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Leases (Tables)
 12 Months Ended
Jul. 31, 2022
Leases [Abstract]  
Lease cost Components of lease expense were as follows:
Year Ended July 31,
(In thousands)20222021
Operating lease expense$27,668 $28,302 
Finance lease expense:
Amortization of right-of-use assets520 612 
Interest on finance lease liabilities5 65 
Short-term lease expense5,649 4,472 
Variable lease expense1,466 1,586 
Total lease expense$35,308 $35,037 
The weighted-average remaining lease terms and discount rates as of July 31, 2022 were as follows:
Weighted-Average Remaining Lease Term (In years)
Weighted-Average Discount Rate(1)
Operating leases9.122.77 %
Finance leases1.542.8 %
(1)The Company cannot determine the interest rate implicit in the Company’s leases. Therefore, the discount rate represents the Company’s incremental borrowing rate and is determined based on the risk-free rate, adjusted for the risk premium attributed to the Company’s corporate credit rating for a secured or collateralized instrument.
Right-of use assets and lease liabilities 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, 2022July 31, 2021
Operating lease right-of-use assetsOperating lease right-of-use assets$116,303 $119,487 
Finance lease right-of-use assetsProperty and equipment, net50 563 
Total lease assets, net$116,353 $120,050 
Operating lease liabilities - currentCurrent portion of operating and finance lease liabilities$21,771 $21,942 
Finance lease liabilities - currentCurrent portion of operating and finance lease liabilities23 530 
Operating lease liabilities - non-currentOperating and finance lease liabilities, net of current portion95,670 97,925 
Finance lease liabilities - non-currentOperating and finance lease liabilities, net of current portion13 36 
Total lease liabilities$117,477 $120,433 
Schedule of cash flow, supplemental disclosures Supplemental cash flow information related to leases as of July 31, 2022 were as follows (In thousands):
Year Ended July 31,
(In thousands)20222021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows related to operating leases$26,620 $28,576 
Operating cash flows related to finance leases5 65 
Financing cash flows related to finance leases530 1,118 
Right-of-use assets obtained in exchange for new operating lease liabilities24,217 41,770 
Right-of-use assets obtained in exchange for new finance lease liabilities— — 
Finance leases The annual maturities of the Company’s lease liabilities as of July 31, 2022 were as follows:
Fiscal year (In thousands)Finance leasesOperating leases
2023$24 $24,650 
202413 20,119 
2025— 17,683 
2026— 14,403 
2027— 10,428 
Thereafter— 48,447 
Total future lease commitments$37 $135,730 
Less: imputed interest(1)(18,289)
Present value of lease liabilities$36 $117,441 
Maturity of operating lease liability The annual maturities of the Company’s lease liabilities as of July 31, 2022 were as follows:
Fiscal year (In thousands)Finance leasesOperating leases
2023$24 $24,650 
202413 20,119 
2025— 17,683 
2026— 14,403 
2027— 10,428 
Thereafter— 48,447 
Total future lease commitments$37 $135,730 
Less: imputed interest(1)(18,289)
Present value of lease liabilities$36 $117,441 
Schedule of future lease payments receivable Future lease payments receivable under operating leases with terms greater than one year as of July 31, 2022 were as follows:
Fiscal year (In thousands)Operating leases
2023$5,671 
20245,533 
20255,490 
20265,194 
20275,209 
Thereafter9,365 
Total future lease payments receivable$36,462