Fair Value Measures

3 Months Ended

Oct. 31, 2018

NOTE 5 – Fair Value Measures

The following table summarizes the fair value of the Company’s financial assets and liabilities measured and recorded at fair value on a recurring basis based on inputs used to derive their fair values:



	October 31, 2018				July 31, 2018
(In thousands)	Fair Value Total		Significant Observable Inputs (Level II)		Fair Value Total		Significant Observable Inputs (Level II)
Assets
Cash equivalents	$	191,653	$	191,653	$	130,769	$	130,769
Total Assets	$	191,653	$	191,653	$	130,769	$	130,769
Liabilities
Long-term fixed rate debt, including current portion	$	376,970	$	376,970	$	381,230	$	381,320
Total Liabilities	$	376,970	$	376,970	$	381,230	$	381,320

During the three months ended October 31, 2018, no transfers were made between any levels within the fair value hierarchy. See Note 1 – Summary of Significant Accounting Policies, and Note 3 – Long-Term Debt.