Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2022

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, 2022
Debt securities	$	10,885	$	11,821	$	—		$	22,706
Equity investments included in current assets		16,179		—		—			16,179
Equity investments included in noncurrent assets		—		—		2,131			2,131
Total	$	27,064	$	11,821	$	2,131		$	41,016
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(2,578	)	$	(2,578	)
Other noncurrent liabilities		—		—		(5,970	)		(5,970	)
Total	$	—	$	—	$	(8,548	)	$	(8,548	)
July 31, 2021
Debt securities	$	1,652	$	12,360	$	—		$	14,012
Equity investments included in current assets		40,225		2,209		—			42,434
Equity investments included in noncurrent assets		—		—		2,465			2,465
Total	$	41,877	$	14,569	$	2,465		$	58,911
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(628	)	$	(628	)
Other noncurrent liabilities		—		—		(397	)		(397	)
Total	$	—	$	—	$	(1,025	)	$	(1,025	)

(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,
	2022			2021			2022			2021
	(in thousands)
Balance, beginning of period	$	2,261		$	2,319		$	2,465		$	3,825
Purchase of Rafael Holdings, Inc. warrant		—			—			—			354
Exercise of Rafael Holdings, Inc. warrant		—			(380	)		—			(380	)
Redemption for Visa mandatory release assessment		—			—			—			(1,870	)
Total (losses) gains recognized in “Other (expense) income, net”		(130	)		404			(334	)		414
Balance, end of period	$	2,131		$	2,343		$	2,131		$	2,343
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,
	2022			2021			2022			2021
	(in thousands)
Balance, beginning of period	$	703		$	799		$	1,025		$	396
Transfer into Level 3 from acquisitions		7,849			—			7,849			393
Total (gain) loss included in:
“Other operating (expense) gain, net”		—			—			(303	)		—
“Foreign currency translation adjustment”		(4	)		(4	)		(23	)		6
Balance, end of period	$	8,548		$	795		$	8,548		$	795
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period	$	—		$	—		$	—		$	—