XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Stock-based Compensation (Tables) | 6 Months Ended
--- | ---
Jan. 31, 2024
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 six months ended January 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 |  | 931 |  |  | 49.79 |  |  |  |  |
Exercises |  | (1,160) |  |  | 11.62 |  |  |  |  |
Forfeitures or expirations |  | — |  |  | — |  |  |  |  |
Outstanding as of January 31, 2024 |  | 17,596 |  |  | $ | 17.54 |  |  | 4.59 |  | $ | 538,438 |
Exercisable as of January 31, 2024 |  | 14,810 |  |  | $ | 14.24 |  |  | 3.93 |  | $ | 500,518 |
The following is a summary of activity for the Company’s stock option awards subject to market conditions for the six months ended January 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 January 31, 2024 |  | 5,995 |  |  | $ | 24.70 |  |  | 6.96 |  | $ | 140,151 |
Exercisable as of January 31, 2024 |  | 3,568 |  |  | $ | 23.04 |  |  | 6.67 |  | $ | 89,211 |
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 January 31, |  | Six Months Ended January 31,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
General and administrative |  | $ | 7,541 |  |  | $ | 8,789 |  |  | $ | 14,492 |  |  | $ | 17,536 |
Yard operations |  | 1,628 |  |  | 1,342 |  |  | 3,184 |  |  | 2,787 |
Total stock-based compensation |  | $ | 9,169 |  |  | $ | 10,131 |  |  | $ | 17,676 |  |  | $ | 20,323 |
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 six months ended January 31, 2024:
(In thousands, except per share data) |  | Restricted Shares |  | Weighted Average Grant Date Fair Value
Outstanding as of July 31, 2023 |  | 800 |  |  | $ | 31.77 |
Grants |  | 266 |  |  | 48.85 |
Vested |  | (144) |  |  | 29.48 |
Forfeitures or expirations |  | (7) |  |  | 32.56 |
Outstanding as of January 31, 2024 |  | 915 |  |  | $ | 37.08 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration