XML 40 R25.htm IDEA: XBRL DOCUMENT v3.25.0.1

Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2025

Fair Value Disclosures [Abstract]

Summary Of Cash Equivalents Measured At Fair Value

The table below summarizes the Company’s cash equivalents, restricted cash, 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 January 31, 2025
Description						Total						Level 1						Level 2						Level 3
Assets:
Money Market						$	135,262					$	135,262					$	—					$	—
Commercial Paper						$	2,401					$	—					$	2,401					$	—
Certificates of Deposit						$	83,338					$	—					$	83,338					$	—
Liabilities:
Contingent Consideration						$	86,100					$	—					$	—					$	86,100
						Estimated Fair Value Measurement as of July 31, 2024
Description						Total						Level 1						Level 2						Level 3
Assets:
Money Market						$	896					$	896					$	—					$	—
Commercial Paper						$	2,401					$	—					$	2,401					$	—
Certificates of Deposit						$	101,989					$	—					$	101,989					$	—
Interest Rate Swaps						$	2,343					$	—					$	2,343					$	—
Liabilities:
Contingent Consideration						$	104,200					$	—					$	—					$	104,200
						Estimated Fair Value Measurement as of January 31, 2024
Description						Total						Level 1						Level 2						Level 3
Assets:
Money Market						$	102,608					$	102,608					$	—					$	—
Commercial Paper						$	2,401					$	—					$	2,401					$	—
Certificates of Deposit						$	240,450					$	—					$	240,450					$	—
Interest Rate Swaps						$	9,115					$	—					$	9,115					$	—
Liabilities:
Contingent Consideration						$	62,700					$	—					$	—					$	62,700

The Company’s cash equivalents, restricted cash, 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 interest rate swaps expired on September 23, 2024 and therefore had no estimated fair value as of January 31, 2025. The estimated fair value of the interest rate swaps was included within other current assets on the Company’s Consolidated Balance Sheet as of July 31, 2024 and Consolidated Condensed Balance Sheet as of January 31, 2024.

The changes in Contingent Consideration during the six months ended January 31, 2025 and 2024 were as follows (in thousands):

Balance as of July 31, 2024 and 2023, respectively						$	104,200					$	73,300
Payments						(20,279)						(17,057)
Change in estimated fair value						2,179						6,457
Balance as of January 31, 2025 and 2024, respectively						$	86,100					$	62,700

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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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