FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jan. 31, 2017

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 January 31, 2017 and July 31, 2016, classified by fair value hierarchy:

			Fair Value Measurements at Reporting Date Using
(In thousands)	January 31, 2017		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	11,029	$	11,029	$	—	$	—
Money market funds		86,898		86,898		—		—
			Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2016		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	4,209	$	4,209	$	—	$	—
Marketable corporate bonds		12,559		12,559		—		—
Money market funds		101,224		101,224		—		—

Debt not Carried at Fair Value

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

	January 31, 2017				July 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Notes payable	$	57,603	$	60,440	$	57,169	$	50,957	Level 1