Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2020

Fair Value Disclosures [Abstract]

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:

	April 30, 2020
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Money markets	$	107	$	—	$	—	$	107
Total assets	$	107	$	—	$	—	$	107
Current portion of long-term debt:
Financing component of interest rate swap	—		1,914		—		1,914
Accrued expenses:
Contingent consideration	—		—		1,638		1,638
Interest rate swap	—		3,483		—		3,483
Long-term debt:
Financing component of interest rate swap	—		6,381		—		6,381
Other long-term liabilities:
Interest rate swap	—		8,121		—		8,121
Total liabilities	$	—	$	19,899	$	1,638	$	21,537

	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 (Earnouts)		Hu-Friedy Contingent Consideration (Stock Price)		Total
Balance, July 31, 2019	$	1,411	$	—	$	—	$	1,411
Acquisitions	—		35,100		3,272		38,372
Fair value adjustments included in general and administrative expenses	227		(10,100)		3,450		(6,423)
Settlements/payments	—		(25,000)		(6,722)		(31,722)
Balance, April 30, 2020	$	1,638	$	—	$	—	$	1,638