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Stock-Based Compensation (Tables)
3 Months Ended
Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of stock-based awards outstanding by award type
As of October 31, 2024, the following stock-based awards, by award type, were outstanding:
 October 31, 2024
Stock options141,190 
Performance shares876,199 
RSUs, restricted stock, share units and other stock-based awards1,745,764 
Total2,763,153 
Stock-based compensation for awards detailing where recorded in Consolidated Statement of Operations
Stock-based compensation for awards issued is reflected in the following line items in our Condensed Consolidated Statements of Operations:
 Three months ended October 31,
 20242023
Cost of sales$104,000 282,000 
Selling, general and administrative expenses(14,000)2,176,000 
Research and development expenses65,000 187,000 
Stock-based compensation expense before income tax benefit155,000 2,645,000 
Estimated income tax benefit(20,000)(584,000)
Net stock-based compensation expense$135,000 2,061,000 
Summary of stock-based compensation expense by award type
Stock-based compensation expense, by award type, is summarized as follows:
Three months ended October 31,
20242023
Stock options$17,000 19,000 
Performance shares(397,000)357,000 
RSUs, restricted stock and share units521,000 2,244,000 
ESPP14,000 25,000 
Stock-based compensation expense before income tax benefit155,000 2,645,000 
Estimated income tax benefit(20,000)(584,000)
Net stock-based compensation expense$135,000 2,061,000 
Summary of the Plan's activity relating to stock options
The following table summarizes the Plan's activity:
 Awards
(in Shares)
Weighted Average
Exercise Price
Weighted Average
Remaining Contractual
Term (Years)
Aggregate
Intrinsic Value
Outstanding at July 31, 2024141,190 $20.61   
Outstanding at October 31, 2024141,190 $20.61 4.26$— 
Exercisable at October 31, 2024129,840 $20.84 4.14$— 
Vested and expected to vest at October 31, 2024140,315 $20.62 4.25$— 
Summary of the Plan's activity relating to performance shares, RSUs, restricted stock and share units
The following table summarizes the Plan's activity relating to performance shares, RSUs, restricted stock, share units and other stock-based awards:
  Awards
(in Shares)
Weighted Average
Grant Date
Fair Value
Aggregate
Intrinsic Value
Outstanding at July 31, 2024 1,800,288 $10.61 
Granted 1,154,859 5.04 
Settled (204,292)11.26 
Canceled/Forfeited (128,892)10.61 
Outstanding at October 31, 2024 2,621,963 $8.11 $9,754,000 
  
Vested at October 31, 2024 628,254 $12.63 $2,337,000 
  
Vested and expected to vest at October 31, 2024 2,509,221 $8.02 $9,334,000