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Business Divestiture | 12 Months Ended
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Jul. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Business Divestiture | Business Divestiture On November 7, 2023, we completed the divestiture of our solid-state RF microwave high power amplifiers and control components product line, which was included in our Satellite and Space Communications segment, pursuant to a stock sale agreement entered into on October 11, 2023 (the "PST Divestiture"). The final sales price for this divestiture was $35,459,000. As of July 31, 2024, we received net cash proceeds of $33,277,000, which reflects $2,182,000 of transaction costs. Based on the carrying amount of net assets related to the PST Divestiture (see below table), we recognized a GAAP pre-tax loss of $1,199,000. Such loss is presented in the "Loss on Business Divestiture" line item in our Consolidated Statements of Operations. The carrying amount of the major classes of assets and liabilities related to the PST Divestiture ("PST Disposal Group") as of November 7, 2023 are as follows:
Cash and cash equivalents |  | $ | (71,000) |
Accounts receivable, net |  | 4,168,000 |
Inventories, net |  | 17,822,000 |
Prepaid expenses and other current assets |  | 201,000 |
Property, plant and equipment, net |  | 2,790,000 |
Operating lease right-of-use assets, net |  | 5,379,000 |
Goodwill |  | 14,587,000 |
Other assets, net |  | 35,000 |
Total assets of disposal group held for sale |  | $ | 44,911,000 |
Accounts payable |  | $ | 3,081,000 |
Accrued expenses and other current liabilities |  | 1,622,000 |
Operating lease liabilities, current |  | 545,000 |
Contract liabilities |  | 656,000 |
Operating lease liabilities, non-current |  | 4,894,000 |
Deferred tax liability, net |  | (363,000) |
Total liabilities of disposal group held for sale |  | $ | 10,435,000 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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