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Stock-based Compensation (Tables)

9 Months Ended

Apr. 30, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Option Activity for Stock Options

The following is a summary of activity for the Company’s stock options for the nine months ended April 30, 2023:

(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, 2022						11,394						$	29.31					5.50						$	398,331
Grants of options						294						65.49
Exercises						(806)						33.76
Forfeitures or expirations						(413)						53.47
Outstanding as of April 30, 2023						10,469						$	29.03					4.70						$	523,659
Exercisable as of April 30, 2023						8,710						$	24.78					4.11						$	472,682

The following is a summary of activity for the Company’s stock option awards subject to market conditions for the nine months ended April 30, 2023:

(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, 2022						2,810						$	47.83					8.33						$	45,590
Grants of options						150						65.70
Exercises						—						—
Forfeitures or expirations						—						—
Outstanding as of April 30, 2023						2,960						$	48.73					7.68						$	89,742
Exercisable as of April 30, 2023						1,330						$	45.04					7.33						$	45,234

Recognized Stock-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:

						Three Months Ended April 30,												Nine Months Ended April 30,
(In thousands)						2023						2022						2023						2022
General and administrative						$	7,830					$	8,401					$	25,366					$	25,119
Yard operations						2,251						1,417						5,038						3,813
Total stock-based compensation						$	10,081					$	9,818					$	30,404					$	28,932

Share Based Payment Arrangement Restricted Stock and Restricted Stock Unit Activity

The following is a summary of activity for the Company’s RSA and RSU for the nine months ended April 30, 2023:

(In thousands, except per share data)						Restricted Shares						Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2022						354						$	60.28
Grants						270						65.04
Vested						(136)						60.53
Forfeitures or expirations						(31)						53.43
Outstanding as of April 30, 2023						457						$	63.47

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ 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 (h)(1)
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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