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Derivative Instruments | 12 Months Ended
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Jul. 31, 2017
Derivative Instruments [Abstract] |
Derivative Instruments | Note 8—Derivative Instruments Prior to the Zedge Spin-Off, the primary risk managed by the Company using derivative instruments was foreign exchange risk. Foreign exchange forward contracts were entered into as hedges against unfavorable fluctuations in the U.S. dollar – Norwegian krone (“NOK”) exchange rate. Zedge is based in Norway and much of its operations are located in Norway. Subsequent to the Zedge Spin-Off, the Company provided hedging services to Zedge pursuant to its Transition Services Agreement (see Note 22) until Zedge established a credit facility and was able to enter into foreign exchange contracts. The Company did not apply hedge accounting to these contracts, therefore the changes in fair value were recorded in earnings. The effects of derivative instruments on the consolidated statements of income were as follows:
|  |  |  | Amount of Gain (Loss) Recognized on Derivatives |
|  |  |  | Year ended July 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Derivatives not designated or not qualifying as hedging instruments |  | Location of Gain (Loss) Recognized on Derivatives |  |  |  |  |  |  |  |  |
Foreign exchange forwards |  | Other income (expense), net |  | $ | — |  |  | $ | (145 | ) |  | $ | (58 | )

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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