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INCOME TAXES (Tables)

12 Months Ended

Jul. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss before provision for income taxes by fiscal year consisted of the following:

	Fiscal Year Ended July 31,
	2016 As Adjusted (1)				2017 As Adjusted (1)				2018
	(in thousands)
Domestic	$	(67,776	)		$	(304,363	)		$	(201,666	)
Foreign	(38,140		)		(70,423		)		(88,048		)
Loss before provision for income taxes	$	(105,916	)		$	(374,786	)		$	(289,714	)

(1) Adjusted to include the impact of ASC 606. Refer to Note 3 for more details on the impact of the adoption of this standard.

Schedule of Components of Income Tax Expense (Benefit)

Provision for income taxes by fiscal year consisted of the following:

	Fiscal Year Ended July 31,
	2016 As Adjusted (1)				2017 As Adjusted (1)				2018
	(in thousands)
Current:
U.S. federal	$	—			$	—			$	2,059
State and local	140				193				429
Foreign	3,172				8,196				8,541
Total current taxes	3,312				8,389				11,029
Deferred:
U.S. federal	—				(1,342		)		(3,387		)
State and local	—				13				(718		)
Foreign	(995		)		(2,208		)		523
Total deferred taxes	(995		)		(3,537		)		(3,582		)
Provision for income taxes	$	2,317			$	4,852			$	7,447

(1) Adjusted to include the impact of ASC 606. Refer to Note 3 for more details on the impact of the adoption of this standard.

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the statutory federal income tax and our effective income tax is as follows:

	Fiscal Year Ended July 31,
	2016 As Adjusted (1)				2017 As Adjusted (1)				2018
	(in thousands)
U.S. tax reform impact	$	—			$	—			$	93,352
U.S. federal income tax at statutory rate	(36,011		)		(127,427		)		(75,779		)
Stock-based compensation	3,655				6,701				(73,631		)
Effect of foreign operations	15,144				16,891				26,117
Change in valuation allowance	19,268				86,941				25,274
Transfer pricing adjustments	—				11,822				4,584
Intangible asset migration	—				—				4,461
Non-deductible expenses	802				1,693				2,115
State income taxes	140				206				(290		)
Warrant revaluation	(681		)		7,185				—
Other	—				840				1,244
Total	$	2,317			$	4,852			$	7,447

(1) Adjusted to include the impact of ASC 606. Refer to Note 3 for more details on the impact of the adoption of this standard.

Schedule of Deferred Tax Assets and Liabilities

The temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows:

	As of July 31,
	2017 As Adjusted (1)				2018
	(in thousands)
Deferred tax assets:
Net operating loss carryforward	$	135,929			$	162,914
Tax credit carryforward	13,100				47,839
Deferred revenue	2,378				27,577
Stock-based compensation expense	27,512				21,252
Accruals and reserves	7,427				8,370
Property and equipment	1,118				—
Total deferred tax assets	187,464				267,952
Deferred tax liabilities:
Deferred commission expense	(22,535		)		(27,829		)
Goodwill and intangible assets	(483		)		(5,909		)
Property and equipment	—				(3,870		)
Other	(75		)		(497		)
Total deferred tax liabilities	(23,093		)		(38,105		)
Valuation allowance	(161,195		)		(226,987		)
Net deferred tax assets	$	3,176			$	2,860

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of our unrecognized tax benefits, excluding accrued interest and penalties, is as follows:

	Fiscal Year Ended July 31,
	2017				2018
	(in thousands)
Balance at the beginning of the year	$	19,711			$	42,655
Increases related to current year tax positions	22,571				58,727
Increases related to prior year tax positions	373				4,893
Decreases related to prior year tax positions	—				(14,559		)
Balance at the end of the year	$	42,655			$	91,716

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