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Fair Value Measures
 3 Months Ended
Oct. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measures
NOTE 4 – Fair Value Measures
The following table summarizes the fair value of the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis based on inputs used to derive their fair values:
 
 
October 31, 2016
 
July 31, 2016
(In thousands)
 
Fair Value Total
 
Significant Observable Inputs (Level II)
 
Fair Value Total
 
Significant Observable Inputs (Level II)
Assets
 
 
 
 
 
 
 
 
Cash equivalents
 
$
9,743

 
$
9,743

 
$
8,422

 
$
8,422

Total Assets
 
$
9,743

 
$
9,743

 
$
8,422

 
$
8,422

Liabilities
 
 
 
 
 
 
 
 
Long-term fixed rate debt, including current portion
 
$
415,757

 
$
415,757

 
$
430,375

 
$
430,375

Revolving loan facility
 
341,900

 
341,900

 
238,000

 
238,000

Total Liabilities
 
$
757,657

 
$
757,657

 
$
668,375

 
$
668,375



During the three months ended October 31, 2016, no transfers were made between any levels within the fair value hierarchy. See Note 1 – Summary of Significant Accounting Policies, and Note 2 – Long-Term Debt.