XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Stock-Based Compensation Expense and Shareholders' Equity (Tables) | 3 Months Ended
--- | ---
Oct. 31, 2021
Stockholders' Equity and Stock-based Compensation [Abstract] |
Stock-based compensation expense | Stock-based compensation expense related to stock options and Stock Awards is included in the Company’s condensed consolidated statements of operations as follows (in thousands):
| Three Months Ended October 31, |  |
| 2021 |  | 2020 |  |  |  |
Stock-based compensation expense | $ | 32,533 |  |  | $ | 28,394 |  |  |  |  |
Net impact of deferred stock-based compensation | (293) |  |  | (310) |  |  |  |  |
Total stock-based compensation expense, net | $ | 32,240 |  |  | $ | 28,084 |  |  |  |  |
Stock-based compensation expense is included in the following categories: |  |  |  |  |  |  |
Cost of subscription and support revenue | $ | 3,348 |  |  | $ | 2,602 |  |  |  |  |
Cost of license revenue | 182 |  |  | 251 |  |  |  |  |
Cost of services revenue | 5,637 |  |  | 5,543 |  |  |  |  |
Research and development | 8,614 |  |  | 7,247 |  |  |  |  |
Sales and marketing | 7,489 |  |  | 5,977 |  |  |  |  |
General and administrative | 6,970 |  |  | 6,464 |  |  |  |  |
Total stock-based compensation expense | $ | 32,240 |  |  | $ | 28,084 |  |  |  |  |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | A summary of the Company’s Stock Awards activity under the Company’s equity incentive plans is as follows:
| Stock Awards Outstanding
| Number of Stock Awards Outstanding |  | Weighted Average Grant Date Fair Value |  | Aggregate Intrinsic Value (in thousands)(1)
Balance as of July 31, 2021 | 2,394,968 |  |  | $ | 107.15 |  |  | $ | 275,900 |
Granted | 1,512,995 |  |  | $ | 119.97 |  |  |
Released | (335,653) |  |  | $ | 99.22 |  |  | $ | 40,270 |
Canceled | (88,420) |  |  | $ | 107.92 |  |  |
Balance as of October 31, 2021 | 3,483,890 |  |  | $ | 113.47 |  |  | $ | 438,029 |
Expected to vest as of October 31, 2021 | 3,483,890 |  |  | $ | 113.47 |  |  | $ | 438,029 |
(1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $125.73 and $115.20 on October 31, 2021 and July 31, 2021, respectively. Aggregate intrinsic value for released Stock Awards represents the total market value of released Stock Awards at date of release.
Schedule of Share-based Compensation, Stock Options, Activity | Stock option activity under the Company’s equity incentive plans is as follows:
| Stock Options Outstanding
| Number of Stock Options Outstanding |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value(1)
|  |  |  |  | (in years) |  | (in thousands)
Balance as of July 31, 2021 | 25,278 |  |  | $ | 17.39 |  |  | 5.0 |  | $ | 2,472 |
Granted | — |  |  |  |  |  |  |
Exercised | (1,518) |  |  | $ | 10.90 |  |  |  |  | $ | 168 |
Canceled | — |  |  |  |  |  |  |
Balance at October 31, 2021 | 23,760 |  |  | $ | 17.81 |  |  | 4.1 |  | $ | 2,564 |
Vested and expected to vest as of October 31, 2021 | 23,760 |  |  | $ | 17.81 |  |  | 4.1 |  | $ | 2,564 |
Exercisable as of October 31, 2021 | 23,760 |  |  | $ | 17.81 |  |  | 4.1 |  | $ | 2,564 |
(1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $125.73 and $115.20 on October 31, 2021 and July 31, 2021, respectively, and the exercise price of outstanding options. Aggregate intrinsic value for exercised options represents the difference between the Company’s stock price at date of exercise and the exercise price.
Common Stock Reserved for Issuance | As of October 31, 2021 and July 31, 2021, the Company had reserved shares of common stock for future issuance as follows:
| October 31, 2021 |  | July 31, 2021
Exercise of stock options to purchase common stock | 23,760 |  |  | 25,278 |
Vesting of stock awards | 3,483,890 |  |  | 2,394,968 |
Shares available under stock plans | 3,590,878 |  |  | 5,014,069 |
Total common stock reserved for issuance | 7,098,528 |  |  | 7,434,315 |

X
- Definition Common stock reserved for issuance. + References No definition available. + Details
Name: | gwre_CommonStockReservedForIssuanceTableTextBlock
Namespace Prefix: | gwre_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stockholders' equity and stock-based compensation. + References No definition available. + Details
Name: | gwre_StockholdersEquityAndStockBasedCompensationAbstract
Namespace Prefix: | gwre_
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration