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Inventories | 6 Months Ended
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Jan. 31, 2025
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories consist of the following at:
|  | January 31, 2025 |  | July 31, 2024
Raw materials and components |  | $ | 70,600,000 |  |  | 72,820,000 |
Work-in-process and finished goods |  | 38,324,000 |  |  | 38,587,000 |
Total inventories |  | 108,924,000 |  |  | 111,407,000 |
Less reserve for excess and obsolete inventories |  | 27,523,000 |  |  | 18,271,000 |
Inventories, net |  | $ | 81,401,000 |  |  | 93,136,000 |
As of January 31, 2025 and July 31, 2024, the amount of inventory directly related to long-term contracts (including contracts-in-progress) was $3,026,000 and $2,869,000, respectively, and the amount of inventory related to contracts from third-party commercial customers who outsource their manufacturing to us was $2,028,000 and $2,204,000, respectively. As discussed in Note (1) – General – Liquidity and Going Concern, in connection with our initiatives to transform our Company (e.g., reevaluating our business plans to identify opportunities to focus future investment on our most strategic, high-margin revenue opportunities), during the six months ended January 31, 2025, we recorded a non-cash charge of $11,369,000 within Cost of Sales on our Condensed Consolidated Statement of Operations. Such non-cash charge primarily related to the write down of inventory during the first quarter of fiscal 2025 associated with approximately 70 products within our satellite ground infrastructure product line that were discontinued. As discussed in Note (2) – Business Divestitures, such non-cash charge also included the write down of inventory associated with the CGC Divestiture, which was determined during the first quarter of fiscal 2025 to no longer be salable. During the six months ended January 31, 2025, we also expensed $1,082,000 of work in process inventory related to certain loss contracts in our satellite ground infrastructure product line accounted for under the point in time revenue recognition model.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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