SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

The allowance for doubtful accounts consisted of the following:

	July 31, 2021		July 31, 2020
	(In thousands)
Balance at beginning of year	$	134	$	1,804
Provisions charged to expense	—		111
Accounts written off	(6)		(1,781)
Recovered	(79)		—
Balance at end of year	$	49	$	134

Cash and Cash Equivalents

Cash and cash equivalents consisted of the following:

	July 31, 2021		July 31, 2020
	(In thousands)
Cash and bank deposits	$	54,604	$	70,770
Money market funds	42,327		5,117
	$	96,931	$	75,887

The amount of cash, cash equivalents and restricted cash as of July 31, 2021 and 2020 in the consolidated statements of cash flows is reconciled to the Company's consolidated balance sheets as follows:

	July 31,
	2021		2020
	(In thousands)
Cash and cash equivalents	$	96,931	$	75,887
Funds held for clients	8,212		18,755
Cash, cash equivalents and restricted cash	$	105,143	$	94,642

Estimated Useful Lives of Property and Equipment

The estimated useful lives are as follows:

Category	Useful Lives
Machinery and equipment	3 to 7 years
Furniture and fixtures	5 to 7 years
Automobiles	5 years
Software	3 to 8 years
Leasehold improvements	Shorter of the lease term or the estimated useful life of the asset