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Leases (Tables)

6 Months Ended

Jan. 31, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense for the three and six months ended January 31, 2020, were as follows (in thousands):

		Three Months Ended January 31, 2020				Six Months Ended January 31, 2020
Finance leases:
Amortization of the finance ROU assets		$	2,438			$	4,876
Interest on lease liabilities		$	8,509			$	17,017
Operating leases:
Operating lease expense		$	10,411			$	20,448
Short-term lease expense1		$	2,459			$	4,812
Variable lease expense		$	1,339			$	2,181

¹ Short-term lease expense is attributable to leases with terms of 12 months or less which are not included within the Company’s Consolidated Condensed Balance Sheet.

Leasing Cash Flows, Supplemental Disclosures [Text Block]

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

		Six Months Ended January 31, 2020
Cash flow supplemental information:
Operating cash outflows for operating leases		$	25,435
Operating cash outflows for finance leases		$	15,180
Financing cash outflows for finance leases		$	5,387

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

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

		As of January 31, 2020
Weighted-average remaining lease term (in years)
Operating leases		10.7
Finance leases		43.4
Weighted-average discount rate
Operating leases		4.5	%
Finance leases		10.0	%

Schedule of Future Minimum Lease Payments for Operating and Finance Leases [Table Text Block]

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

	Operating Leases				Finance Leases
2020 (February 2020 through July 2020)	$	30,141			$	14,126
2021	45,805				28,818
2022	42,606				29,394
2023	37,666				29,982
2024	33,889				30,582
Thereafter	166,166				1,805,048
Total future minimum lease payments	356,273				1,937,950
Less amount representing interest	(92,149		)		(1,594,803		)
Total lease liabilities	$	264,124			$	343,147

Future minimum lease payments in accordance with Topic 840 as of July 31, 2019, reflected by fiscal year, 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					$	340,261

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

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The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
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Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

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-Name Accounting Standards Codification
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