Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2021

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis at April 30, 2021 were as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Cash equivalents*	$	127,001	$	—	$	—	$	127,001
Deferred compensation plan assets**								31,519
Total assets at fair value							$	158,520
Interest rate swap liability (see Note 6)	$	—	$	18,442	$	—	$	18,442
Total liabilities at fair value	$	—	$	18,442	$	—	$	18,442

The Company’s assets and liabilities measured at fair value on a recurring basis at July 31, 2020 were as follows:

	Level 1		Level 2		Level 3		Total Fair Value
Cash equivalents*	$	132,001	$	—	$	—	$	132,001
Deferred compensation plan assets**								28,530
Total assets at fair value							$	160,531
Interest rate swap liability (see Note 6)	$	—	$	27,746	$	—	$	27,746
Total liabilities at fair value	$	—	$	27,746	$	—	$	27,746

*Consists of money market fund investments.

**Represents plan assets invested in mutual funds established under a rabbi trust for the Company’s non-qualified savings plan and is included in the Condensed Consolidated Balance Sheets as other assets.