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Leases (Tables) | 12 Months Ended
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Jul. 31, 2024
Leases [Abstract] |
Schedule of Lease Cost | Components of lease expense were as follows:
|  |  | Year Ended July 31,
(In thousands) |  | 2024 |  | 2023 |  |
Operating lease expense |  | $ | 26,222 |  |  | $ | 26,646 |  |  |
Finance lease expense: |  |  |  |  |  |
| Amortization of right-of-use assets |  | 14 |  |  | 23 |  |  |
| Interest on finance lease liabilities |  | — |  |  | 1 |  |  |
Short-term lease expense |  | 4,371 |  |  | 4,554 |  |  |
Variable lease expense |  | 1,359 |  |  | 1,178 |  |  |
Total lease expense |  | $ | 31,966 |  |  | $ | 32,402 |  |  |
The weighted-average remaining lease terms and discount rates as of July 31, 2024 were as follows:
|  | Weighted-Average Remaining Lease Term (In years) |  | Weighted-Average Discount Rate(1)
Operating leases |  | 8.57 |  | 3.95 | %
(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 imputed corporate credit rating for a secured or collateralized instrument.
Schedule of Right-of use Assets and Lease Liabilities | The components of right-of-use assets and lease liabilities on the consolidated balance sheets were as follows (In thousands):
Lease Asset and Liabilities |  | Balance Sheet Classification (In thousands) |  | July 31, 2024 |  | July 31, 2023
Operating lease right-of-use assets |  | Operating lease right-of-use assets |  | $ | 116,301 |  |  | $ | 108,139 |
Finance lease right-of-use assets |  | Property and equipment, net |  | — |  |  | 30 |
Total lease assets, net |  | $ | 116,301 |  |  | $ | 108,169 |
Operating lease liabilities - current |  | Current portion of operating and finance lease liabilities |  | $ | 21,304 |  |  | $ | 21,455 |
Finance lease liabilities - current |  | Current portion of operating and finance lease liabilities |  | — |  |  | 13 |
Operating lease liabilities - non-current |  | Operating and finance lease liabilities, net of current portion |  | 97,429 |  |  | 88,082 |
Finance lease liabilities - non-current |  | Operating and finance lease liabilities, net of current portion |  | — |  |  | — |
Total lease liabilities |  | $ | 118,733 |  |  | $ | 109,550 |
Schedule of Cash Flow, Supplemental Disclosures | Supplemental cash flow information related to leases as of July 31, 2024 were as follows (In thousands):
|  |  | Year Ended July 31,
(In thousands) |  | 2024 |  | 2023 |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
| Operating cash flows related to operating leases |  | $ | 25,320 |  |  | $ | 26,428 |  |  |
| Operating cash flows related to finance leases |  | — |  |  | 1 |  |  |
| Financing cash flows related to finance leases |  | 14 |  |  | 23 |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | 37,172 |  |  | 21,149 |  |  |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | — |  |  | — |  |  |
Schedule of Maturity of Finance leases | The annual maturities of the Company’s lease liabilities as of July 31, 2024 were as follows:
Fiscal Year (In thousands) |  |  |  | Operating Leases
2025 |  |  |  | $ | 24,745 |
2026 |  |  |  | 20,978 |
2027 |  |  |  | 17,028 |
2028 |  |  |  | 15,513 |
2029 |  |  |  | 13,634 |
Thereafter |  |  |  | 47,809 |
Total future lease commitments |  |  |  | $ | 139,707 |
Less: imputed interest |  |  |  | (20,974) |
Present value of lease liabilities |  |  |  | $ | 118,733 |
Schedule of Maturity of Operating Lease | The annual maturities of the Company’s lease liabilities as of July 31, 2024 were as follows:
Fiscal Year (In thousands) |  |  |  | Operating Leases
2025 |  |  |  | $ | 24,745 |
2026 |  |  |  | 20,978 |
2027 |  |  |  | 17,028 |
2028 |  |  |  | 15,513 |
2029 |  |  |  | 13,634 |
Thereafter |  |  |  | 47,809 |
Total future lease commitments |  |  |  | $ | 139,707 |
Less: imputed interest |  |  |  | (20,974) |
Present value of lease liabilities |  |  |  | $ | 118,733 |
Schedule of Future Lease Payments Receivable | Future lease payments receivable under operating leases with terms greater than one year as of July 31, 2024 were as follows:
Fiscal Year (In thousands) |  | Operating Leases
2025 |  | $ | 5,653 |
2026 |  | 5,209 |
2027 |  | 5,225 |
2028 |  | 4,493 |
2029 |  | 3,395 |
Thereafter |  | 1,628 |
Total future lease payments receivable |  | $ | 25,603 |

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