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Income Taxes (Tables)

12 Months Ended

Jul. 31, 2020

Income Tax Disclosure [Abstract]

Components Of Deferred Tax Liabilities And Assets

Significant components of the Company’s deferred tax liabilities and assets are as follows (in thousands):

	July 31,
	2020			2019
Deferred income tax liabilities:
Fixed assets	$	216,016		$	153,182
Intangible assets	86,509			73,146
Operating lease right of use assets	53,727			—
Other	13,709			13,425
Total	369,961			239,753
Deferred income tax assets:
Canyons obligation	14,997			13,922
Stock-based compensation	10,313			9,620
Investment in Partnerships	12,400			13,281
Deferred compensation and other accrued benefits	9,918			10,674
Contingent Consideration	4,468			6,771
Unfavorable lease obligation, net	285			4,896
Net operating loss carryforwards and other tax credits	13,205			5,631
Operating lease liabilities	60,838			—
Other, net	21,427			18,850
Total	147,851			83,645
Valuation allowance for deferred income taxes	(5,330		)	(5,365		)
Deferred income tax assets, net of valuation allowance	142,521			78,280
Net deferred income tax liability	$	227,440		$	161,473

Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income taxes recognized in the Consolidated Balance Sheets are as follows (in thousands):

	July 31,
	2020			2019
Deferred income tax asset	$	6,751		$	7,286
Deferred income tax liability	234,191			168,759
Net deferred income tax liability	$	227,440		$	161,473

Components Of Provision (Benefit) For Income Taxes

Significant components of the provision (benefit) from income taxes are as follows (in thousands):

	Year Ended July 31,
	2020			2019			2018
Current:
Federal	$	(13,467	)	$	24,309		$	(43,366	)
State	(731		)	8,539			9,562
Foreign	4,141			20,205			18,436
Total current	(10,057		)	53,053			(15,368		)
Deferred:
Federal	12,597			16,983			(45,922		)
State	4,266			5,282			2,941
Foreign	572			154			(2,789		)
Total deferred	17,435			22,419			(45,770		)
Provision (benefit) from income taxes	$	7,378		$	75,472		$	(61,138	)

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

U.S. and foreign components of income before (provision) benefit from income taxes is as follows (in thousands):

	Year Ended July 31,
	2020			2019			2018
U.S.	$	89,838		$	306,323		$	264,379
Foreign	26,595			92,642			75,713
Income before income taxes	$	116,433		$	398,965		$	340,092

Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation

A reconciliation of the income tax provision (benefit) from continuing operations and the amount computed by applying the United States federal statutory income tax rate to income before income taxes is as follows:

	Year Ended July 31,
	2020		2019		2018
At U.S. federal income tax rate	21.0	%	21.0	%	26.8	%
State income tax, net of federal benefit	3.5	%	2.8	%	3.0	%
Change in uncertain tax positions	(3.8	)%	(1.6	)%	—	%
Change in valuation allowance	—	%	—	%	0.3	%
Excess tax benefits related to stock-based compensation	(7.1	)%	(3.0	)%	(20.9	)%
Impacts of the Tax Act and other legislative changes	(3.2	)%	—	%	(24.7	)%
Noncontrolling interests	(2.4	)%	(1.5	)%	(1.7	)%
Foreign rate differential	(2.4	)%	0.4	%	(1.5	)%
Other	0.7	%	0.8	%	0.7	%
Effective tax rate	6.3	%	18.9	%	(18.0	)%

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):

	Year Ended July 31,
	2020			2019			2018
Balance, beginning of year	$	72,222		$	78,242		$	76,111
Additions for tax positions of prior years	16,654			11,520			12,394
Lapse of statute of limitations	(18,577		)	(17,540		)	(10,263		)
Balance, end of year	$	70,299		$	72,222		$	78,242

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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