XML 19 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill
 12 Months Ended
Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
NOTE 4 — Goodwill

The change in the carrying amount of goodwill was as follows:
 
 
July 31,
(In thousands)
 
2019
 
2018
Beginning balance
 
$
337,235

 
$
340,243

Goodwill adjustments and acquisitions during the period
 
563

 
(1,839
)
Effect of foreign currency exchange rates
 
(4,477
)
 
(1,169
)
Ending balance
 
$
333,321

 
$
337,235



In accordance with the guidance in ASC 350, goodwill is tested for impairment on an annual basis or upon the occurrence of circumstances that indicate that goodwill may be impaired. The Company’s annual impairment tests were performed during the fourth quarter of fiscal 2019 and 2018 and goodwill was not impaired.