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Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 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 April 30, 2025
Description						Total						Level 1						Level 2						Level 3
Assets:
Money Market						$	52,213					$	52,213					$	—					$	—
Commercial Paper						$	2,401					$	—					$	2,401					$	—
Certificates of Deposit						$	158,062					$	—					$	158,062					$	—
Liabilities:
Contingent Consideration						$	88,000					$	—					$	—					$	88,000
						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 April 30, 2024
Description						Total						Level 1						Level 2						Level 3
Assets:
Money Market						$	114,570					$	114,570					$	—					$	—
Commercial Paper						$	2,401					$	—					$	2,401					$	—
Certificates of Deposit						$	136,533					$	—					$	136,533					$	—
Interest Rate Swaps						$	6,268					$	—					$	6,268					$	—
Liabilities:
Contingent Consideration						$	99,200					$	—					$	—					$	99,200

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 April 30, 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 April 30, 2024.

The changes in Contingent Consideration during the nine months ended April 30, 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						4,079						42,957
Balance as of April 30, 2025 and 2024, respectively						$	88,000					$	99,200

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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://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- References

No definition available.

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