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Leases (Tables) | 6 Months Ended
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Jan. 31, 2022
Leases [Abstract] |
Components of lease expense and additional information | The components of lease expense are as follows:
| Three months ended January 31, |  | Six months ended January 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Finance lease expense: |  |  |  |  |  |  |
Amortization of ROU assets | $ | 3,000 |  |  | 16,000 |  |  | $ | 7,000 |  |  | 28,000 |
Interest on lease liabilities | — |  |  | 1,000 |  |  | — |  |  | 2,000 |
Operating lease expense | 2,940,000 |  |  | 2,861,000 |  |  | 5,864,000 |  |  | 5,349,000 |
Short-term lease expense | 117,000 |  |  | 255,000 |  |  | 211,000 |  |  | 502,000 |
Variable lease expense | 1,142,000 |  |  | 1,190,000 |  |  | 2,318,000 |  |  | 2,154,000 |
Sublease income | (16,000) |  |  | (16,000) |  |  | (33,000) |  |  | (33,000) |
Total lease expense | $ | 4,186,000 |  |  | 4,307,000 |  |  | $ | 8,367,000 |  |  | 8,002,000 |
Additional information related to leases is as follows:
| Six months ended January 31,
| 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating leases - Operating cash outflows | $ | 5,850,000 |  |  | $ | 5,050,000 |
Finance leases - Operating cash outflows | — |  |  | 2,000 |
Finance leases - Financing cash outflows | 11,000 |  |  | 28,000 |
ROU assets obtained in the exchange for lease liabilities (non-cash): |  |  |
Operating leases | $ | 14,812,000 |  |  | $ | 25,663,000 |
Future cash flows relating to operating lease liabilities | The following table is a reconciliation of future cash flows relating to operating and financing lease liabilities presented on our Condensed Consolidated Balance Sheet as of January 31, 2022:
| Operating |  | Finance |  | Total
Remainder of fiscal 2022 | $ | 5,985,000 |  |  | 5,000 |  |  | $ | 5,990,000 |
Fiscal 2023 | 10,090,000 |  |  | 4,000 |  |  | 10,094,000 |
Fiscal 2024 | 8,856,000 |  |  | — |  |  | 8,856,000 |
Fiscal 2025 | 8,301,000 |  |  | — |  |  | 8,301,000 |
Fiscal 2026 | 6,826,000 |  |  | — |  |  | 6,826,000 |
Thereafter | 29,240,000 |  |  | — |  |  | 29,240,000 |
Total future undiscounted cash flows | 69,298,000 |  |  | 9,000 |  |  | 69,307,000 |
Less: Present value discount | 10,875,000 |  |  | 1,000 |  |  | 10,876,000 |
Lease liabilities | $ | 58,423,000 |  |  | 8,000 |  |  | $ | 58,431,000 |
Weighted-average remaining lease terms (in years) | 8.92 |  | 1.01 |  |
Weighted-average discount rate | 3.40% |  | 6.68% |  |
Future minimum lease payments for finance lease liabilities | The following table is a reconciliation of future cash flows relating to operating and financing lease liabilities presented on our Condensed Consolidated Balance Sheet as of January 31, 2022:
| Operating |  | Finance |  | Total
Remainder of fiscal 2022 | $ | 5,985,000 |  |  | 5,000 |  |  | $ | 5,990,000 |
Fiscal 2023 | 10,090,000 |  |  | 4,000 |  |  | 10,094,000 |
Fiscal 2024 | 8,856,000 |  |  | — |  |  | 8,856,000 |
Fiscal 2025 | 8,301,000 |  |  | — |  |  | 8,301,000 |
Fiscal 2026 | 6,826,000 |  |  | — |  |  | 6,826,000 |
Thereafter | 29,240,000 |  |  | — |  |  | 29,240,000 |
Total future undiscounted cash flows | 69,298,000 |  |  | 9,000 |  |  | 69,307,000 |
Less: Present value discount | 10,875,000 |  |  | 1,000 |  |  | 10,876,000 |
Lease liabilities | $ | 58,423,000 |  |  | 8,000 |  |  | $ | 58,431,000 |
Weighted-average remaining lease terms (in years) | 8.92 |  | 1.01 |  |
Weighted-average discount rate | 3.40% |  | 6.68% |  |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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