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Equity Investments (Tables) | 12 Months Ended
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Jul. 31, 2024
Cash and Cash Equivalents [Abstract] |
Schedule of Equity Investments | Equity investments consist of the following: Schedule of Equity Investments
July 31 (in thousands) |  | 2024 |  |  | 2023 |
Zedge, Inc. Class B common stock, 42,282 shares at July 31, 2024 and 2023 |  | $ | 153 |  |  | $ | 89 |
Rafael Holdings, Inc. Class B common stock, 278,810 shares at July 31, 2024 and 2023 |  |  | 416 |  |  |  | 558 |
Other marketable equity securities |  |  | 70 |  |  |  | 1,497 |
Fixed income mutual funds |  |  | 4,370 |  |  |  | 4,054 |
Current equity investments |  | $ | 5,009 |  |  | $ | 6,198 |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) |  | $ | 695 |  |  | $ | 1,263 |
Visa Inc. Series A Convertible Participating Preferred Stock (“Visa Series A Preferred”) |  |  | 877 |  |  |  | — |
Convertible preferred stock—equity method investment |  |  | 1,338 |  |  |  | 2,784 |
Hedge funds |  |  | 2,883 |  |  |  | 3,002 |
Other |  |  | 725 |  |  |  | 2,825 |
Noncurrent equity investments |  | $ | 6,518 |  |  | $ | 9,874 |
Schedule of Carrying Value of Equity Investments | The changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company elected the measurement alternative was as follows: Schedule of Carrying Value of Equity Investments
Year ended July 31 (in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Balance, beginning of period |  | $ | 1,632 |  |  | $ | 1,501 |  |  | $ | 2,743 |
Upward adjustment |  |  | 130 |  |  |  | — |  |  |  | — |
Redemption for Visa Series C Preferred mandatory release assessment |  |  | (877 | ) |  |  | — |  |  |  | (1,230 | )
Purchase |  |  | — |  |  |  | — |  |  |  | 100 |
Adjustment for observable transactions involving a similar investment from the same issuer |  |  | 309 |  |  |  | 131 |  |  |  | (103 | )
Redemptions |  |  | (230 | ) |  |  | — |  |  |  | (9 | )
Impairments |  |  | — |  |  |  | — |  |  |  | — |
BALANCE, END OF PERIOD |  | $ | 964 |  |  | $ | 1,632 |  |  | $ | 1,501 |
Schedule of Unrealized Gains (losses) Gains for All Equity Investments | Unrealized gains and losses for all equity investments measured at fair value included the following: Schedule of Unrealized Gains (losses) Gains for All Equity Investments
Year ended July 31 (in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Net gains (losses) recognized during the period on equity investments |  | $ | 229 |  |  | $ | (2,613 | ) |  | $ | (19,248 | )
Less: net gains recognized during the period on equity investments sold during the period |  |  | 130 |  |  |  | 18 |  |  |  | 10 |
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date |  | $ | 99 |  |  | $ | (2,631 | ) |  | $ | (19,258 | )
The unrealized losses and gains for all equity investments measured at fair value in the table above included the following:
Year ended July 31 (in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Unrealized (losses) gains recognized during the period on equity investments: |  |  |  |  |  |  |  |  |  |  |  |
Rafael Class B common stock |  | $ | (142 | ) |  | $ | (7 | ) |  | $ | (14,101 | )
Zedge Class B common stock |  | $ | 64 |  |  | $ | (28 | ) |  | $ | (533 | )
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date |  | $ | 99 |  |  | $ | (2,631 | ) |  | $ | (19,258 | )
Summary of Changes in Equity Method Investments | The following table summarizes the change in the balance of the Company’s equity method investment: Summary of Changes in Equity Method Investments
Year ended July 31 (in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Balance, beginning of period |  | $ | 2,784 |  |  | $ | 1,001 |  |  | $ | 2,901 |
Purchase of convertible preferred stock |  |  | 2,017 |  |  |  | 840 |  |  |  | 1,051 |
Conversion of secured promissory notes into convertible preferred stock |  |  | — |  |  |  | 4,038 |  |  |  | — |
Equity in the net loss of investee |  |  | (2,093 | ) |  |  | (2,153 | ) |  |  | (2,224 | )
Amortization of equity method basis difference |  |  | (1,370 | ) |  |  | (942 | ) |  |  | (727 | )
BALANCE, END OF PERIOD |  | $ | 1,338 |  |  | $ | 2,784 |  |  | $ | 1,001 |

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