Fair Value Measures

9 Months Ended

Apr. 30, 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:



	April 30, 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	$	7,765	$	7,765	$	3,498	$	3,498
Total Assets	$	7,765	$	7,765	$	3,498	$	3,498
Liabilities
Long-term fixed rate debt, including current portion	$	380,823	$	380,823	$	400,908	$	400,908
Revolving loan facility	—		—		231,000		231,000
Total Liabilities	$	380,823	$	380,823	$	631,908	$	631,908

During the nine months ended April 30, 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.