Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Jul. 31, 2017

Cash, Cash Equivalents and Restricted Cash [Abstract]

Cash, Cash Equivalents and Restricted Cash

5. Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents and restricted cash are summarized in the following table.

	Balance at July 31,
	2017		2016
	(in thousands)
Cash and cash equivalents	$	13,029	$	9,902
Restricted cash		314		259
Total cash, cash equivalents and restricted cash	$	13,343	$	10,161

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents.  The Company invests cash in excess of operating requirements in income-producing short-term investments.  Money market funds of $0.2 million and $0.3 million were included in cash and cash equivalents in the table above at July 31, 2017 and 2016, respectively.

The Company is required to maintain restricted cash on deposit in Brazil as collateral for pending litigation matters.