Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 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)
October 31, 2022
Debt securities	$	13,780	$	6,031	$	—		$	19,811
Equity investments included in current assets		9,369		—		—			9,369
Equity investments included in noncurrent assets		—		—		1,105			1,105
Total	$	23,149	$	6,031	$	1,105		$	30,285
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(2,203	)	$	(2,203	)
Other noncurrent liabilities		—		—		(4,400	)		(4,400	)
Total	$	—	$	—	$	(6,603	)	$	(6,603	)
July 31, 2022
Debt securities	$	13,734	$	8,569	$	—		$	22,303
Equity investments included in current assets		17,091		—		—			17,091
Equity investments included in noncurrent assets		—		1,230		1,132			2,362
Total	$	30,825	$	9,799	$	1,132		$	41,756
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(2,578	)	$	(2,578	)
Other noncurrent liabilities		—		—		(5,968	)		(5,968	)
Total	$	—	$	—	$	(8,546	)	$	(8,546	)

(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 October 31,
	2022			2021
		(in thousands)
Balance, beginning of period	$	1,132		$	2,465
Total losses included in “Other expense, net”		(27	)		(346	)
Balance, end of period	$	1,105		$	2,119
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 October 31,
	2022			2021
		(in thousands)
Balance, beginning of period	$	8,546		$	1,025
Payments		(375	)		—
Total gains included in:
“Other operating gain (expense), net”		(1,565	)		—
“Foreign currency translation adjustment”		(3	)		(10	)
Balance, end of period	$	6,603		$	1,015
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period	$	—		$	—