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Equity (Tables)

12 Months Ended

Jul. 31, 2017

	Warrants			Weighted- average Exercise Price		Weighted- average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding as of August 1, 2016		—		$	—		—	$	—
Granted		259,060			38.56
Exercised		(147,682	)		34.70
Cancelled/Forfeited		—			—
Outstanding and exercisable as of July 31, 2017		111,378		$	43.68		1.4	$	15,118

Schedule of warrants and excercisable

	Warrants Outstanding and Exercisable
	Number Outstanding		Weighted- Average Remaining Life In Years		Weighted- Average Exercise Price		Number Exercisable
Exercise prices:
$ 34.70		104,479		1.4	$	34.70		104,479
$ 179.62		6,899		1.4		179.62		6,899
		111,378		1.4	$	43.68		111,378

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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