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Balance Sheet Components (Tables)
 3 Months Ended
Oct. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
Accounts Receivables and Allowance for Doubtful Accounts
Accounts receivable, net consists of the following (in thousands):
October 31, 2021July 31, 2021
Accounts receivable$81,112 $105,125 
Allowance for credit losses and revenue reserves(705)(1,057)
Accounts receivable, net$80,407 $104,068 

Allowance for Credit Losses and Revenue Reserves
Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands):
Balance as of July 31, 2021$1,057 
Net changes to credit losses— 
Net changes to revenue reserves(32)
Write-offs, net(320)
Balance as of October 31, 2021$705 
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
October 31, 2021July 31, 2021
Prepaid expenses$23,563 $20,330 
Contract costs13,805 13,365 
Deferred costs8,657 9,247 
Deposits and other receivables11,295 9,787 
Restricted cash(1)
14,124 — 
Prepaid expenses and other current assets$71,444 $52,729 
(1) Restricted cash represents the short term portion of the acquisition consideration holdback of $3.3 million which is in escrow and funds in transit as of October 31, 2021 of $10.8 million for the purchase of strategic equity investments that had not closed as of the end of the first quarter of fiscal year 2022.
Property and equipment Property and equipment consist of the following (in thousands):
October 31, 2021July 31, 2021
Computer hardware$19,361 $19,256 
Purchased software5,998 6,002 
Capitalized software development costs27,545 24,025 
Equipment and machinery12,240 12,214 
Furniture and fixtures11,791 11,482 
Leasehold improvements60,052 57,960 
Total property and equipment136,987 130,939 
Less accumulated depreciation(54,213)(50,878)
Property and equipment, net$82,774 $80,061 
Schedule of Goodwill
Changes in the carrying amount of goodwill were as follows (in thousands):
Goodwill, July 31, 2021$340,877 
Addition — HazardHub acquisition31,185 
Goodwill, October 31, 2021$372,062 
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, 2021July 31, 2021
Remaining Weighted-Average Useful Life (in years)CostAccumulated AmortizationNet Book ValueCostAccumulated AmortizationNet Book Value
Intangible assets:
Acquired technology3.4$103,300 $88,311 $14,989 $93,600 $86,367 $7,233 
Customer contracts and related relationships3.840,800 26,122 14,678 35,700 24,432 11,268 
Partner relationships3.4200 124 76 200 119 81 
Trademarks4.73,400 1,455 1,945 2,500 1,339 1,161 
Order backlog0.08,700 8,700 — 8,700 8,700 — 
Total3.6$156,400 $124,712 $31,688 $140,700 $120,957 $19,743 
Future Amortization Expense The future amortization expense for existing intangible assets as of October 31, 2021, based on their current useful lives, is as follows (in thousands):
Fiscal year ending July 31,
2022 (remainder of fiscal year)$10,327 
20236,888 
20245,468 
20255,026 
20263,572 
Thereafter407 
Total$31,688 
Other Assets
Other assets consist of the following (in thousands):
October 31, 2021July 31, 2021
Prepaid expenses$2,974 $3,276 
Contract costs29,061 28,870 
Deferred costs2,175 2,777 
Strategic equity investments3,556 3,556 
Restricted cash(2)
4,976 — 
Other assets$42,742 $38,479 
(2) Restricted cash represents the long-term portion of the acquisition consideration holdback.
Accrued Employee Compensation
Accrued Employee Compensation
Accrued employee compensation consists of the following (in thousands):
October 31, 2021July 31, 2021
Bonus$12,241 $48,414 
Commission2,233 11,271 
Vacation*
5,746 23,803 
Salaries, payroll taxes, and benefits18,185 18,649 
Accrued employee compensation$38,405 $102,137 
*In the first quarter of fiscal year 2022, the Company paid out accrued vacation for employees in certain countries upon adopting a non-accrued vacation policy effective September 1, 2021.
Other Current Liabilities Other current liabilities consist of the following (in thousands):
October 31, 2021July 31, 2021
Lease liabilities$11,312 $11,624 
Accrued royalties9,165 7,525 
Accrued taxes3,495 6,796 
Other4,029 5,703 
Other current liabilities$28,001 $31,648