,418,000
Amortization of stock-based compensation						—						—						1,287,000						1,287,000
Amortization of intangibles						4,286,000						509,000						—						4,795,000
Depreciation						1,934,000						443,000						80,000						2,457,000
Acquisition plan expenses						—						—						3,357,000						3,357,000
Restructuring costs						601,000						—						—						601,000
COVID-19 related costs						—						160,000						—						160,000
Adjusted EBITDA						$	16,192,000					6,572,000						(4,705,000)						$	18,059,000
Purchases of property, plant and equipment						$	1,575,000					1,221,000						—						$	2,796,000
Total assets at January 31, 2021						$	672,209,000					240,618,000						33,768,000						$	946,595,000

						Six months ended January 31, 2022
						Commercial Solutions						Government Solutions						Unallocated						Total
Net sales						$	160,211,000					76,929,000						—						$	237,140,000
Operating income (loss)						$	6,755,000					(1,610,000)						(36,250,000)						$	(31,105,000)
Net income (loss)						$	6,620,000					(1,259,000)						(33,219,000)						$	(27,858,000)
Provision for (benefit from) income taxes						46,000						(631,000)						(4,744,000)						(5,329,000)
Interest (income) and other						83,000						166,000						(60,000)						189,000
Change in fair value of convertible preferred        stock purchase option liability						—						—						(702,000)						(702,000)
Interest expense						6,000						114,000						2,475,000						2,595,000
Amortization of stock-based compensation						—						—						2,904,000						2,904,000
Amortization of intangibles						8,520,000						2,178,000						—						10,698,000
Depreciation						3,752,000						720,000						103,000						4,575,000
CEO transition costs						—						—						13,554,000						13,554,000
Proxy solicitation costs												—						11,248,000						11,248,000
Restructuring costs						2,509,000						(71,000)						—						2,438,000
COVID-19 related costs						—						1,029,000						—						1,029,000
Adjusted EBITDA						$	21,536,000					2,246,000						(8,441,000)						$	15,341,000
Purchases of property, plant and equipment						$	6,768,000					2,043,000						—						$	8,811,000
Total assets at January 31, 2022						$	740,126,000					228,018,000						26,710,000						$	994,854,000

						Six months ended January 31, 2021
						Commercial Solutions						Government Solutions						Unallocated						Total
Net sales						$	169,627,000					126,883,000						—						$	296,510,000
Operating income (loss)						$	18,121,000					8,045,000						(106,480,000)						$	(80,314,000)
Net income (loss)						$	17,598,000					8,386,000						(107,619,000)						$	(81,635,000)
Provision for (benefit from) income taxes						556,000						(412,000)						(2,538,000)						(2,394,000)
Interest (income) and other						(33,000)						7,000						26,000						—
Interest expense						—						64,000						3,651,000						3,715,000
Amortization of stock-based compensation						—						—						1,986,000						1,986,000
Amortization of intangibles						8,573,000						1,788,000						—						10,361,000
Depreciation						3,930,000						846,000						233,000						5,009,000
Acquisition plan expenses						(1,052,000)						—						95,592,000						94,540,000
Restructuring costs						601,000						—												601,000
COVID-19 related costs						—						160,000						—						160,000
Adjusted EBITDA						$	30,173,000					10,839,000						(8,669,000)						$	32,343,000
Purchases of property, plant and equipment						$	1,964,000					1,642,000						80,000						$	3,686,000
Total assets at January 31, 2021						$	672,209,000					240,618,000						33,768,000						$	946,595,000

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration