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Fair Value Measurements (Tables)
3 Months Ended
Oct. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of fair values of financial instruments measured on a recurring basis
The fair values of the Company’s financial instruments measured on a recurring basis were categorized as follows:
 
October 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 

 
 

 
 

 
 

Cash and cash equivalents:
 

 
 

 
 

 
 

Money markets
$
102

 
$

 
$

 
$
102

Total assets
$
102

 
$

 
$

 
$
102

Liabilities:
 

 
 

 
 

 
 

Accrued expenses:
 

 
 

 
 

 
 

Assumed contingent obligation

 

 

 

Contingent guaranteed obligation

 

 

 

Total accrued expenses

 

 

 

Long-term debt(1)

 
168,000

 

 
168,000

Other long-term liabilities:
 

 
 

 
 

 
 

Assumed contingent obligation

 

 

 

Contingent guaranteed obligation

 

 

 

Total other long-term liabilities:

 

 

 

Total liabilities
$

 
$
168,000

 
$

 
$
168,000

________________________________________________
(1)
Fair value estimated using Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active.
 
July 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 

 
 

 
 

 
 

Cash and cash equivalents:
 

 
 

 
 

 
 

Money markets
$
102

 
$

 
$

 
$
102

Total assets
$
102

 
$

 
$

 
$
102

Liabilities:
 

 
 

 
 

 
 

Accrued expenses:
 

 
 

 
 

 
 

Assumed contingent obligation

 

 
12

 
12

Contingent guaranteed obligation

 

 

 

Total accrued expenses

 

 
12

 
12

Long-term debt(1)

 
126,000

 

 
126,000

Other long-term liabilities:
 

 
 

 
 

 
 

Assumed contingent obligation

 

 
1,126

 
1,126

Contingent guaranteed obligation

 

 

 

Total other long-term liabilities:

 

 
1,126

 
1,126

Total liabilities
$

 
$
126,000

 
$
1,138

 
$
127,138

________________________________________________
(1)
Fair value estimated using Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active.