Fair Value Measures

6 Months Ended

Jan. 31, 2018

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, 2018				July 31, 2017
(In thousands)	Fair Value Total		Significant Observable Inputs (Level II)		Fair Value Total		Significant Observable Inputs (Level II)
Assets
Cash equivalents	$	7,571	$	7,571	$	3,498	$	3,498
Total Assets	$	7,571	$	7,571	$	3,498	$	3,498
Liabilities
Long-term fixed rate debt, including current portion	$	387,305	$	387,305	$	400,908	$	400,908
Revolving loan facility	110,700		110,700		231,000		231,000
Total Liabilities	$	498,005	$	498,005	$	631,908	$	631,908

During the six months ended January 31, 2018, 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.