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Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Balance of Assets Measured at Fair Value On a Recurring Basis

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis:

 Schedule of Balance of Assets Measured at Fair Value On a Recurring Basis

		Level 1 (1)				Level 2 (2)				Level 3 (3)				Total
		(in thousands)
January 31, 2022
Debt securities		$	1,603			$	13,887			$	—			$	15,490
Equity investments included in current assets			28,494				—				—				28,494
Equity investments included in noncurrent assets			—				—				2,261				2,261
Total		$	30,097			$	13,887			$	2,261			$	46,245
Contingent consideration included in:
Other current liabilities		$	—			$	—			$	(628	)		$	(628	)
Other noncurrent liabilities			—				—				(75	)			(75	)
Total		$	—			$	—			$	(703	)		$	(703	)
July 31, 2021
Debt securities		$	1,652			$	12,360			$	—			$	14,012
Equity investments included in current assets			40,225				2,209				—				42,434
Equity investments included in noncurrent assets			—				—				2,465				2,465
Total		$	41,877			$	14,569			$	2,465			$	58,911
Contingent consideration included in:
Other current liabilities		$	—			$	—			$	(628	)		$	(628	)
Other noncurrent liabilities			—				—				(397	)			(397	)
Total		$	—			$	—			$	(1,025	)		$	(1,025	)

(1) – quoted prices in active markets for identical assets or liabilities

(2) – observable inputs other than quoted prices in active markets for identical assets and liabilities

(3) – no observable pricing inputs in the market

Schedule of Assets Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

 Schedule of Assets Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3)

		2022				2021				2022				2021
		Three Months Ended January 31,								Six Months Ended January 31,
		2022				2021				2022				2021
		(in thousands)
Balance, beginning of period		$	2,119			$	1,825			$	2,465			$	3,825
Purchase of Rafael Holdings, Inc. warrant			—				354				—				354
Redemption for Visa mandatory release assessment			—				—				—				(1,870	)
Total gains (losses) recognized in “Other (expense) income, net”			142				140				(204	)			10
Balance, end of period		$	2,261			$	2,319			$	2,261			$	2,319
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period		$	—			$	—			$	—			$	—

Schedule of Liabilities Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

 Schedule of Liabilities Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3)

		2022				2021				2022				2021
		Three Months Ended January 31,								Six Months Ended January 31,
		2022				2021				2022				2021
		(in thousands)
Balance, beginning of period		$	1,015			$	391			$	1,025			$	396
Transfer into Level 3 from acquisitions			—				393				—				393
Total (gain) loss included in:
“Other operating (expense) gain, net”			(303	)			—				(303	)			—
“Foreign currency translation adjustment”			(9	)			15				(19	)			10
Balance, end of period		$	703			$	799			$	703			$	799
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period		$	—			$	—			$	—			$	—

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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