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Fair Value Measurements (Tables) | 9 Months Ended
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Apr. 30, 2023
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 (defined below) 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, 2023
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Money Market |  | $ | 519,010 |  |  | $ | 519,010 |  |  | $ | — |  |  | $ | — |
Commercial Paper |  | $ | 2,401 |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | — |
Certificates of Deposit |  | $ | 107,590 |  |  | $ | — |  |  | $ | 107,590 |  |  | $ | — |
Interest Rate Swaps |  | $ | 16,707 |  |  | $ | — |  |  | $ | 16,707 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Contingent Consideration |  | $ | 71,100 |  |  | $ | — |  |  | $ | — |  |  | $ | 71,100 |
|  | Estimated Fair Value Measurement as of July 31, 2022
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Money Market |  | $ | 505,901 |  |  | $ | 505,901 |  |  | $ | — |  |  | $ | — |
Commercial Paper |  | $ | 2,401 |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | — |
Certificates of Deposit |  | $ | 9,473 |  |  | $ | — |  |  | $ | 9,473 |  |  | $ | — |
Interest Rate Swaps |  | $ | 12,301 |  |  | $ | — |  |  | $ | 12,301 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Contingent Consideration |  | $ | 42,400 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,400 |
|  | Estimated Fair Value Measurement as of April 30, 2022
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Money Market |  | $ | 504,612 |  |  | $ | 504,612 |  |  | $ | — |  |  | $ | — |
Commercial Paper |  | $ | 2,401 |  |  | $ | — |  |  | $ | 2,401 |  |  | $ | — |
Certificates of Deposit |  | $ | 9,556 |  |  | $ | — |  |  | $ | 9,556 |  |  | $ | — |
Interest Rate Swaps |  | $ | 13,216 |  |  | $ | — |  |  | $ | 13,216 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Contingent Consideration |  | $ | 43,700 |  |  | $ | — |  |  | $ | — |  |  | $ | 43,700 |
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 assets on the Company’s Consolidated Condensed Balance Sheets. The changes in Contingent Consideration during the nine months ended April 30, 2023 and 2022 were as follows (in thousands):
Balance as of July 31, 2022 and 2021, respectively |  | $ | 42,400 |  |  | $ | 29,600 |
Payments |  | (18,936) |  |  | (7,480) |
Change in estimated fair value |  | 47,636 |  |  | 21,580 |
Balance as of April 30, 2023 and 2022, respectively |  | $ | 71,100 |  |  | $ | 43,700 |

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- 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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