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Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2023

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, 2023
Debt securities		$	23,764			$	6,013			$	—			$	29,777
Equity investments included in current assets			9,213				—				—				9,213
Equity investments included in noncurrent assets			—				—				1,225				1,225
Total		$	32,977			$	6,013			$	1,225			$	40,215
Acquisition consideration included in:
Other current liabilities		$	—			$	—			$	(2,275	)		$	(2,275	)
Other noncurrent liabilities			—				—				(4,334	)			(4,334	)
Total		$	—			$	—			$	(6,609	)		$	(6,609	)
July 31, 2022
Debt securities		$	13,734			$	8,569			$	—			$	22,303
Equity investments included in current assets			17,091				—				—				17,091
Equity investments included in noncurrent assets			—				1,230				1,132				2,362
Total		$	30,825			$	9,799			$	1,132			$	41,756
Acquisition consideration included in:
Other current liabilities		$	—			$	—			$	(2,578	)		$	(2,578	)
Other noncurrent liabilities			—				—				(5,968	)			(5,968	)
Total		$	—			$	—			$	(8,546	)		$	(8,546	)

(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) 

		Three Months Ended January 31,								Six Months Ended January 31,
		2023				2022				2023				2022
		(in thousands)
Balance, beginning of period		$	1,105			$	2,119			$	1,132			$	2,465
Total gains (losses) recognized in “Other income (expense), net”			120				142				93				(204	)
Balance, end of period		$	1,225			$	2,261			$	1,225			$	2,261
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) 

		Three Months Ended January 31,								Six Months Ended January 31,
		2023				2022				2023				2022
		(in thousands)
Balance, beginning of period		$	6,603			$	1,015			$	8,546			$	1,025
Payments			—				—				(375	)			—
Total (gains) losses included in:
“Other operating gain (expense), net”			—				(303	)			(1,565	)			(303	)
“Foreign currency translation adjustment”			6				(9	)			3				(19	)
Balance, end of period		$	6,609			$	703			$	6,609			$	703
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
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

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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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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-Publisher FASB
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

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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
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
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