v3.24.3
Fair Value Measurements (Tables)
 3 Months Ended
Oct. 31, 2024
Fair Value Disclosures [Abstract]  
Summary Of Cash Equivalents Measured At Fair Value
The table below summarizes the Company’s cash equivalents, restricted cash, other current assets, interest rate swaps and Contingent Consideration (defined below) measured at estimated fair value (all other assets and liabilities measured at fair value are immaterial) (in thousands).
 Estimated Fair Value Measurement as of October 31, 2024
DescriptionTotalLevel 1Level 2Level 3
Assets:
Money Market$81,465 $81,465 $— $— 
Commercial Paper$2,401 $— $2,401 $— 
Certificates of Deposit$95,544 $— $95,544 $— 
Liabilities:
Contingent Consideration $86,000 $— $— $86,000 
 Estimated Fair Value Measurement as of July 31, 2024
DescriptionTotalLevel 1Level 2Level 3
Assets:
Money Market$896 $896 $— $— 
Commercial Paper$2,401 $— $2,401 $— 
Certificates of Deposit$101,989 $— $101,989 $— 
Interest Rate Swaps$2,343 $— $2,343 $— 
Liabilities:
Contingent Consideration $104,200 $— $— $104,200 
 Estimated Fair Value Measurement as of October 31, 2023
DescriptionTotalLevel 1Level 2Level 3
Assets:
Money Market$101,903 $101,903 $— $— 
Commercial Paper$2,401 $— $2,401 $— 
Certificates of Deposit$138,614 $— $138,614 $— 
Interest Rate Swaps$13,931 $— $13,931 $— 
Liabilities:
Contingent Consideration$59,300 $— $— $59,300 

The Company’s cash equivalents, restricted cash, other current assets and interest rate swaps are measured utilizing quoted market prices or pricing models whereby all significant inputs are either observable or corroborated by observable market data. The interest rate swaps expired on September 23, 2024 and therefore had no estimated fair value as of October 31, 2024. The estimated fair value of the interest rate swaps was included within other current assets on the Company’s Consolidated Balance Sheet as of July 31, 2024 and Consolidated Condensed Balance Sheet as of October 31, 2023.

The changes in Contingent Consideration during the three months ended October 31, 2024 and 2023 were as follows (in thousands):
Balance as of July 31, 2024 and 2023, respectively$104,200 $73,300 
Payments(20,279)(17,057)
Change in estimated fair value2,079 3,057 
Balance as of October 31, 2024 and 2023, respectively$86,000 $59,300