v3.25.1
Fair Value Measurements
9 Months Ended
Apr. 30, 2025
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 3—Fair Value Measurements

 

The following tables present the balance of assets and liabilities measured at fair value on a recurring basis (in thousands):

 

   Level 1   Level 2   Level 3   Total 
April 30, 2025                
Assets:                
Foreign exchange forward contracts  $
-
   $65   $
-
   $65 

 

July 31, 2024                
Liabilities:                
Foreign exchange forward contracts  $
-
   $51   $
-
   $51 

 

(1) – quoted prices in active markets for identical assets or liabilities

(2) – observable inputs other than quoted prices in active markets for identical assets and liabilities

(3) – no observable pricing inputs in the market

 

Fair Value of Other Financial Instruments

 

Fair value of the outstanding foreign exchange forward contracts are marked to market price at the end of each measurement period.

 

The Company’s other financial instruments at April 30, 2025 and July 31, 2024 included trade accounts receivable and trade accounts payable. The carrying amounts of other assets and liabilities such as prepaid expenses, trade accounts receivable and trade accounts payable approximated fair value due to their short-term nature.