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Stockholder's Equity (Tables) | 12 Months Ended
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Jul. 31, 2021
Equity [Abstract] |
Schedule of stock options exercised utilizing a cashless exercise | The exercised stock options, utilizing a cashless exercise, are summarized in the following table:
Period |  | Options Exercised |  | Weighted Average Exercise Price |  | Shares Net Settled for Exercise |  | Shares Withheld for Taxes (1) |  | Net Shares to Employees |  | Weighted Average Share Price for Withholding |  | Employee Stock-Based Tax Withholding (in 000s)
FY 2019—Q3 |  | 3,000,000 |  |  | $ | 17.81 |  |  | 945,162 |  |  | 806,039 |  |  | 1,248,799 |  |  | $ | 56.53 |  |  | $ | 45,565 |
FY 2020—Q1 |  | 4,000,000 |  |  | 17.81 |  |  | 865,719 |  |  | 1,231,595 |  |  | 1,902,686 |  |  | 82.29 |  |  | 101,348 |
FY 2021—Q4 |  | 90,000 |  |  | 17.73 |  |  | 12,366 |  |  | 29,349 |  |  | 48,285 |  |  | 129.01 |  |  | 3,786 |
(1)Shares withheld for taxes are treated as a repurchase of shares for accounting purposes but do not count against the Company’s stock repurchase program.
Schedule of share-based compensation expense | The table below sets forth the stock-based compensation recognized by the Company for stock options, restricted stock, and restricted unit awards:
|  | Year Ended July 31,
(In thousands) |  | 2021 |  | 2020 |  | 2019
General and administrative |  | $ | 35,633 |  |  | $ | 17,567 |  |  | $ | 18,254 |
Yard operations |  | 5,289 |  |  | 5,755 |  |  | 5,191 |
Total stock-based compensation |  | $ | 40,922 |  |  | $ | 23,322 |  |  | $ | 23,445 |
Schedule of non-vested shares | A summary of the status of the Company’s non-vested shares from stock option awards and its activity during the year ended July 31, 2021 was as follows:
(In thousands, except per share amounts) |  | Shares |  | Weighted Average Grant- date Fair Value
Non-vested shares at July 31, 2020 |  | 3,303 |  |  | $ | 17.58 |
Grants of non-vested shares |  | 1,310 |  |  | 31.17 |
Vested |  | (1,139) |  |  | 16.65 |
Forfeitures or expirations |  | (213) |  |  | 12.84 |
Non-vested shares at July 31, 2021 |  | 3,261 |  |  | $ | 22.80 |
Schedule of option activity | The following is a summary of activity for the Company’s stock options for the year ended July 31, 2021:
(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, 2020 |  | 8,059 |  |  | $ | 41.44 |  |  | 6.72 |  | $ | 417,529 |
Grants of options |  | 1,310 |  |  | 107.95 |  |  |  |  |
Exercises |  | (1,599) |  |  | 25.47 |  |  |  |  |
Forfeitures or expirations |  | (213) |  |  | 47.11 |  |  |  |  |
Outstanding as of July 31, 2021 |  | 7,557 |  |  | $ | 56.19 |  |  | 6.53 |  | $ | 686,269 |
Exercisable as of July 31, 2021 |  | 4,295 |  |  | $ | 38.16 |  |  | 5.17 |  | $ | 467,433 |
Vested and expected to vest as of July 31, 2021 |  | 7,557 |  |  | $ | 56.19 |  |  | 6.52 |  | $ | 686,269 |
Schedule of stock options outstanding and exercisable | The following table summarizes stock options outstanding and exercisable as of July 31, 2021:
(In thousands, except per share amounts) |  | Options Outstanding |  | Options Exercisable
Range of Exercise Prices |  | Number |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price |  | Number |  | Weighted Average Exercise Price
$12.48 | — | $17.73 |  | 890 |  |  | 3.25 |  | $ | 16.72 |  |  | 890 |  |  | $ | 16.72 |
$17.81 | — | $36.32 |  | 2,393 |  |  | 5.06 |  | 28.16 |  |  | 1,988 |  |  | 26.68 |
$43.96 | — | $58.27 |  | 1,740 |  |  | 7.17 |  | 55.59 |  |  | 876 |  |  | 53.05 |
$77.51 | — | $134.42 |  | 2,534 |  |  | 8.62 |  | 96.93 |  |  | 541 |  |  | 91.47 |
Outstanding as of July 31, 2021 |  | 7,557 |  |  | 6.53 |  | $ | 56.19 |  |  | 4,295 |  |  | $ | 38.16 |
Schedule of restricted stock activity | The following is a summary of activity for the Company’s RSA’s and RSU’s for the for the year ended July 31, 2021:
(In thousands, except per share data) |  | Restricted Shares |  | Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2020 |  | 105 |  |  | $ | 69.86 |
Grants |  | 61 |  |  | 116.86 |
Vested |  | (58) |  |  | 83.26 |
Forfeitures or expirations |  | (6) |  |  | 67.55 |
Outstanding as of July 31, 2021 |  | 102 |  |  | $ | 90.46 |

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