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Leases (Tables)

12 Months Ended

Jul. 31, 2020

The components of lease expense for the year ended July 31, 2020, were as follows (in thousands):



	Year Ended July 31, 2020
Finance leases:
Amortization of the finance ROU assets	$	9,753
Interest on lease liabilities	$	34,035
Operating leases:
Operating lease expense	$	43,303
Short-term lease expense ⁽¹⁾	$	13,943
Variable lease expense	$	1,583

Cash Flow, Supplemental Disclosures [Text Block]

The following table presents the supplemental cash flow information associated with the Company’s leasing activities for the year ended July 31, 2020 (in thousands):



	Year Ended July 31, 2020
Cash flow supplemental information:
Operating cash outflows for operating leases	$	55,344
Operating cash outflows for finance leases	$	29,311
Financing cash outflows for finance leases	$	5,387
Non-cash supplemental information:
Operating ROU assets obtained in exchange for operating lease obligations	$	18,013

Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]

Weighted-average remaining lease terms and discount rates are as follows:



	As of July 31, 2020
Weighted-average remaining lease term (in years)
Operating leases	10.6
Finance leases	42.9
Weighted-average discount rate
Operating leases	4.5	%
Finance leases	10.0	%

Schedule of Future Minimum Lease Payments [Table Text Block]

Future lease payments for operating and finance leases as of July 31, 2020 reflected by fiscal year (August 1 through July 31) are as follows (in thousands):



	Operating Leases			Finance Leases
2021	$	47,013		$	28,818
2022	43,699			29,394
2023	38,353			29,982
2024	34,431			30,582
2025	32,405			31,193
Thereafter	137,501			1,773,855
Total future minimum lease payments	333,402			1,923,824
Less amount representing interest	(79,256		)	(1,577,790		)
Total lease liabilities	$	254,146		$	346,034

The current portion of operating lease liabilities of approximately $36.6 million as of July 31, 2020 is recorded within accounts payables and accrued liabilities in the Consolidated Balance Sheet. Finance lease liabilities are recorded within long-term debt, net in the Consolidated Balance Sheets.

Future minimum lease payments in accordance with Topic 840 as of July 31, 2019, reflected by fiscal year (August 1 through July 31), were as follows (in thousands):



	Operating Leases		Capital Leases
2020	$	44,984	$	28,253
2021	42,512		28,818
2022	39,440		29,394
2023	34,840		29,982
2024	30,836		30,582
Thereafter	142,526		1,805,048
Total future minimum lease payments	335,138		1,952,077
Less amount representing interest	—		(1,611,816		)
Net future minimum lease payments	$	335,138	$	340,261