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Leases (Tables)
12 Months Ended
Jul. 31, 2020
Leases [Abstract]  
Summary of Lease Cost
Components of operating lease costs were as follows (in thousands):
Fiscal year ended July 31, 2020
Operating lease cost (1)
$15,275 
Variable lease cost5,821 
Sublease income(1,430)
Net operating lease cost$19,666 
(1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.9 million for the fiscal year ended July 31, 2020.
Supplemental information related to operating leases was as follows (in thousands, except for lease term and discount rate):
July 31, 2020
Operating lease assets
$103,797 
Current portion of lease liabilities
$10,936 
Non-current portion of lease liabilities
119,408 
Total lease liabilities
$130,344 
Weighted average remaining lease term (years)
9.27
Weighted average discount rate
4.34 %

Supplemental cash and non-cash information related to operating leases was as follows (in thousands):

Fiscal Year ended July 31, 2020
Cash payments for operating leases$9,584 
Operating lease assets obtained in exchange for lease liabilities$23,032 
Summary of Lease Maturities Future operating lease payments as of July 31, 2020 were as follows (in thousands):
Fiscal year ending July 31,
2021$15,660 
2022$17,784 
2023$16,211 
2024$15,793 
2025$16,152 
Thereafter$78,886 
Total future lease payments
$160,486 
Less imputed interest$(30,142)
Total lease liability balance
$130,344