Leases (Tables)

9 Months Ended

Apr. 30, 2021

Leases [Abstract]

Components of Lease Cost

Components of operating lease costs were as follows (in thousands):

	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
Operating lease cost1	$	4,375	$	3,802	$	13,247	$	11,544
Variable lease cost	1,487		1,396		4,018		4,031
Sublease income	(397)		(382)		(1,189)		(1,144)
Net operating lease cost	$	5,465	$	4,816	$	16,076	$	14,431

(1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.2 million and $0.3 million for the three months ended April 30, 2021 and 2020, respectively, and $0.8 million and $1.0 million for the nine months ended April 30, 2021 and 2020, respectively.

Future Operating Lease Payments

Future operating lease payments as of April 30, 2021 were as follows (in thousands):

Fiscal Year Ending July 31,
2021 (remainder of fiscal year)	$	3,025
2022	17,967
2023	16,726
2024	16,632
2025	17,001
Thereafter	86,022
Total future lease payments	157,373
Less imputed interest	(27,001)
Total lease liability balance	$	130,372

Supplemental Lease Information

Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):

	April 30, 2021			July 31, 2020
Operating lease assets	$	100,813		$	103,797
Current portion of lease liabilities	$	11,502		$	10,936
Non-current portion of lease liabilities	118,870			119,408
Total lease liabilities	$	130,372		$	130,344
Weighted average remaining lease term (years)	8.93			9.27
Weighted average discount rate	4.19		%	4.34		%

Supplemental Cash And Non-Cash Information

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
Cash payments for operating leases	$	4,194	$	4,361	$	13,561	$	8,945
Operating lease assets obtained in exchange for lease liabilities	$	(77)	$	114	$	6,437	$	600