Fair Value Measurement of Assets and Liabilities (Tables)

9 Months Ended

Apr. 30, 2015

Financial Assets Measured at Fair Value on Recurring Basis and Classified by Fair Value Hierarchy

The following tables presents the Company’s financial assets measured at fair value on a recurring basis as of April 30, 2015 and July 31, 2014, classified by fair value hierarchy:

			Fair Value Measurements at Reporting Date Using
(In thousands )	April 30, 2015		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	37,961	$	37,961	$	—	$	—
Marketable corporate bonds		36,874		36,874		—		—
Money market funds		74,563		74,563		—		—
Liabilities:
Foreign currency contracts	$	386	$	—	$	386	$	—
			Fair Value Measurements at Reporting Date Using
(In thousands )	July 31, 2014		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	9,856	$	9,856	$	—	$	—
Marketable corporate bonds		12,937		12,937		—		—
Money market funds		150,626		150,626		—		—
Liabilities:
Foreign currency contracts	$	—	$	—	$	—	$	—

Debt not Carried at Fair Value

The following table presents the Company’s debt not carried at fair value:

	April 30, 2015				July 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
			(In thousands)
Notes payable		76,696		90,813		73,391		93,750	Level 1