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v3.20.2

Summary of Significant Accounting Policies (Details 1) - $ / shares | 12 Months Ended
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Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Fair value assumptions, method used | The fair value of each option, without a market-based condition was estimated on the measurement date using the Black-Scholes Merton (“BSM”) option-pricing model. For options that included a market-based condition the Monte Carlo simulation model was used. The Black-Scholes Merton option-pricing model utilized the following assumptions:July 31,202020192018Expected life (in years)5.4—5.75.3—6.65.3—6.9Risk-free interest rate0.29 %—1.67 %1.80 %—2.69 %1.88 %—2.62 %Estimated volatility21.7%—27.6%21.6%—22.1%19.7%—20.7%Expected dividends— %— %— %Weighted average fair value at measurement date$21.54 $15.47 $8.88 |  |
Stock Options |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Fair value assumptions, method used | Black-Scholes Merton option-pricing model | Black-Scholes Merton option-pricing model | Black-Scholes Merton option-pricing model
Risk-free interest rate, minimum | 0.29% | 1.80% | 1.88%
Risk-free interest rate, maximum | 1.67% | 2.69% | 2.62%
Estimated volatility, minimum | 21.70% | 21.60% | 19.70%
Estimated volatility, maximum | 27.60% | 22.10% | 20.70%
Expected dividends | 0.00% | 0.00% | 0.00%
Weighted average fair value at measurement date (in dollars per share) | $ 21.54 | $ 15.47 | $ 8.88
Stock Options | Valuation Technique, Option Pricing Model [Member] |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Fair value assumptions, method used | Monte Carlo simulation model |  |
Risk-free interest rate, minimum | 0.71% |  |
Estimated volatility, minimum | 25.20% |  |
Expected dividends | 0.00% |  |
Weighted average fair value at measurement date (in dollars per share) | $ 24.89 |  |
Minimum | Stock Options |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Expected life (in years) | 5 years 4 months 24 days | 5 years 3 months 18 days | 5 years 3 months 18 days
Minimum | Stock Options | Valuation Technique, Option Pricing Model [Member] |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Expected life (in years) | 7 years 7 months 20 days |  |
Maximum | Stock Options |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Expected life (in years) | 5 years 8 months 12 days | 6 years 7 months 6 days | 6 years 10 months 24 days

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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. + References No definition available. + Details
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- Definition The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. + References No definition available. + Details
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- Definition Description of method used to estimate fair value of award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. + References No definition available. + Details
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- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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