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Leases, Codification Topic 842 (Tables) | 12 Months Ended
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Jul. 31, 2021
Leases [Abstract] |
Lease, Cost | The following table summarizes lease expense recognized for the fiscal years ended July 31, 2021 and 2020:
| Consolidated Statements of Income Location |  | July 31, 2021 |  | July 31, 2020
Operating lease cost | Cost of goods sold |  | $ | 8,268 |  |  | $ | 9,197 |
Operating lease cost | Selling, general, and administrative expenses |  | 8,625 |  |  | 8,974 |
Lessee, Operating Lease, Liability, Maturity | The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2021:
Years ending July 31, | Operating Leases
2022 | $ | 18,865 |
2023 | 15,286 |
2024 | 8,445 |
2025 | 3,750 |
2026 | 1,602 |
Thereafter | 225 |
Total lease payments | $ | 48,173 |
Less: interest | (2,159) |
Present value of lease liabilities | $ | 46,014 |
Weighted-Average Lease Disclosures | The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2021 and 2020 were as follows:
| July 31, 2021 |  | July 31, 2020
Weighted average remaining lease term (in years) | 3.0 |  | 3.5
Weighted average discount rate | 3.3 | % |  | 3.5 | %
Supplemental Cash Flow Information - Leases | Supplemental cash flow information related to the Company's operating leases for the fiscal years July 31, 2021 and 2020, were as follows:
| Twelve months ended July 31,
| 2021 |  | 2020
Operating cash outflows from operating leases | $ | 18,334 |  |  | $ | 17,123 |
Operating lease assets obtained in exchange for new operating lease liabilities | 16,522 |  |  | 12,641 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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