XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FAIR VALUE MEASUREMENTS | 3 Months Ended
--- | ---
Oct. 31, 2017
Fair Value Disclosures [Abstract] |
FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS The fair value of our financial assets and liabilities measured on a recurring basis is as follows:
| As of July 31, 2017
| Level I |  | Level II |  | Level III |  | Total
| (in thousands)
Financial Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 34,784 |  |  | $ | — |  |  | $ | — |  |  | $ | 34,784 |
Commercial paper | — |  |  | 23,041 |  |  | — |  |  | 23,041 |
Short-term investments: |  |  |  |  |  |  |  |
Corporate bonds | — |  |  | 160,634 |  |  | — |  |  | 160,634 |
Commercial paper | — |  |  | 36,084 |  |  | — |  |  | 36,084 |
U.S. government securities | — |  |  | 13,976 |  |  |  |  | 13,976 |
Total measured at fair value | 34,784 |  |  | 233,735 |  |  | — |  |  | 268,519 |
Cash |  |  |  |  |  |  | 80,534 |
Total cash, cash equivalents and short-term investments |  |  |  |  |  |  | $ | 349,053 |
Financial Liabilities: |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 4,295 |  |  | $ | 4,295 |
| As of October 31, 2017
| Level I |  | Level II |  | Level III |  | Total
| (in thousands)
Financial Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 30,561 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,561 |
Commercial paper | — |  |  | 9,986 |  |  | — |  |  | 9,986 |
Short-term investments: |  |  |  |  |  |  |  |
Corporate bonds | — |  |  | 185,757 |  |  | — |  |  | 185,757 |
Commercial paper | — |  |  | 36,768 |  |  | — |  |  | 36,768 |
U.S. government securities | — |  |  | 10,961 |  |  | — |  |  | 10,961 |
Total measured at fair value | $ | 30,561 |  |  | $ | 243,472 |  |  | $ | — |  |  | 274,033 |
Cash |  |  |  |  |  |  | 91,912 |
Total cash, cash equivalents and short-term investments |  |  |  |  |  |  | $ | 365,945 |
Financial Liabilities: |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 4,577 |  |  | $ | 4,577 |
A summary of the changes in the fair value of our contingent consideration is as follows:
| Three Months Ended October 31,
| 2016 |  | 2017
| (in thousands)
Contingent consideration—beginning balance | $ | — |  |  | $ | 4,295 |
Assumed in a business acquisition | 2,371 |  |  | — |
Change in fair value* | 186 |  |  | 282 |
Contingent consideration—ending balance | $ | 2,557 |  |  | $ | 4,577 |
____________
* | Recorded in the condensed consolidated statements of operations within general and administrative expenses
We remeasure the fair value of our Level 3 contingent consideration liability using the Monte Carlo simulation on projected future payments. The fair value is determined by calculating the net present value of the expected payments using significant inputs that are not observable in the market, including the probability of achieving the milestone, estimated bookings and discount rates. The fair value of the contingent consideration will increase or decrease according to the movement of the inputs.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration