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Convertible Senior Notes (Tables)

12 Months Ended

Jul. 31, 2024

2023 Convertible Senior Notes

Debt Instrument [Line Items]

Interest Expense Recognized

The following table sets forth the total interest expense recognized related to the 2023 Notes:

		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
Interest expense related to amortization of debt issuance    costs			844				248				—

2026 Convertible Senior Notes

Debt Instrument [Line Items]

Components of Notes

The 2026 Notes consisted of the following:

		As of July 31,
		2023				2024
		(in thousands)
Principal amounts:
Principal		$	750,000			$	—
Non-cash interest expense converted to principal			47,569				—
Unamortized debt discount (conversion feature) (1)			(132,769	)			—
Unamortized debt issuance costs (1)			(15,170	)			—
Net carrying amount		$	649,630			$	—

(1)Included in our consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2026 Notes using the effective interest rate method. The effective interest rate was 7.05%.

Interest Expense Recognized

The following table sets forth the total interest expense recognized related to the 2026 Notes:

		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
Interest expense related to amortization of debt discount		$	34,180			$	36,668			$	35,955
Interest expense related to amortization of debt issuance    costs			3,906				4,189				4,107
Non-cash interest expense			19,270				19,757				18,550
Interest expense related to conversion of 2026 Notes    attributable to debt discount and issuance costs			—				—				107,877
Total interest expense		$	57,356			$	60,614			$	166,489

2027 Convertible Senior Notes

Debt Instrument [Line Items]

Components of Notes

The 2027 Notes consisted of the following:

		As of July 31,
		2023				2024
		(in thousands)
Principal amounts:
Principal		$	575,000			$	575,000
Unamortized debt issuance costs (1)			(6,465	)			(4,927	)
Net carrying amount		$	568,535			$	570,073

(1)Included in our consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2027 Notes using the effective interest rate method. The effective interest rate is 0.52%.

Interest Expense Recognized

The following table sets forth the total interest expense recognized related to the 2027 Notes:

		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
Contractual interest expense		$	1,229			$	1,720			$	1,352
Interest expense related to amortization of debt issuance    costs			1,302				1,530				1,538
Total interest expense		$	2,531			$	3,250			$	2,890

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