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Leases (Tables)

12 Months Ended

Jul. 31, 2024

Leases [Abstract]

Assets and Liabilities, Lessee

Supplemental balance sheet information related to our leases is as follows:


		As of July 31,
		2023				2024
		(in thousands)
Operating leases:
Operating lease right-of-use assets, gross		$	181,226			$	180,843
Accumulated amortization			(87,672	)			(71,710	)
Operating lease right-of-use assets, net		$	93,554			$	109,133
Operating lease liabilities—current		$	29,567			$	24,163
Operating lease liabilities—non-current			68,940				90,359
Total operating lease liabilities		$	98,507			$	114,522
Weighted average remaining lease term (in years):			5.0				4.8
Weighted average discount rate:			6.1	%			6.4	%


		As of July 31,
		2023				2024
		(in thousands)
Finance leases:
Finance lease right-of-use assets, gross (1)		$	18,279			$	19,345
Accumulated amortization (1)			(5,558	)			(9,412	)
Finance lease right-of-use assets, net (1)		$	12,721			$	9,933
Finance lease liabilities—current (2)		$	3,518			$	3,954
Finance lease liabilities—non-current (3)			9,722				6,666
Total finance lease liabilities		$	13,240			$	10,620
Weighted average remaining lease term (in years):			3.7				2.9
Weighted average discount rate:			6.8	%			7.0	%

(1)

Included in our consolidated balance sheets within property and equipment, net.

(2)

Included in our consolidated balance sheets within accrued expenses and other current liabilities.

(3)

Included in our consolidated balance sheets within other liabilities—non-current.

Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to our leases is as follows:


		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	48,509			$	46,886			$	37,973
Operating cash flows from finance leases		$	—			$	—			$	885
Financing cash flows from finance leases		$	1,089			$	4,757			$	3,601
Lease liabilities arising from obtaining right-of-use assets:
Operating leases		$	55,797			$	10,358			$	46,153
Finance leases		$	4,529			$	7,827			$	1,066

Lessee Operating and Finance Lease, Liability, Maturity

The undiscounted cash flows for our lease liabilities as of July 31, 2024 were as follows:


Fiscal Year Ending July 31:		Operating Leases				Finance Leases				Total
		(in thousands)
2025		$	30,125			$	4,576			$	34,701
2026			26,064				3,874				29,938
2027			23,780				2,164				25,944
2028			22,968				1,152				24,120
2029			17,252				41				17,293
Thereafter			13,985				—				13,985
Total lease payments			134,174				11,807				145,981
Less: imputed interest			(19,652	)			(1,187	)			(20,839	)
Total lease obligation			114,522				10,620				125,142
Less: current lease obligations			(24,163	)			(3,954	)			(28,117	)
Long-term lease obligations		$	90,359			$	6,666			$	97,025