Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 2019

Schedule of fair values of financial instruments measured on a recurring basis

The fair values of our financial instruments measured on a recurring basis were categorized as follows:



	October 31, 2019
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Money markets	$	104	$	—	$	—	$	104
Prepaid and other current assets:
Interest rate swap	—		1,119		—		1,119
Other Assets:
Interest rate swap	—		3,812		—		3,812
Total assets	$	104	$	4,931	$	—	$	5,035

Accrued expenses:
Contingent consideration	—		—		1,668		1,668
Other long-term liabilities:
Contingent consideration	—		—		35,100		35,100
Total liabilities	$	—	$	—	$	36,768	$	36,768



	July 31, 2019
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Money markets	$	104	$	—	$	—	$	104
Prepaid expenses and other current assets:
Interest rate swap	—		486		—		486
Other Assets:
Interest rate swap	—		2,826		—		2,826
Total assets	$	104	$	3,312	$	—	$	3,416

Other long-term liabilities:
Contingent consideration	—		—		1,411		1,411
Total liabilities	$	—	$	—	$	1,411	$	1,411

Level 3 activity of financial liabilities

A reconciliation of our liabilities that are measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows:



	Aexis Contingent Consideration		Hu-Friedy Contingent Consideration		Total
Balance, July 31, 2019	$	1,411	$	—	$	1,411
Fair value adjustments included in general and administrative expenses	257		—		257
Acquisitions and settlements, net	—		35,100		35,100
Balance, October 31, 2019	$	1,668	$	35,100	$	36,768