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Equity Investments (Tables)
 12 Months Ended
Jul. 31, 2024
Cash and Cash Equivalents [Abstract]  
Schedule of Equity Investments

Equity investments consist of the following:

 

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:

 

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)
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