Fair Value Measurements (Tables)

12 Months Ended

Jul. 31, 2021

Summary Of Cash Equivalents Measured At Fair Value

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


	Estimated Fair Value Measurement as of July 31, 2021
Description	Total		Level 1		Level 2		Level 3
Assets:
Money Market	$	253,782	$	253,782	$	—	$	—
Commercial Paper	$	2,401	$	—	$	2,401	$	—
Certificates of Deposit	$	259,945	$	—	$	259,945	$	—
Liabilities:
Interest Rate Swaps	$	12,942	$	—	$	12,942	$	—
Contingent Consideration	$	29,600	$	—	$	—	$	29,600

	Estimated Fair Value Measurement as of July 31, 2020
Description	Total		Level 1		Level 2		Level 3
Assets:
Money Market	$	203,158	$	203,158	$	—	$	—
Commercial Paper	$	2,401	$	—	$	2,401	$	—
Certificates of Deposit	$	8,208	$	—	$	8,208	$	—

Liabilities:
Interest Rate Swaps	$	22,510	$	—	$	22,510	$	—
Contingent Consideration	$	17,800	$	—	$	—	$	17,800

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The changes in Contingent Consideration during the years ended July 31, 2021 and 2020 were as follows (in thousands):


	Contingent Consideration
Balance as of July 31, 2019	$	27,200
Payment	(6,436)
Change in estimated fair value	(2,964)
Balance as of July 31,2020	17,800
Payment	(2,602)
Change in estimated fair value	14,402
Balance as of July 31, 2021	$	29,600