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Variable Interest Entity | 3 Months Ended
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Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Variable Interest Entity | Note 9—Variable Interest Entity The Company is the primary beneficiary of a VIE that processes disbursement payments. The Company determined that, effective May 31, 2021, it had the power to direct the activities of the VIE that most significantly impact its economic performance, and the Company has the obligation to absorb losses of and the right to receive benefits from the VIE that could potentially be significant to it. As a result, the Company consolidates the VIE. The Company does not currently own any interest in the VIE and thus the net income incurred by the VIE was attributed to noncontrolling interests in the accompanying consolidated statements of income. The VIE’s net income and aggregate funding provided by the Company were as follows: Schedule of Net Income and Aggregate Funding Repaid to the Company by VIE
|  | 2024 |  |  | 2023 |
|  | Three Months Ended October 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Net income of the VIE |  | $ | 338 |  |  | $ | 81 |
Aggregate funding provided by the Company, net |  | $ | 55 |  |  | $ | 114 |
The VIE’s summarized consolidated balance sheet amounts are as follows: VIE’s Summarized Consolidated Balance Sheet
|  | October 31, 2024 |  |  | July 31, 2024 |
|  | (in thousands) |
Assets: |  |  |  |  |  |  |  |
Cash and equivalents |  | $ | 3,055 |  |  | $ | 2,626 |
Restricted cash |  |  | 15,289 |  |  |  | 7,426 |
Trade accounts receivable, net |  |  | 127 |  |  |  | 74 |
Disbursement prefunding |  |  | 1,323 |  |  |  | 2,587 |
Prepaid expenses |  |  | 359 |  |  |  | 258 |
Other current assets |  |  | 265 |  |  |  | 294 |
Property, plant, and equipment, net |  |  | 163 |  |  |  | 179 |
Other intangibles, net |  |  | 546 |  |  |  | 584 |
Total assets |  | $ | 21,127 |  |  | $ | 14,028 |
Liabilities and noncontrolling interests: |  |  |  |  |  |  |  |
Trade accounts payable |  | $ | — |  |  | $ | 4 |
Accrued expenses |  |  | 160 |  |  |  | 124 |
Customer funds deposits |  |  | 15,882 |  |  |  | 9,195 |
Due to the Company |  |  | 296 |  |  |  | 241 |
Accumulated other comprehensive income |  |  | 14 |  |  |  | 27 |
Noncontrolling interests |  |  | 4,775 |  |  |  | 4,437 |
Total liabilities and noncontrolling interests |  | $ | 21,127 |  |  | $ | 14,028 |
The VIE’s assets may only be used to settle the VIE’s obligations and may not be used for other consolidated entities. The VIE’s liabilities are non-recourse to the general credit of the Company’s other consolidated entities.

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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