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Defined Contribution Plans
12 Months Ended
Jul. 31, 2024
Retirement Benefits [Abstract]  
Defined Contribution Plans

Note 25—Defined Contribution Plans

 

The Company maintains a 401(k) Plan available to all employees meeting certain eligibility criteria. The plan permits participants to contribute up to the maximum amount allowed by law. The plan provides for discretionary matching contributions that vest over the first five years of employment. The plan permits discretionary matching contributions to be granted as of December 31 of each year. All contributions made by participants vest immediately into the participant’s account. In fiscal 2024, fiscal 2023, and fiscal 2022, the Company’s expense related to the plan was $1.0 million, $1.1 million, and $1.0 million, respectively. The Company’s Class A common stock and Class B common stock are not investment options for the plan’s participants.