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Discontinued Operations (Tables) | 6 Months Ended
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Jan. 27, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations, Assets and Liabilities and Components of Loss | The following table summarizes the major classes of assets and liabilities of discontinued operations, which are summarized separately in the condensed consolidated balance sheets:
(in thousands) |  | January 27, 2024 |  | July 29, 2023
Inventory, net |  | $ | — |  |  | $ | 6,628 |
Prepaid expenses and other current assets |  | 953 |  |  | 2,995 |
Current assets, discontinued operations |  | 953 |  |  | 9,623 |
Operating lease right-of-use assets |  | — |  |  | 1,565 |
Other long-term assets |  | 298 |  |  | 481 |
Long-term assets, discontinued operations |  | 298 |  |  | 2,046 |
Total assets, discontinued operations |  | $ | 1,251 |  |  | $ | 11,669 |
Accounts payable |  | $ | 577 |  |  | $ | 2,586 |
Operating lease liabilities |  | — |  |  | 1,132 |
Accrued liabilities |  | 1,485 |  |  | 8,903 |
Other current liabilities |  | — |  |  | 161 |
Current liabilities, discontinued operations |  | 2,062 |  |  | 12,782 |
Total liabilities, discontinued operations |  | $ | 2,062 |  |  | $ | 12,782 |
The key components of loss from discontinued operations were as follows:
|  | For the Three Months Ended |  | For the Six Months Ended
(in thousands) |  | January 27, 2024 |  | January 28, 2023 |  | January 27, 2024 |  | January 28, 2023
Revenue, net |  | $ | 824 |  |  | $ | 11,496 |  |  | $ | 9,382 |  |  | $ | 23,348 |
Cost of goods sold |  | 784 |  |  | 6,134 |  |  | 7,274 |  |  | 13,535 |
Gross profit |  | 40 |  |  | 5,362 |  |  | 2,108 |  |  | 9,813 |
Selling, general, and administrative expenses |  | 1,500 |  |  | 8,789 |  |  | 11,635 |  |  | 19,834 |
Operating loss |  | (1,460) |  |  | (3,427) |  |  | (9,527) |  |  | (10,021) |
Interest income |  | — |  |  | 72 |  |  | 187 |  |  | 98 |
Other income (expense), net (1) |  | 560 |  |  | 1,315 |  |  | (583) |  |  | 207 |
Loss before income taxes |  | (900) |  |  | (2,040) |  |  | (9,923) |  |  | (9,716) |
Provision (benefit) for income taxes |  | (332) |  |  | 87 |  |  | (36) |  |  | 177 |
Loss from discontinued operations, net of income taxes |  | $ | (568) |  |  | $ | (2,127) |  |  | $ | (9,887) |  |  | $ | (9,893) |
(1) For the six months ended January 27, 2024, Other income (expense), net includes the loss from the release of historical foreign currency translation adjustments related to the exit of the UK business in the first quarter of fiscal 2024, Refer to Note 2, “Summary of Significant Accounting Policies” for further details.

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