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Stock-based Compensation (Tables)

3 Months Ended

Oct. 31, 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 three months ended October 31, 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, 2023						17,825						$	15.47					4.67						$	512,045
Grants of options						—						—
Exercises						(331)						24.54
Forfeitures or expirations						—						—
Outstanding as of October 31, 2023						17,494						$	15.30					4.44						$	493,722
Exercisable as of October 31, 2023						15,132						$	13.51					3.96						$	454,066

The following is a summary of activity for the Company’s stock option awards subject to market conditions for the three months ended October 31, 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, 2023						5,920						$	24.37					7.43						$	117,389
Grants of options						—						—
Exercises						—						—
Forfeitures or expirations						—						—
Outstanding as of October 31, 2023						5,920						$	24.37					7.17						$	113,393
Exercisable as of October 31, 2023						3,222						$	22.76					6.87						$	66,880

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 October 31,
(In thousands)																		2023						2022
General and administrative																		$	6,951					$	8,747
Yard operations																		1,556						1,445
Total stock-based compensation																		$	8,507					$	10,192

Additionally, Purple Wave, Inc. maintains an equity-based compensation plan for certain executives. Compensation cost attributable to Purple Wave, Inc. equity-based compensation plan was $0.2 million and $0 included in stock based compensation for the three months ended October 31, 2023 and 2022, respectively.

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 three months ended October 31, 2023:

(In thousands, except per share data)						Restricted Shares						Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2023						800						$	31.77
Grants						—						—
Vested						(50)						28.35
Forfeitures or expirations						(5)						31.92
Outstanding as of October 31, 2023						745						$	32.00

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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.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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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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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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