| Financial Assets Measured at Fair Value on Recurring Basis |
The Company’s financial assets that are accounted for at fair value on a recurring basis are presented in the tables below:
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Marketable Securities Fair Value as of |
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July 31, 2026 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Corporate bonds |
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$ |
— |
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$ |
213,507 |
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$ |
— |
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$ |
213,507 |
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US Treasury securities |
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— |
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|
68,709 |
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— |
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|
68,709 |
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Mutual funds, held in rabbi trust |
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24,453 |
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— |
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— |
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24,453 |
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Federal government agencies |
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— |
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22,295 |
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— |
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22,295 |
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Commercial paper |
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— |
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8,859 |
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— |
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|
8,859 |
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Municipal and pre-refunded municipal bonds |
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— |
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8,457 |
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— |
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8,457 |
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Certificates of deposit |
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— |
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|
498 |
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— |
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|
498 |
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$ |
24,453 |
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$ |
322,325 |
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$ |
— |
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$ |
346,778 |
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Marketable Securities Fair Value as of |
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January 31, 2026 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Corporate bonds |
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$ |
— |
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|
$ |
563,773 |
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$ |
— |
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|
$ |
563,773 |
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US Treasury securities |
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— |
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|
119,832 |
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— |
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|
119,832 |
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Mutual funds, held in rabbi trust |
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|
22,595 |
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— |
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— |
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|
22,595 |
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Federal government agencies |
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— |
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|
41,162 |
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— |
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|
41,162 |
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Commercial paper |
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— |
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8,824 |
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— |
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8,824 |
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Municipal and pre-refunded municipal bonds |
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— |
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31,396 |
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— |
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|
31,396 |
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Certificates of deposit |
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— |
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|
1,000 |
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— |
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|
1,000 |
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$ |
22,595 |
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$ |
765,987 |
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$ |
— |
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$ |
788,582 |
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Marketable Securities Fair Value as of |
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July 31, 2025 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Corporate bonds |
|
$ |
— |
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|
$ |
406,811 |
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$ |
— |
|
|
$ |
406,811 |
|
US Treasury securities |
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|
— |
|
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|
97,520 |
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|
|
— |
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|
97,520 |
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Mutual funds, held in rabbi trust |
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|
20,376 |
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— |
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|
— |
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|
20,376 |
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Federal government agencies |
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— |
|
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|
70,079 |
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— |
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|
70,079 |
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Commercial paper |
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|
— |
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|
7,928 |
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— |
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|
7,928 |
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Municipal and pre-refunded municipal bonds |
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— |
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|
53,037 |
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— |
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|
53,037 |
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Certificates of deposit |
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— |
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|
1,249 |
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— |
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|
1,249 |
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$ |
20,376 |
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$ |
636,624 |
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$ |
— |
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$ |
657,000 |
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