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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jul. 31, 2019
Fair Value Disclosures [Abstract]  
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 July 31, 2019 and 2018, classified by fair value hierarchy:
 
 
 
Fair Value Measurements at
Reporting Date Using
(In thousands)
July 31, 2019
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
365

 
$
365

 
$

 
$

 
 
 
Fair Value Measurements at
Reporting Date Using
(In thousands)
July 31, 2018
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
47,186

 
$
47,186

 
$

 
$

Plan Assets Measured at Fair Value on Recurring Basis Classified by Fair Value Hierarchy
The following table presents the plan assets measured at fair value on a recurring basis as of July 31, 2019 and 2018, classified by fair value hierarchy:
 
 
 
 
 
Fair Value Measurements at Reporting Date Using
(In thousands)
July 31, 2019
 
Asset
Allocations
 
Level 1
 
Level 2
 
Level 3
Insurance contract
$
26,651

 
98
%
 
$

 
$

 
$
26,651

Other investments
616

 
2
%
 

 

 
616

 
$
27,267

 
100
%
 
$

 
$

 
$
27,267

 
 
 
 
 
Fair Value Measurements at Reporting Date Using
(In thousands)
July 31, 2018
 
Asset
Allocations
 
Level 1
 
Level 2
 
Level 3
Insurance contract
$
22,339

 
98
%
 
$

 
$

 
$
22,339

Other investments
521

 
2
%
 

 

 
521

 
$
22,860

 
100
%
 
$

 
$

 
$
22,860

The following table presents the pension plan assets measured at fair value on a recurring basis as of July 31, 2019 and 2018, classified by fair value hierarchy:
 
 
 
 
 
Fair Value Measurements at
Reporting Date Using
(In thousands)
July 31, 2019
 
Asset
Allocations
 
Level 1
 
Level 2
 
Level 3
Insurance contract
$
26,651

 
98
%
 
$

 
$

 
$
26,651

Other investments
616

 
2
%
 

 

 
616

 
$
27,267

 
100
%
 
$

 
$

 
$
27,267

 
 
 
 
 
Fair Value Measurements at
Reporting Date Using
(In thousands)
July 31, 2018
 
Asset
Allocations
 
Level 1
 
Level 2
 
Level 3
Insurance contract
$
22,339

 
98
%
 
$

 
$

 
$
22,339

Other investments
521

 
2
%
 

 

 
521

 
$
22,860

 
100
%
 
$

 
$

 
$
22,860

Summary of Changes in Fair Value of Pension Plan Assets
The following table sets forth a summary of the changes in the fair value of the pension plan assets for the years ended July 31, 2019 and 2018:
 
July 31,
 
2019
 
2018
 
(In thousands)
Fair value of plan assets at beginning of year
$
22,860

 
$
21,204

Actual return on plan assets
5,136

 
1,541

Employer contributions, net
422

 
402

Employee contributions
73

 
92

Settlements
(19
)
 
(21
)
Benefits and administrative expenses paid
(197
)
 
(372
)
Currency translation
(1,008
)
 
14

Fair value of plan assets at end of year
$
27,267

 
$
22,860

Notes Payable not Carried at Fair Value
The following table presents the Company's Notes payable which were not carried at fair value:
 
July 31, 2018
 
 
 
Carrying
Amount
 
Fair
Value
 
Fair Value
Hierarchy
 
(In thousands)
 
 
Notes payable
$
64,530

 
$
66,658

 
Level 1