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Balance Sheet Components (Tables) | 6 Months Ended
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Jan. 31, 2022
Balance Sheet Related Disclosures [Abstract] |
Accounts Receivables and Allowance for Doubtful Accounts | Accounts receivable, net consists of the following (in thousands):
| January 31, 2022 |  | July 31, 2021
Accounts receivable | $ | 112,281 |  |  | $ | 105,125 |
Allowance for credit losses and revenue reserves | (576) |  |  | (1,057) |
Accounts receivable, net | $ | 111,705 |  |  | $ | 104,068 |
Allowance for Credit Losses and Revenue Reserves Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands):
Balance as of July 31, 2021 | $ | 1,057 |
Net changes to credit losses | — |
Net changes to revenue reserves | (154) |
Write-offs, net | (327) |
Balance as of January 31, 2022 | $ | 576 |
Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consist of the following (in thousands):
| January 31, 2022 |  | July 31, 2021
Prepaid expenses | $ | 21,319 |  |  | $ | 20,330 |
Contract costs | 14,717 |  |  | 13,365 |
Deferred costs | 9,910 |  |  | 9,247 |
Other | 15,477 |  |  | 9,787 |
Prepaid expenses and other current assets | $ | 61,423 |  |  | $ | 52,729 |
Property and equipment | Property and equipment consist of the following (in thousands):
| January 31, 2022 |  | July 31, 2021
Computer hardware | $ | 14,009 |  |  | $ | 19,256 |
Purchased software | 5,484 |  |  | 6,002 |
Capitalized software development costs | 30,881 |  |  | 24,025 |
Equipment and machinery | 8,654 |  |  | 12,214 |
Furniture and fixtures | 11,453 |  |  | 11,482 |
Leasehold improvements | 59,686 |  |  | 57,960 |
Total property and equipment | 130,167 |  |  | 130,939 |
Less accumulated depreciation | (48,475) |  |  | (50,878) |
Property and equipment, net | $ | 81,692 |  |  | $ | 80,061 |
Schedule of Goodwill | Changes in the carrying amount of goodwill were as follows (in thousands):
Goodwill, July 31, 2021 | $ | 340,877 |
Addition — HazardHub acquisition | 31,185 |
Goodwill, January 31, 2022 | $ | 372,062 |
Schedule of Finite-Lived Intangible Assets | The Company’s intangible assets are amortized over their estimated useful lives. Intangible assets consist of the following (in thousands):
|  |  | January 31, 2022 |  | July 31, 2021
| Remaining Weighted-Average Useful Life (in years) |  | Cost |  | Accumulated Amortization |  | Net Book Value |  | Cost |  | Accumulated Amortization |  | Net Book Value
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired technology | 3.3 |  | $ | 38,100 |  |  | $ | 25,016 |  |  | $ | 13,084 |  |  | $ | 93,600 |  |  | $ | 86,367 |  |  | $ | 7,233 |
Customer contracts and related relationships | 3.7 |  | 40,800 |  |  | 27,860 |  |  | 12,940 |  |  | 35,700 |  |  | 24,432 |  |  | 11,268 |
Partner relationships | 3.2 |  | 200 |  |  | 130 |  |  | 70 |  |  | 200 |  |  | 119 |  |  | 81 |
Trademarks | 4.5 |  | 3,400 |  |  | 1,576 |  |  | 1,824 |  |  | 2,500 |  |  | 1,339 |  |  | 1,161 |
Total | 3.6 |  | $ | 82,500 |  |  | $ | 54,582 |  |  | $ | 27,918 |  |  | $ | 140,700 |  |  | $ | 120,957 |  |  | $ | 19,743 |
Future Amortization Expense | The future amortization expense for existing intangible assets as of January 31, 2022, based on their current useful lives, is as follows (in thousands):
Fiscal year ending July 31, |
2022 (remainder of fiscal year) | $ | 6,557 |
2023 | 6,888 |
2024 | 5,468 |
2025 | 5,026 |
2026 | 3,572 |
Thereafter | 407 |
Total | $ | 27,918 |
Other Assets | Other assets consist of the following (in thousands):
| January 31, 2022 |  | July 31, 2021
Prepaid expenses | $ | 2,759 |  |  | $ | 3,276 |
Contract costs | 29,331 |  |  | 28,870 |
Deferred costs | 1,664 |  |  | 2,777 |
Strategic equity investments | 14,077 |  |  | 3,556 |
Other | 4,976 |  |  | — |
Other assets | $ | 52,807 |  |  | $ | 38,479 |
Accrued Employee Compensation | Accrued Employee Compensation Accrued employee compensation consists of the following (in thousands):
| January 31, 2022 |  | July 31, 2021
Bonus | $ | 24,898 |  |  | $ | 48,414 |
Commission | 4,047 |  |  | 11,271 |
Vacation* | 5,027 |  |  | 23,803 |
Salaries, payroll taxes, and benefits | 19,544 |  |  | 18,649 |
Accrued employee compensation | $ | 53,516 |  |  | $ | 102,137 |
*In the first quarter of fiscal year 2022, the Company paid out accrued vacation for employees in certain countries upon adopting a non-accrued vacation policy effective September 1, 2021.
Other Current Liabilities | Other current liabilities consist of the following (in thousands):
| January 31, 2022 |  | July 31, 2021
Lease liabilities | $ | 11,239 |  |  | $ | 11,624 |
Accrued royalties | 9,239 |  |  | 7,525 |
Accrued taxes | 3,727 |  |  | 6,796 |
Other | 5,535 |  |  | 5,703 |
Other current liabilities | $ | 29,740 |  |  | $ | 31,648 |

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