Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2019

Fair Value Disclosures [Abstract]

Summary Of Cash Equivalents Measured At Fair Value

The table below summarizes the Company’s cash equivalents, other current assets and Contingent Consideration measured at estimated fair value (all other assets and liabilities measured at fair value are immaterial) (in thousands). 

	Estimated Fair Value Measurement as of April 30, 2019
Description	Total		Level 1		Level 2		Level 3
Assets:
Money Market	$	3,037	$	3,037	$	—	$	—
Commercial Paper	$	2,401	$	—	$	2,401	$	—
Certificates of Deposit	$	10,092	$	—	$	10,092	$	—
Liabilities:
Contingent Consideration	$	25,300	$	—	$	—	$	25,300
	Estimated Fair Value Measurement as of July 31, 2018
Description	Total		Level 1		Level 2		Level 3
Assets:
Money Market	$	3,021	$	3,021	$	—	$	—
Commercial Paper	$	2,401	$	—	$	2,401	$	—
Certificates of Deposit	$	11,249	$	—	$	11,249	$	—
Liabilities:
Contingent Consideration	$	21,900	$	—	$	—	$	21,900
	Estimated Fair Value Measurement as of April 30, 2018
Description	Total		Level 1		Level 2		Level 3
Assets:
Money Market	$	3,017	$	3,017	$	—	$	—
Commercial Paper	$	2,401	$	—	$	2,401	$	—
Certificates of Deposit	$	6,849	$	—	$	6,849	$	—
Liabilities:
Contingent Consideration	$	21,300	$	—	$	—	$	21,300

The Company’s cash equivalents and other current assets are measured utilizing quoted market prices or pricing models whereby all significant inputs are either observable or corroborated by observable market data. 

The changes in Contingent Consideration during the nine months ended April 30, 2019 and 2018 were as follows (in thousands):

Balance as of July 31, 2018 and 2017, respectively	$	21,900		$	27,400
Payments	(67		)	(3,646		)
Change in estimated fair value	3,467			(2,454		)
Balance as of April 30, 2019 and 2018, respectively	$	25,300		$	21,300