Fair value (Tables)

12 Months Ended

Jul. 31, 2017

Reconciliations of Changes in Fair Value of Contingent Consideration

The following are reconciliations of the changes in the fair value of contingent consideration in fiscal years 2017 and 2016:

	For the Year ended
	July 31,
(in millions)	2017			2016
Beginning Balance	$	12.2		$	2.0
Acquisition - Oncura		-			10.1
Change in fair value		(10.2	)		0.1
Payments		(2.0	)		-
Ending Balance	$	-		$	12.2

Cash, Cash Equivalents and Marketable Securities

Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis

The following tables summarize the company’s cash, cash equivalent and marketable securities by significant investment categories recorded as cash and cash equivalents, short-term marketable securities, and long-term marketable securities as of July 31, 2017, and cash and cash equivalents as of July 31, 2016:

	Fair Value Measurement as of July 31, 2017
(in millions)	Adjusted Cost		Unrealized Gains		Unrealized Losses			Fair Value		Cash and Cash Equivalents		Marketable Securities
Cash	$	46.7	$	-	$	-		$	46.7	$	46.7	$	-
Level 1:
Money market funds		38.4		-		-			38.4		38.4		-
Subtotal	$	85.1	$	-	$	-		$	85.1	$	85.1	$	-
Level 2:
U.S. Treasury securities	$	10.0	$	-	$	-		$	10.0	$	10.0	$	-
U.S. agency securities		7.0		-		-			7.0		7.0		-
Non-U.S. government securities		3.9		-		-			3.9		-		3.9
Commercial paper		30.1		-		-			30.1		27.2		2.9
Corporate securities		28.0		-		(0.01	)		28.0		-		28.0
Asset-backed securities		10.2		-		-			10.2		-		10.2
Subtotal	$	89.2	$	-	$	(0.01	)	$	89.2	$	44.2	$	45.0
Total	$	174.3	$	-	$	(0.01	)	$	174.3	$	129.3	$	45.0

	Fair Value Measurement as of July 31, 2016
(in millions)	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents
Cash	$	52.7	$	-	$	-	$	52.7	$	52.7
Level 1:
Money market funds		66.0		-		-		66.0		66.0
Total	$	118.7	$	-	$	-	$	118.7	$	118.7

Plan Assets for Deferred Compensation

Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis

Plan assets for deferred compensation	As of		As of
	July 31,		July 31,
(in millions)	2017		2016
Level 1:
Plan assets for deferred compensation		4.7		5.9
Total	$	4.7	$	5.9

Foreign Currency Forward Contracts

Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis

Foreign currency forward contracts	As of		As of
	July 31,		July 31,
(in millions)	2017		2016
Level 2:
Foreign currency forward contracts asset		0.6		-
Foreign currency forward contracts liability		-	0.3
Total	$	0.6	$	0.3

Contingent Consideration

Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis

Contingent consideration	As of		As of
	July 31,		July 31,
(in millions)	2017		2016
Level 3:
Contingent consideration liability		-		12.2
Total	$	-	$	12.2