XML 44 R30.htm IDEA: XBRL DOCUMENT v3.21.2
Leases, Codification Topic 842 (Tables)
12 Months Ended
Jul. 31, 2021
Leases [Abstract]  
Lease, Cost
Components of lease expense were as follows:
Year Ended July 31,
(In thousands)20212020
Operating lease expense$28,302 $31,628 
Finance lease expense:
Amortization of right-of-use assets612 882 
Interest on finance lease liabilities65 189 
Short-term lease expense4,472 8,555 
Variable lease expense1,586 1,635 
Total lease expense$35,037 $42,889 

Facilities rental expense for the year ended July 31, 2019 was $30.6 million under ASC 840, Operating Leases.
Lessee, Operating Leases
The components of right-of-use assets and lease liabilities on the consolidated balance sheet are as follows (In thousands):
Lease Asset and LiabilitiesBalance Sheet Classification (In thousands)July 31, 2021July 31, 2020
Operating lease right-of-use assetsOperating lease right-of-use assets$119,487 $118,455 
Finance lease right-of-use assetsProperty and equipment, net563 1,409 
Total lease assets, net$120,050 $119,864 
Operating lease liabilities - currentCurrent portion of operating and finance lease liabilities$21,942 $24,821 
Finance lease liabilities - currentCurrent portion of operating and finance lease liabilities530 751 
Operating lease liabilities - non-currentOperating and finance lease liabilities, net of current portion97,925 95,584 
Finance lease liabilities - non-currentOperating and finance lease liabilities, net of current portion36 566 
Total lease liabilities$120,433 $121,722 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash flow information related to leases as of July 31, 2021 were as follows (In thousands):
Year Ended July 31,
(In thousands)20212020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows related to operating leases$28,576 $29,799 
Operating cash flows related to finance leases65 187 
Financing cash flows related to finance leases1,118 1,065 
Right-of-use assets obtained in exchange for new operating lease liabilities41,770 42,860 
Right-of-use assets obtained in exchange for new finance lease liabilities— 2,899 
Lessee, Operating Lease, Liability, Maturity
The annual maturities of the Company’s lease liabilities as of July 31, 2021 were as follows:
Fiscal year (In thousands)Finance leasesOperating leases
2022$535 $24,626 
202324 20,818 
202413 16,005 
2025— 13,833 
2026— 10,870 
Thereafter— 53,632 
Total future lease commitments$572 $139,784 
Less: imputed interest(6)(19,917)
Present value of lease liabilities$566 $119,867 
Lessor, Operating Lease, Payments to be Received, Maturity
Future lease payments receivable under operating leases with terms greater than one year as of July 31, 2021 were as follows:
Fiscal year (In thousands)Operating leases
2022$6,537 
20235,423 
20245,499 
20255,468 
20265,172 
Thereafter14,556 
Total future lease payments receivable$42,655