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Stock-based Compensation (Tables)

9 Months Ended

Apr. 30, 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 nine months ended April 30, 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						1,031						49.60
Exercises						(2,047)						10.01
Forfeitures or expirations						—
Outstanding as of April 30, 2024						16,809						$	18.23					4.52						$	606,535
Exercisable as of April 30, 2024						14,279						$	14.89					3.87						$	562,931

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, 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 April 30, 2024						5,995						$	24.70					6.72						$	177,526
Exercisable as of April 30, 2024						3,864						$	23.14					6.45						$	120,445

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)						2024						2023						2024						2023
General and administrative						$	7,201					$	7,830					$	21,693					$	25,366
Yard operations						1,817						2,251						5,001						5,038
Total stock-based compensation						$	9,018					$	10,081					$	26,694					$	30,404

Share Based Payment Arrangement Restricted Stock and Restricted Stock Unit Activity

The following is a summary of activity for the Company’s RSA, RSU and PSU for the nine months ended April 30, 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						1,382						51.73
Vested						(278)						31.07
Forfeitures or expirations						(13)						34.02
Outstanding as of April 30, 2024						1,891						$	46.45

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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
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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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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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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-Name Accounting Standards Codification
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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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