XML 27 R15.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value Measurements
 6 Months Ended
Jan. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
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:
January 31, 2024July 31, 2023
(In thousands)Carrying Value TotalFair Value TotalCarrying Value TotalFair Value Total
Assets
Cash equivalents$962,655 $965,415 $674,980 $677,515 
Investment in held to maturity securities1,411,122 1,414,513 1,406,589 1,414,903 
Total Assets$2,373,777 $2,379,928 $2,081,569 $2,092,418 
Liabilities
Long-term fixed rate debt, including current portion$— $— $11,006 $11,006 
Total Liabilities$— $— $11,006 $11,006 
The Company has investments in U.S. Treasury Bills some of which mature over a period greater than 90 days and are classified as short-term investments. The U.S. Treasury Bills are carried at amortized cost and classified as held to maturity as the Company has the intent and the ability to hold them until they mature. The carrying value of the U.S. Treasury Bills are adjusted for accretion of discounts over the remaining life of the investment. Income related to the Treasury Bills is recognized in interest income in the Company’s consolidated statement of income. The U.S. Treasury Bills classified within Level I of the fair value hierarchy.

During the six months ended January 31, 2024, no transfers were made between any levels within the fair value hierarchy.