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Stockholder's Equity (Tables)

12 Months Ended

Jul. 31, 2024

Equity [Abstract]

Schedule of Share-Based Compensation Expense

The table below sets forth the stock-based compensation recognized by the Company for stock options, restricted stock, restricted unit awards, and performance stock units:

						Year Ended July 31,
(In thousands)						2024						2023						2022
General and administrative						$	28,284					$	32,747					$	33,838
Yard operations						6,950						6,926						5,127
Total stock-based compensation						$	35,234					$	39,673					$	38,965

Schedule of Fair Value Assumptions

The BSM option-pricing model utilized the following assumptions:

						July 31,
						2024																		2023																		2022
Expected life (in years)						5.0						—			6.3									5.0						—			6.3									5.1						—			6.8
Risk-free interest rate						3.86			%			—			4.43			%						3.67			%			—			3.88			%						0.82			%			—			2.70			%
Estimated volatility						30.1			%			—			30.6			%						29.6			%			—			32.0			%						27.9			%			—			30.0			%
Expected dividends						—												%						—												%						—												%
Weighted average fair value at measurement date						$	9.93																	$	12.10																	$	10.59

Schedule of Unvested Stock Options Awards

A summary of the status of the Company’s unvested stock options awards and activity during the year ended July 31, 2024 was as follows:

(In thousands, except per share amounts)						Shares						Weighted Average Grant- date Fair Value
Unvested shares at July 31, 2023						5,770						$	8.72
Grants of non-vested shares						1,121						10.85
Vested						(2,713)						7.93
Forfeitures or expirations						—						—
Unvested shares at July 31, 2024						4,178						$	9.80

Schedule of Option Activity

The following is a summary of activity for the Company’s stock options for the year ended July 31, 2024:

(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						1,046						49.68
Exercises						(2,561)						9.47
Forfeitures or expirations						—						—
Outstanding as of July 31, 2024						16,310						$	18.60					4.34						$	550,115
Exercisable as of July 31, 2024						13,968						$	15.41					3.72						$	515,734
Vested and expected to vest as of July 31, 2024						16,272						$	18.59					4.34						$	549,123

The following is a summary of activity for the Company’s stock option awards subject to market conditions for the year ended July 31, 2024:

(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						75						50.89
Exercises						—						—
Forfeitures or expirations						—						—
Outstanding as of July 31, 2024						5,995						$	24.70					6.47						$	165,656
Exercisable as of July 31, 2024						4,160						$	23.23					6.22						$	121,072
Vested and expected to vest as of July 31, 2024						5,988						$	24.70					6.47						$	165,464

Schedule of Stock Options Outstanding and Exercisable

The following table summarizes stock options outstanding and exercisable as of July 31, 2024:

(In thousands, except per share amounts)												Options Outstanding																		Options Exercisable
Range of Exercise Prices												Number						Weighted Average Remaining Contractual Life						Weighted Average Exercise Price						Number						Weighted Average Exercise Price
$4.37			—			$6.98						2,729						1.42						$	5.22					2,730						$	5.22
$7.74			—			$9.08						2,713						3.18						8.85						2,713						8.85
$10.99			—			$21.26						8,811						4.94						17.35						8,059						16.99
$22.15			—			$54.93						8,052						6.66						32.33						4,626						29.53
Outstanding as of July 31, 2024												22,305						4.91						$	20.24					18,128						$	17.20

Schedule of Restricted Stock and Performance Stock Activity

The following is a summary of activity for the Company’s RSAs, RSUs, ans PSUs for the for the year ended July 31, 2024:

(In thousands, except per share data)						Restricted and Performance Shares						Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2023						800						$	31.77
Grants						1,479						51.72
Vested						(391)						32.76
Forfeitures or expirations						(15)						34.84
Outstanding as of July 31, 2024						1,873						$	47.29

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