Inventories

3 Months Ended

Oct. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following at:

	October 31, 2023		July 31, 2023
Raw materials and components	$	75,591,000	87,139,000
Work-in-process and finished goods	26,749,000		43,365,000
Total inventories	102,340,000		130,504,000
Less reserve for excess and obsolete inventories	16,900,000		24,659,000
Inventories, net	$	85,440,000	105,845,000

As of October 31, 2023 and July 31, 2023, the amount of inventory directly related to long-term contracts (including contracts-in-progress) was $4,575,000 and $5,911,000, respectively, and the amount of inventory related to contracts from third-party commercial customers who outsource their manufacturing to us was $2,707,000 and $3,277,000, respectively.