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Equity Investments (Tables)

3 Months Ended

Oct. 31, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Equity Investments

Equity investments consist of the following:

 Schedule of Equity Investments 

		October 31, 2024				July 31, 2024
		(in thousands)
Zedge, Inc. Class B common stock, 42,282 shares at October 31, 2024 and July 31, 2024		$	130			$	153
Rafael Holdings, Inc. Class B common stock, 278,810 shares at October 31, 2024 and July 31, 2024			516				416
Other marketable equity securities			53				70
Fixed income mutual funds			4,372				4,370
Current equity investments		$	5,071			$	5,009
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”)		$	758			$	695
Visa Inc. Series A Convertible Participating Preferred Stock (“Visa Series A Preferred”)			—				877
Convertible preferred stock—equity method investment			1,231				1,338
Hedge funds			2,878				2,883
Other			2,225				725
Noncurrent equity investments		$	7,092			$	6,518

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 

		2024				2023
		Three Months Ended October 31,
		2024				2023
		(in thousands)
Balance, beginning of period		$	964			$	1,632
Adjustment for observable transactions involving a similar investment from the same issuer			63				(14	)
Upward adjustment			—				129
Impairments			—				—
Balance, end of the period		$	1,027			$	1,747

Schedule of Unrealized Gains (losses) Gains for All Equity Investments

Unrealized gains (losses) for all equity investments measured at fair value included the following:

 Schedule of Unrealized Gains (losses) Gains for All Equity Investments 

		2024				2023
		Three Months Ended October 31,
		2024				2023
		(in thousands)
Net gains (losses) recognized during the period on equity investments		$	378			$	(917	)
Plus: net loss recognized during the period on equity investment sold during the period			2				—
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date		$	380			$	(917	)

The unrealized gains and losses for all equity investments measured at fair value in the table above included the following:

		2024				2023
		Three Months Ended October 31,
		2024				2023
		(in thousands)
Unrealized gains (losses) recognized during the period on equity investments:
Rafael Class B common stock		$	100			$	(62	)
Zedge Class B common stock		$	(23	)		$	(8	)
Equity securities unrealized gain loss		$	(23	)		$	(8	)

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 

		2024				2023
		Three Months Ended October 31,
		2024				2023
		(in thousands)
Balance, beginning of period		$	1,338			$	2,784
Purchase of convertible preferred stock			673				672
Equity in the net loss of investee			(438	)			(670	)
Amortization of equity method basis difference			(342	)			(342	)
Balance, end of period		$	1,231			$	2,444

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-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 321
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-Section 50
-Paragraph 3
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-Publisher FASB
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