SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Level 3 (Tables)

12 Months Ended

Jul. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Short-Term Investments

The table below shows the composition of short-term investments as of July 31, 2018 (in thousands):

	2018
U.S. Treasury securities	$	3,992
Certificates of deposit	3,132
Short-term investments	$	7,124

Inventories

The composition of inventories was as follows as of July 31 (in thousands):

	2019		2018
Finished goods	$	13,957	$	14,223
Packaging	5,681		5,349
Other	4,525		2,949
Inventories	$	24,163	$	22,521

Estimated Intangible Amortization Expense

Our estimated intangible amortization expense for the next five fiscal years is as follows (in thousands):

2020	$	667
2021	$	484
2022	$	334
2023	$	201
2024	$	68

Acquired Finite-Lived Intangible Assets Weighted Average Amortization Period

The weighted average amortization period of our intangibles subject to amortization is as follows (in years):

	Weighted Average Amortization Period
Trademarks and patents	15.2
Debt issuance costs	1.1
Customer list	4.3
Total intangible assets subject to amortization	6.5

Property, Plant and Equipment Estimated Useful Lives

	Years
Buildings and leasehold improvements	3	-	40
Machinery and equipment
Packaging	2	-	20
Processing	2	-	25
Mining and other	3	-	20
Office furniture and equipment	2	-	15
Vehicles	2	-	15