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Credit Facility (Tables) | 3 Months Ended
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Oct. 31, 2024
Line of Credit Facility [Abstract] |
Schedule of Line of Credit Facilities | The amount outstanding under our Credit Facility was as follows:
|  | October 31, 2024 |  | July 31, 2024
Term Loan |  | $ | 166,995,000 |  |  | $ | 161,663,000 |
Less unamortized deferred financing costs related to Term Loan |  | 6,181,000 |  |  | 6,425,000 |
Less unamortized discount related to Term Loan |  | 15,926,000 |  |  | 13,202,000 |
Term Loan, net |  | 144,888,000 |  |  | 142,036,000 |
Revolving Loan |  | 32,500,000 |  |  | 32,500,000 |
Embedded derivative related to Credit Facility |  | 4,992,000 |  |  | 3,041,000 |
Amount outstanding under Credit Facility, net |  | $ | 182,380,000 |  |  | 177,577,000 |
Less current portion of credit facility, net |  | 182,380,000 |  |  | 4,050,000 |
Non-current portion of credit facility, net |  | $ | — |  |  | $ | 173,527,000 |
The following table presents a reconciliation of the amount understanding under the Subordinated Credit Facility to its net carrying value:
|  |  |  | October 31, 2024 |  |
Subordinated Credit Facility |  |  |  |  |  | $ | 25,000,000 |  |  |
Less: Unamortized deferred financing costs |  |  |  |  |  | 1,740,000 |  |  |
Less: Unamortized discount |  |  |  |  |  | 3,284,000 |  |  |
Accretion of Make-Whole Amount |  |  |  |  |  | 193,000 |  |  |
Subordinated Credit Facility, net - subtotal |  |  |  |  |  | 20,169,000 |  |  |
Plus: Embedded derivative related to redemption features |  |  |  |  |  | 3,566,000 |  |  |
Amount outstanding under the Subordinated Credit Facility |  |  |  |  |  | 23,735,000 |  |  |
Less: Current portion of Subordinated Credit Facility, net |  |  |  |  |  | (23,735,000) |  |  |
Non-current portion of Subordinated Credit Facility, net |  |  |  |  |  | $ | — |  |  |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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