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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jan. 27, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The tables below present the changes in AOCI by component and, if applicable, the reclassifications out of AOCI for the periods presented:
For the Three Months Ended
January 27, 2024January 28, 2023
(in thousands)Available-for-sale SecuritiesForeign Currency TranslationTotalAvailable-for-sale Securities Foreign Currency TranslationTotal
Beginning balance$(481)$— $(481)$(2,526)$(2,799)$(5,325)
Other comprehensive income before reclassifications (1)
49 — 49 941 2,501 3,442 
Net change in AOCI49 — 49 941 2,501 3,442 
Ending balance$(432)$— $(432)$(1,585)$(298)$(1,883)
For the Six Months Ended
January 27, 2024January 28, 2023
(in thousands)Available-for-sale SecuritiesForeign Currency TranslationTotalAvailable-for-sale SecuritiesForeign Currency TranslationTotal
Beginning balance$(602)$1,129 $527 $(2,340)$(1,187)$(3,527)
Other comprehensive income (loss) before reclassifications (1)
170 (2,274)(2,104)773 889 1,662 
Amounts reclassified from AOCI— — — (18)— (18)
Release of cumulative foreign currency translation adjustments associated with discontinued operations (2)
— 1,145 1,145 — — — 
Net change in AOCI170 (1,129)(959)755 889 1,644 
Ending balance$(432)$— $(432)$(1,585)$(298)$(1,883)
(1) There was no associated income tax effect for losses on available-for-sale securities for the three and six months ended January 27, 2024 or January 28, 2023, as we have recorded a valuation allowance against these deferred tax balances.
(2) During the first quarter of fiscal 2024, we ceased operations of our UK business and the accounting requirements for reporting the UK business as a discontinued operation were met. Accordingly, in the first quarter of fiscal 2024, we reclassified historical foreign currency translation losses, which were previously recognized in AOCI, from stockholders’ equity to loss from discontinued operations, net of income taxes in the condensed consolidated statements of operations and comprehensive loss. Refer to Note 2, “Summary of Significant Accounting Policies” and Note 12, “Discontinued Operations” for further details