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Stock-based Payment Compensation | 3 Months Ended
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Oct. 31, 2019
Share-based Payment Arrangement [Abstract] |
Stock-based Payment Compensation | NOTE 8 – Stock-based Compensation The Company recognizes compensation expense for stock option awards on a straight-line basis over the requisite service period of the award. The following is a summary of activity for the Company’s stock options for the three months ended October 31, 2019:
(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, 2019 |  | 14,552 |  |  | $ | 26.29 |  |  | 6.04 |  | $ | 745,592 |
Exercises |  | (4,710 | ) |  | 17.81 |  |  |  |  |
Outstanding as of October 31, 2019 |  | 9,842 |  |  | $ | 30.35 |  |  | 6.57 |  | $ | 514,578 |
Exercisable as of October 31, 2019 |  | 6,051 |  |  | $ | 21.95 |  |  | 5.56 |  | $ | 367,269 |
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock. The number of options that were in-the-money was 9,841,658 at October 31, 2019. The Company recognizes compensation expense for restricted stock awards on a straight-line basis over the requisite service period of the award. The following is a summary of activity for the Company’s restricted stock for the three months ended October 31, 2019:
(In thousands, except per share data) |  | Restricted Shares |  | Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2019 |  | 134 |  |  | $ | 56.62 |
Grants of restricted stock |  | 69 |  |  | 82.33 |
Forfeited restricted stock |  | (1 | ) |  | 50.22 |
Outstanding as of October 31, 2019 |  | 202 |  |  | $ | 65.34 |
The table below sets forth the stock-based compensation recognized by the Company for stock options and restricted stock awards:
|  | Three Months Ended October 31,
(In thousands) |  | 2019 |  | 2018
General and administrative |  | $ | 4,441 |  |  | $ | 4,989 |
Yard operations |  | 1,092 |  |  | 1,032 |
Total stock-based compensation |  | $ | 5,533 |  |  | $ | 6,021 |
In accordance with ASC 718, Compensation – Stock Compensation, the Company made an estimate of expected forfeitures and recognized compensation cost only for those equity awards expected to vest.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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