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Fair Value Measures
6 Months Ended
Jan. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measures
NOTE 7 – 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, 2020
 
July 31, 2019
(In thousands)
 
Fair Value Total
 
Significant Observable Inputs (Level II)
 
Fair Value Total
 
Significant Observable Inputs (Level II)
Assets
 
 
 
 
 
 
 
 
Cash equivalents
 
$
12,376

 
$
12,376

 
$
12,389

 
$
12,389

Total Assets
 
$
12,376

 
$
12,376

 
$
12,389

 
$
12,389

Liabilities
 
 
 
 
 
 
 
 
Long-term fixed rate debt, including current portion
 
$
424,854

 
$
424,854

 
$
411,510

 
$
411,510

Revolving loan facility
 
13,600

 
13,600

 

 

Total Liabilities
 
$
438,454

 
$
438,454

 
$
411,510

 
$
411,510



During the six months ended January 31, 2020, no transfers were made between any levels within the fair value hierarchy. See Note 1 – Summary of Significant Accounting Policies, and Note 6 – Long-Term Debt.