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Investments in Affiliates
12 Months Ended
Jul. 31, 2021
Long-term Investments [Abstract]  
Investments in Affiliates Investments in Affiliates
The Company held the following investments in equity method affiliates as of July 31, 2021:
Equity Method AffiliatesOwnership
Interest
Slifer, Smith, and Frampton/Vail Associates Real Estate, LLC (“SSF/VARE”)50%
KRED50%
Clinton Ditch and Reservoir Company43%
The Company had total net investments in equity method affiliates of $10.6 million and $10.2 million as of July 31, 2021 and 2020, respectively, included within deferred charges and other assets in the accompanying Consolidated Balance Sheets. The amount of retained earnings that represent undistributed earnings of 50% or less owned entities accounted for by the equity method was $6.8 million and $6.5 million as of July 31, 2021 and 2020, respectively. During the years ended July 31, 2021, 2020 and 2019, distributions in the amounts of $6.4 million, $0.7 million and $1.0 million, respectively, were received from equity method affiliates.