Fair Value Measures Fair Value Measures (Notes)

12 Months Ended

Jul. 31, 2020

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivatives and Fair Value [Text Block]

NOTE 9 – Fair Value Measures

The following table summarizes the carrying values and fair values of the Company’s financial instruments that were not carried at fair value in the consolidated balance sheets:

	July 31, 2020				July 31, 2019
(In thousands)	Carrying Value Total		Fair Value Total		Carrying Value Total		Fair Value Total
Assets
Cash equivalents	$	11,483	$	11,483	$	12,389	$	12,389
Total Assets	$	11,483	$	11,483	$	12,389	$	12,389
Liabilities
Long-term fixed rate debt, including current portion	$	399,698	$	449,731	$	399,638	$	411,510
Total Liabilities	$	399,698	$	449,731	$	399,638	$	411,510

During the year ended July 31, 2020, no transfers were made between any levels within the fair value hierarchy. The fair value of the Senior Notes is based on the discounted value of each interest and principal payment calculated utilizing market interest rates of similar types of borrowing arrangements and was classified within Level II of the fair value hierarchy. See Note 1 — Summary of Significant Accounting Policies and Note 8 — Long-Term Debt.