Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis:

	Level 1 (1)		Level 2 (2)		Level 3 (3)			Total
	(in thousands)
April 30, 2021
Debt securities	$	1,644	$	15,208	$	—		$	16,852
Equity investments included in current assets		26,759		10,827		—			37,586
Equity investments included in noncurrent assets		—		2,920		2,343			5,263
Total	$	28,403	$	28,955	$	2,343		$	59,701
Contingent consideration included in other noncurrent liabilities	$	—	$	—	$	(795	)	$	(795	)
July 31, 2020
Debt securities	$	2,498	$	15,865	$	—		$	18,363
Equity investments included in current assets		5,964		—		—			5,964
Equity investments included in noncurrent assets		—		—		3,825			3,825
Total	$	8,462	$	15,865	$	3,825		$	28,152
Contingent consideration included in other noncurrent liabilities	$	—	$	—	$	(396	)	$	(396	)

(1)	–	quoted prices in active markets for identical assets or liabilities
(2)	–	observable inputs other than quoted prices in active markets for identical assets and liabilities
(3)	–	no observable pricing inputs in the market

Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Three Months Ended April 30,						Nine Months Ended April 30,
	2021			2020			2021			2020
	(in thousands)
Balance, beginning of period	$	2,319		$	4,045		$	3,825		$	3,619
Purchase of Rafael Holdings, Inc. warrant		—			—			354			—
Exercise of Rafael Holdings, Inc. warrant		(380	)		—			(380	)		—
Redemption for Visa mandatory release assessment		—			—			(1,870	)		—
Total gains (losses) recognized in “Other income (expense), net”		404			(412	)		414			14
Balance, end of period	$	2,343		$	3,633		$	2,343		$	3,633
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period	$	—		$	—		$	—		$	—

Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Three Months Ended April 30,						Nine Months Ended April 30,
	2021			2020			2021		2020
	(in thousands)
Balance, beginning of period	$	799		$	370		$	396	$	—
Transfer into Level 3 from acquisitions (see Note 9)		—			—			393		375
Total (gains) losses included in “Foreign currency translation adjustment”		(4	)		(5	)		6		(10	)
Balance, end of period	$	795		$	365		$	795	$	365
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period	$	—		$	—		$	—	$	—