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Accounts Receivable | 6 Months Ended
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Jan. 31, 2025
Receivables [Abstract] |
Accounts Receivable | Accounts Receivable Accounts receivable consist of the following at:
|  | January 31, 2025 |  | July 31, 2024
Receivables from commercial and international customers |  | $ | 58,599,000 |  |  | 53,108,000 |
Unbilled receivables from commercial and international customers |  | 63,679,000 |  |  | 72,540,000 |
Receivables from the U.S. government and its agencies |  | 42,259,000 |  |  | 20,682,000 |
Unbilled receivables from the U.S. government and its agencies |  | 22,453,000 |  |  | 51,197,000 |
Total accounts receivable |  | 186,990,000 |  |  | 197,527,000 |
Less allowance for doubtful accounts |  | 19,793,000 |  |  | 1,932,000 |
Accounts receivable, net |  | $ | 167,197,000 |  |  | 195,595,000 |
Unbilled receivables as of January 31, 2025 relate to contracts-in-progress for which revenue has been recognized, but for which we have not yet earned the right to bill the customer for work performed to-date. Under ASC 606, unbilled receivables constitute contract assets. During the six months ended January 31, 2025, we reversed cumulative revenues and associated contract receivables due to changes in estimates of revenue and costs for certain contracts. With respect to such changes in estimates, we: •determined that an unbilled receivable contract asset in the amount of $18,993,000, related to an international customer and reseller of our troposcatter technologies, was at risk of not being invoiced or collected, principally due to our customer's near-term ability to secure certain opportunities in its pipeline. As a result, and considering that we offered a price concession (i.e., variable consideration) to our customer in the first quarter of fiscal 2025, we reversed $1,551,000 of cumulative revenue and associated unbilled receivable contract assets related to this transaction, and recorded a non-cash charge to fully reserve for the remaining $17,442,000 unbilled receivable contract asset within our allowance for doubtful accounts; •reversed $1,004,000 of cumulative revenue and associated unbilled receivable contract assets as a result of being assessed late delivery penalties during the first quarter of fiscal 2025 on a separate contract to deliver Modular Transportable Transmission Systems (or "MTTS" troposcatter solutions) to the same international customer referenced above; •reversed $4,157,000 of cumulative revenue and $3,003,000 of associated unbilled receivable contract assets as a result of terminating certain customer contracts during the first quarter of fiscal 2025 in connection with the CGC Divestiture; and •reversed $1,752,000 of cumulative revenue and $1,585,000 of associated unbilled receivable contract assets due to higher expected costs at completion identified during the six months ended January 31, 2025, as we advanced certain nonrecurring engineering related projects in our satellite ground infrastructure product line through development and toward production. After adjusting for those amounts identified above, management estimates that a substantial portion of the remaining contract assets not yet billed at January 31, 2025 will be billed and collected within one year. Accounts receivable in the table above excludes $824,000 of long-term unbilled receivables presented within "Other assets, net" on the Condensed Consolidated Balance Sheets as of July 31, 2024. As of January 31, 2025, the U.S. government (and its agencies) and an international customer and reseller of our troposcatter technologies, represented 34.6% and 13.3% of total accounts receivable, respectively. There were no other customers which accounted for greater than 10% of total accounts receivable. As of July 31, 2024, the U.S. government (and its agencies), an international customer and reseller of our troposcatter technologies and AT&T, represented 36.4%, 11.3% and 10.9% of total accounts receivable, respectively. There were no other customers which accounted for greater than 10% of total accounts receivable.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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