Fair Value Measures

6 Months Ended

Jan. 31, 2017

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:



	January 31, 2017				July 31, 2016
(In thousands)	Fair Value Total		Significant Observable Inputs (Level II)		Fair Value Total		Significant Observable Inputs (Level II)
Assets
Cash equivalents	$	10,449	$	10,449	$	8,422	$	8,422
Total Assets	$	10,449	$	10,449	$	8,422	$	8,422
Liabilities
Long-term fixed rate debt, including current portion	$	396,093	$	396,093	$	430,375	$	430,375
Revolving loan facility	310,000		310,000		238,000		238,000
Total Liabilities	$	706,093	$	706,093	$	668,375	$	668,375

During the six months ended January 31, 2017, 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.