XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 6 Months Ended
Jan. 31, 2022
Leases [Abstract]  
Components of Lease Cost
Components of operating lease costs were as follows (in thousands):

Three Months Ended January 31,Six Months Ended January 31,
2022202120222021
Operating lease cost1
$3,933 $4,500 $8,185 $8,872 
Variable lease cost1,442 1,165 2,850 2,531 
Sublease income(356)(397)(746)(792)
Net operating lease cost$5,019 $5,268 $10,289 $10,611 
(1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.3 million and $0.3 million for the three months ended January 31, 2022 and 2021, respectively, and $0.5 million and $0.6 million for the six months ended January 31, 2022 and 2021, respectively.
Future Operating Lease Payments Future operating lease payments as of January 31, 2022 were as follows (in thousands):
Fiscal Year Ending July 31,
2022 (remainder of fiscal year)$7,445 
202316,711 
202416,615 
202516,857 
202617,006 
Thereafter67,609 
Total future lease payments142,243 
Less imputed interest(22,063)
Total lease liability balance$120,180 
Supplemental Lease Information
Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):
January 31, 2022July 31, 2021
Operating lease assets$91,780 $97,447 
Current portion of lease liabilities$11,239 $11,624 
Non-current portion of lease liabilities108,941 115,374 
Total lease liabilities$120,180 $126,998 
Weighted average remaining lease term (years)8.308.74
Weighted average discount rate4.10 %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 January 31,Six Months Ended January 31,
2022202120222021
Cash payments for operating leases$4,411 $4,082 $10,345 $9,367 
Operating lease assets obtained in exchange for lease liabilities$18 $(2,703)$433 $6,514