XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.21.1

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Apr. 30, 2021
Fair Value Disclosures [Abstract] |
Summary Of Cash Equivalents Measured At Fair Value | The table below summarizes the Company’s cash equivalents, other current assets, Interest Rate Swaps and Contingent Consideration measured at estimated fair value (all other assets and liabilities measured at fair value are immaterial) (in thousands).
|  | Estimated Fair Value Measurement as of April 30, 2021
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Money Market |  | $ | 253,809 |  |  | $ | 253,809 |  |  | $ | — |  |  | $ | — |
Commercial Paper |  | $ | 2,401 |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | — |
Certificates of Deposit |  | $ | 259,111 |  |  | $ | — |  |  | $ | 259,111 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Interest Rate Swaps |  | $ | 12,938 |  |  | $ | — |  |  | $ | 12,938 |  |  | $ | — |
Contingent Consideration |  | $ | 27,400 |  |  | $ | — |  |  | $ | — |  |  | $ | 27,400 |
|  | Estimated Fair Value Measurement as of July 31, 2020
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Money Market |  | $ | 203,158 |  |  | $ | 203,158 |  |  | $ | — |  |  | $ | — |
Commercial Paper |  | $ | 2,401 |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | — |
Certificates of Deposit |  | $ | 8,208 |  |  | $ | — |  |  | $ | 8,208 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Interest Rate Swaps |  | $ | 22,510 |  |  | $ | — |  |  | $ | 22,510 |  |  | $ | — |
Contingent Consideration |  | $ | 17,800 |  |  | $ | — |  |  | $ | — |  |  | $ | 17,800 |
|  | Estimated Fair Value Measurement as of April 30, 2020
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Money Market |  | $ | 3,054 |  |  | $ | 3,054 |  |  | $ | — |  |  | $ | — |
Commercial Paper |  | $ | 2,401 |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | — |
Certificates of Deposit |  | $ | 7,718 |  |  | $ | — |  |  | $ | 7,718 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Interest Rate Swaps |  | $ | 21,013 |  |  | $ | — |  |  | $ | 21,013 |  |  | $ | — |
Contingent Consideration |  | $ | 15,500 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,500 |
The Company’s cash equivalents, other current assets and Interest Rate Swaps are measured utilizing quoted market prices or pricing models whereby all significant inputs are either observable or corroborated by observable market data. The estimated fair value of the Interest Rate Swaps are included within other long-term liabilities and accumulated other comprehensive income (loss) on the Company’s Consolidated Condensed Balance Sheet as of April 30, 2021. The changes in Contingent Consideration during the nine months ended April 30, 2021 and 2020 were as follows (in thousands):
Balance as of July 31, 2020 and 2019, respectively |  | $ | 17,800 |  |  | $ | 27,200 |
Payments |  | (2,602) |  |  | (6,436) |
Change in estimated fair value |  | 12,202 |  |  | (5,264) |
Balance as of April 30, 2021 and 2020, respectively |  | $ | 27,400 |  |  | $ | 15,500 |

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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