Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 2023

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, 2023
Debt securities	$	24,944	$	8,298	$	—		$	33,242
Equity investments included in current assets		4,761		—		—			4,761
Equity investments included in noncurrent assets		—		1,230		1,249			2,479
Total	$	29,705	$	9,528	$	1,249		$	40,482
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(1,834	)	$	(1,834	)
Other noncurrent liabilities		—		—		(2,754	)		(2,754	)
Total	$	—	$	—	$	(4,588	)	$	(4,588	)
July 31, 2023
Debt securities	$	31,038	$	11,376	$	—		$	42,414
Equity investments included in current assets		6,198		—		—			6,198
Equity investments included in noncurrent assets		—		2,500		1,263			3,763
Total	$	37,236	$	13,876	$	1,263		$	52,375
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(2,032	)	$	(2,032	)
Other noncurrent liabilities		—		—		(2,773	)		(2,773	)
Total	$	—	$	—	$	(4,805	)	$	(4,805	)

(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,
	2023			2022
	(in thousands)
Balance, beginning of period	$	1,263		$	1,132
Total losses included in “Other expense, net”		(14	)		(27	)
Balance, end of period	$	1,249		$	1,105
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,
	2023			2022
	(in thousands)
Balance, beginning of period	$	4,805		$	8,546
Payments		(214	)		(375	)
Total gain included in:
“Other operating gain, net”		—			(1,565	)
“Foreign currency translation adjustment”		(3	)		(3	)
Balance, end of period	$	4,588		$	6,603
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period	$	—		$	—