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Fair Value Measurements
 9 Months Ended
May 03, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Our financial instruments consist of cash, cash equivalents, investments, accounts receivable, accounts payable, and accrued liabilities. At May 3, 2025, and August 3, 2024, the carrying values of cash, accounts receivable, accounts payable, and accrued liabilities approximated fair value due to their short-term nature. We measure our cash equivalents and investments at fair value within Level 1 or Level 2 of the fair value hierarchy because we value these investments using unadjusted, quoted market prices; or alternative pricing sources and models utilizing market observable inputs, respectively. Further, the Company measures the fair value of certain lease right of use assets and other long-lived assets subject to long-lived asset impairment using Level 3 unobservable inputs.
Our cash equivalents and investments, which were accounted for as available-for-sale securities and were measured at fair value on a recurring basis as of May 3, 2025, and August 3, 2024, were as follows:
 May 3, 2025August 3, 2024
(in thousands)Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash equivalents:
Money market funds$68,595 $— $— $68,595 $84,594 $— $— $84,594 
Investments:
U.S. Treasury securities10,478 — — 10,478 13,603 — — 13,603 
Corporate bonds (1)
— 110,364 — 110,364 — 67,527 — 67,527 
Asset backed securities— 6,742 — 6,742 — — — — 
Yankee bonds— 5,602 — 5,602 — — — — 
U.S. Agency securities— — — — — 2,976 — 2,976 
Total$79,073 $122,708 $— $201,781 $98,197 $70,503 $— $168,700 
(1) For May 3, 2025, corporate bonds includes both short-term investments with remaining maturities of less than one year, and long-term investments with remaining maturities over one year and less than five years.
There were no transfers of financial assets or liabilities into or out of Level 1, Level 2, or Level 3 during the three and nine months ended May 3, 2025, or April 27, 2024.
The following table sets forth the amortized cost, gross unrealized gains and losses, and fair values of our investments, which are accounted for as available-for-sale securities, as of May 3, 2025, and August 3, 2024:
May 3, 2025August 3, 2024
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Investments:
U.S. Treasury securities$10,475 $3 $— $10,478 $13,588 $16 $(1)$13,603 
Corporate bonds110,387 19 (42)110,364 67,451 88 (12)67,527 
Asset backed securities6,740 2 — 6,742 — — — — 
Yankee bonds5,597 7 (2)5,602 — — — — 
U.S. Agency securities— — — — 2,973 3 — 2,976 
Total$133,199 $31 $(44)$133,186 $84,012 $107 $(13)$84,106 
No significant available-for-sale securities held as of the periods presented have been in a continuous unrealized loss position for more than 12 months as of May 3, 2025 and August 3, 2024.