Balance Sheet Components (Tables)

3 Months Ended

Oct. 31, 2020

Balance Sheet Related Disclosures [Abstract]

Accounts Receivables and Allowance for Doubtful Accounts

Accounts receivable, net consists of the following (in thousands):

	October 31, 2020		July 31, 2020
Accounts receivable	$	79,528	$	115,518
Allowance for credit losses and revenue reserves	(1,233)		(1,276)
Accounts receivable, net	$	78,295	$	114,242

Allowance for Credit Losses and Revenue Reserves

Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands):

Allowance, July 31, 2020	$	1,276
Net changes to credit losses	—
Net changes to revenue reserves	(43)
Write-offs, net	—
Allowance, October 31, 2020	$	1,233

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):

	October 31, 2020		July 31, 2020
Prepaid expenses	$	16,363	$	16,969
Contract costs	10,011		9,588
Deferred costs	7,881		8,399
Deposits and other receivables	11,496		11,033
Prepaid expenses and other current assets	$	45,751	$	45,989

Property and equipment

Property and equipment consist of the following (in thousands):

	October 31, 2020		July 31, 2020
Computer hardware	$	17,051	$	16,791
Purchased software	5,843		5,445
Capitalized software development costs	14,746		11,620
Equipment and machinery	11,545		11,438
Furniture and fixtures	9,762		9,792
Leasehold improvements	48,682		46,165
Total property and equipment	107,629		101,251
Less accumulated depreciation	(40,213)		(36,016)
Property and equipment, net	$	67,416	$	65,235

Schedule of Finite-Lived Intangible Assets

The Company’s intangible assets are amortized over their estimated useful lives. Intangible assets consist of the following (in thousands):

		October 31, 2020						July 31, 2020
	Remaining Weighted-Average Useful Life (in years)	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Intangible assets:
Acquired technology	1.6	$	93,600	$	77,717	$	15,883	$	93,600	$	73,191	$	20,409
Customer contracts and related relationships	3.6	35,700		19,983		15,717		35,700		18,500		17,200
Partner relationships	4.4	200		102		98		200		96		104
Trademarks	4.0	2,500		1,071		1,429		2,500		982		1,518
Order backlog	0.3	8,700		8,442		258		8,700		8,223		477
Total	2.6	$	140,700	$	107,315	$	33,385	$	140,700	$	100,992	$	39,708

Future Amortization Expense

The future amortization expense for existing intangible assets as of October 31, 2020, based on their current useful lives, is as follows (in thousands):

Fiscal year ending July 31,
2021 (remainder of fiscal year)	$	13,642
2022	11,143
2023	3,799
2024	2,379
2025	1,938
Thereafter	484
Total future amortization expense	$	33,385

Other Assets

Other assets consist of the following (in thousands):

	October 31, 2020		July 31, 2020
Prepaid expenses	$	4,577	$	2,830
Contract costs	23,838		25,221
Deferred costs	4,916		5,729
Strategic equity investments	3,181		1,164
Other assets	$	36,512	$	34,944

Accrued Employee Compensation

Accrued Employee Compensation

Accrued employee compensation consists of the following (in thousands):

	October 31, 2020		July 31, 2020
Bonus	$	10,858	$	20,188
Commission	1,116		7,201
Vacation	22,143		20,637
Salaries, payroll taxes and benefits	10,883		10,521
Accrued employee compensation	$	45,000	$	58,547

Other Current Liabilities

Other current liabilities consist of the following (in thousands):

	October 31, 2020		July 31, 2020
Lease liabilities	$	11,580	$	10,936
Accrued royalties	5,725		6,651
Accrued taxes	2,116		3,817
Other	3,417		4,302
Other current liabilities	$	22,838	$	25,706