Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2014

Assets and Liabilities Measured and Carried at Fair Value

The tables below present information about our assets and liabilities that are regularly measured and carried at fair value and indicate the level within the fair value hierarchy of the valuation techniques we utilized to determine such fair value:

(in millions)	As of January 31, 2014		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash equivalents	$	0.8	$	-	$	0.8	$	-
Plan assets for deferred compensation		3.1		3.1		-		-
Total assets at fair value	$	3.9	$	3.1	$	0.8	$	-
Liabilities
Contingent consideration	$	2.0	$	-	$	-	$	2.0
Total liabilities at fair value	$	2.0	$	-	$	-	$	2.0
(in millions)	As of July 31, 2013		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash equivalents	$	0.8	$	-	$	0.8	$	-
Plan assets for deferred compensation		2.7		2.7		-		-
Total assets at fair value	$	3.5	$	2.7	$	0.8	$	-
Liabilities
Foreign currency forward contracts	$	0.2	$	-	$	0.2	$	-
Total liabilities at fair value	$	0.2	$	-	$	0.2	$	-

Reconciliations of Changes in Fair Value of Contingent Consideration

The following table reconciles the changes in the fair value of contingent consideration obligations that are categorized as Level 3 within the fair value hierarchy:

	For the Three Months Ended January 31,		For the Six Months Ended January 31,
(in millions)	2014		2014
Fair value, beginning of period	$	1.9	$	-
Acquisition date fair value of contingent consideration		-		1.9
Change in fair value		0.1		0.1
Payments		-		-
Fair value, end of period	$	2.0	$	2.0