Inventories

6 Months Ended

Jan. 31, 2024

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

The composition of inventories is as follows (in thousands):

	January 31, 2024		July 31, 2023
Finished goods	$	24,596	$	21,943
Packaging	8,299		8,007
Spare parts	6,775		5,981
Other	6,560		6,681
Total Inventories	$	46,230	$	42,612

Inventories are valued at the lower of cost (first-in, first-out) or net realizable value. Inventory costs include the cost of raw materials, packaging supplies, labor, and other overhead costs. The Company maintains reserves against inventory to reduce the carrying value to the expected net realizable value. These reserves are based upon a combination of factors including historical issues and market trends. Inventory reserves were $3.5 million and $3.6 million as of January 31, 2024 and July 31, 2023, respectively.