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Stock-Based Compensation Expense and Shareholders' Equity (Tables)
3 Months Ended
Oct. 31, 2022
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,
20222021
Stock-based compensation expense$35,249 $32,533 
Net impact of deferred stock-based compensation(153)(293)
 Total stock-based compensation expense, net$35,096 $32,240 
Stock-based compensation expense is included in the following categories:
Cost of subscription and support revenue$3,468 $3,030 
Cost of license revenue147 182 
Cost of services revenue5,349 5,189 
Research and development9,291 7,997 
Sales and marketing6,887 7,113 
General and administrative9,954 8,729 
Total stock-based compensation expense$35,096 $32,240 
Total unrecognized stock-based compensation expense related to the Company’s stock options and Stock Awards as of October 31, 2022 is as follows:
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of 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, 20222,785,353 $110.47 $216,478 
Granted1,991,973 $66.03 
Released(373,380)$112.50 $24,981 
Canceled(100,911)$106.40 
Balance as of October 31, 20224,303,035 $89.81 $255,643 
Expected to vest as of October 31, 20224,303,035 $89.81 $255,643 
(1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $59.41 and $77.72 on October 31, 2022 and July 31, 2022, 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 A summary of stock option activity under the Company’s equity incentive plans is as follows:
 Stock Options Outstanding
 Number of Stock Options Outstanding Weighted Average Exercise PriceWeighted Average Remaining Contractual Life
 Aggregate Intrinsic Value(1)
(in years) (in thousands)
Balance as of July 31, 202275,706 $61.93 8.7$1,196 
Granted91,350 $68.22 
Exercised— $— $— 
Canceled— $— 
Balance as of October 31, 2022167,056 $65.37 9.1$647 
Vested and expected to vest as of October 31, 2022167,056 $65.37 9.1$647 
Exercisable as of October 31, 202214,806 $21.85 3.3$556 
(1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $59.41 and $77.72 on October 31, 2022 and July 31, 2022, 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.