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Fair Value Measures | 12 Months Ended
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Jul. 31, 2021
Fair Value Disclosures [Abstract] |
Fair Value Measures | NOTE 9 – Fair Value Measures The following table summarizes the carrying values and fair values of the Company’s financial instruments that were not carried at fair value in the consolidated balance sheets:
| July 31, 2021 |  | July 31, 2020
(In thousands) | Carrying Value Total |  |  |  | Fair Value Total |  | Carrying Value Total |  |  |  | Fair Value Total
Assets |  |  |  |  |  |  |  |  |  |  |
Cash equivalents | $ | 754,300 |  |  |  |  | $ | 754,304 |  |  | $ | 11,483 |  |  |  |  | $ | 11,483 |
Total Assets | $ | 754,300 |  |  |  |  | $ | 754,304 |  |  | $ | 11,483 |  |  |  |  | $ | 11,483 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term fixed rate debt, including current portion | $ | 399,733 |  |  |  |  | $ | 432,027 |  |  | $ | 399,698 |  |  |  |  | $ | 449,731 |
Total Liabilities | $ | 399,733 |  |  |  |  | $ | 432,027 |  |  | $ | 399,698 |  |  |  |  | $ | 449,731 |
During the year ended July 31, 2021, no transfers were made between any levels within the fair value hierarchy. The fair value of the Senior Notes is based on the discounted value of each interest and principal payment calculated utilizing market interest rates of similar types of borrowing arrangements and was classified within Level II of the fair value hierarchy. See Note 1 — Summary of Significant Accounting Policies and Note 8 — Long-Term Debt.

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