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Leases (Tables)
3 Months Ended
Oct. 31, 2021
Leases [Abstract]  
Components of Lease Cost
Components of operating lease costs were as follows (in thousands):
Three Months Ended October 31,
20212020
Operating lease cost1
$4,252 $4,372 
Variable lease cost1,408 1,366 
Sublease income(390)(395)
Net operating lease cost$5,270 $5,343 
(1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.2 million and $0.3 million for the three months ended October 31, 2021 and 2020, respectively.
Future Operating Lease Payments
Future operating lease payments as of October 31, 2021 were as follows (in thousands):
Fiscal Year Ending July 31,
2022 (remainder of fiscal year)$11,936 
202316,821 
202416,721 
202516,967 
202617,115 
Thereafter68,198 
Total future lease payments147,758 
Less imputed interest(24,146)
Total lease liability balance$123,612 
Supplemental Lease Information
Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):
October 31, 2021July 31, 2021
Operating lease assets$94,568 $97,447 
Current portion of lease liabilities$11,312 $11,624 
Non-current portion of lease liabilities112,300 115,374 
Total lease liabilities$123,612 $126,998 
Weighted average remaining lease term (years)8.528.74
Weighted average discount rate4.20 %4.20 %
Supplemental Cash And Non-Cash Information
Supplemental cash and non-cash information related to operating leases was as follows (in thousands):
Three Months Ended October 31,
20212020
Cash payments for operating leases$5,934 $5,285 
Operating lease assets obtained in exchange for lease liabilities$415 $9,217