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Stock-based Payment Compensation (Tables)
3 Months Ended
Oct. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of option activity for stock options
The following is a summary of activity for the Company’s stock options for the three months ended October 31, 2016:
(In thousands, except per share and term data)
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (In years)
 
Aggregate Intrinsic Value
Outstanding as of July 31, 2016
 
19,451

 
$
24.30

 
4.96
 
$
508,401

Grants of options
 
188

 
53.97

 
 
 
 
Exercises
 
(9,689
)
 
15.74

 
 
 
 
Forfeitures or expirations
 
(24
)
 
35.13

 
 
 
 
Outstanding as of October 31, 2016
 
9,926

 
$
33.19

 
7.07
 
$
191,624

Exercisable as of October 31, 2016
 
5,322

 
$
30.09

 
6.26
 
$
119,110

Recognized stock-based compensation expense
The table below sets forth the stock-based payment compensation recognized by the Company:
 
 
Three Months Ended October 31,
(In thousands)
 
2016
 
2015
General and administrative
 
$
4,284

 
$
4,728

Yard operations
 
801

 
686

Total stock-based payment compensation
 
$
5,085

 
$
5,414