The following table presents financial assets and liabilities measured at fair value and their related valuation inputs as of April 30, 2017 and July 31, 2016:

 

						Fair Value Measurements at Reporting Date Using (in thousands)
April 30, 2017		Total Fair Value of Asset or Liability				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash and cash equivalents (1)		$	92,310			$	92,310			$	—			$	—
Marketable securities			56,027				13,358				42,669				—
Total assets		$	148,337			$	105,668			$	42,669			$	—

 

July 31, 2016		Total Fair Value of Asset or Liability				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash and cash equivalents (1)		$	83,065			$	83,065			$	—			$	—
Marketable securities			56,356				12,597				43,759				—
Total assets		$	139,421			$	95,662			$	43,759			$	—

 

(1)	Cash and cash equivalents as of April 30, 2017 and July 31, 2016 included cash held in operating accounts of approximately $91.3 million and $82.7 million, respectively that are not subject to fair value measurements. For purposes of this disclosure, they are included as having Level 1 inputs.