Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2024

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, 2024
Debt securities	$	23,579	$	5,805	$	—		$	29,384
Equity investments included in current assets		4,844		—		—			4,844
Equity investments included in noncurrent assets		—		500		1,425			1,925
Total	$	28,423	$	6,305	$	1,425		$	36,153
Acquisition consideration included in:
Other current liabilities	$	—	$	—	$	(190	)	$	(190	)
Other noncurrent liabilities		—		—		(2,722	)		(2,722	)
Total	$	—	$	—	$	(2,912	)	$	(2,912	)
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 April 30,					Nine Months Ended April 30,
	2024			2023		2024		2023
	(in thousands)
Balance, beginning of period	$	1,450		$	1,225	$	1,263	$	1,132
Total (losses) gains included in “Other expense, net”		(25	)		13		162		106
Balance, end of period	$	1,425		$	1,238	$	1,425	$	1,238
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,
	2024			2023			2024			2023
	(in thousands)
Balance, beginning of period	$	4,517		$	6,609		$	4,805		$	8,546
Payments		(1,650	)		(1,800	)		(1,864	)		(2,175	)
Total losses (gains) included in:
“Other operating expense, net”		—			216			(73	)		(1,349	)
Interest expense included in “Interest income, net”		45			97			45			97
“Foreign currency translation adjustment”		—			2			(1	)		5
Balance, end of period	$	2,912		$	5,124		$	2,912		$	5,124
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period	$	—		$	—		$	—		$	—