Fair Value Measurement of Assets and Liabilities (Tables)

9 Months Ended

Apr. 30, 2016

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

The following tables present the Company’s financial assets measured at fair value on a recurring basis as of April 30, 2016 and July 31, 2015, classified by fair value hierarchy:

			Fair Value Measurements at Reporting Date Using
(In thousands)	April 30, 2016		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	4,869	$	4,869	$	—	$	—
Marketable corporate bonds		12,068		12,068		—		—
Money market funds		121,819		121,819		—		—
Foreign currency contracts		53		—		53		—

			Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2015		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	37,396	$	37,396	$	—	$	—
Marketable corporate bonds		41,320		41,320		—		—
Money market funds		76,277		76,277		—		—

Debt not Carried at Fair Value

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

	April 30, 2016				July 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Notes payable	$	81,228	$	69,712	$	77,864	$	88,188		Level 1