Stock-Based Compensation (Tables)

9 Months Ended

Apr. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock options expense

The following table summarizes expenses associated with stock options during the three and nine months ended April 30, 2020 and 2019 (in millions):

	Three Months Ended April 30,				Nine Months Ended April 30,
	2020		2019		2020		2019
Pretax compensation expense associated with stock options	$	1.3	$	1.4	$	9.0	$	8.3
Tax benefits associated with stock options	$	0.3	$	0.3	$	1.4	$	1.7

The following table summarizes expenses associated with performance-based awards during the three and nine months ended April 30, 2020 and 2019 (in millions):

	Three Months Ended April 30,				Nine Months Ended April 30,
	2020		2019		2020		2019
Pretax compensation expense associated with performance-based awards	$	(0.3)	$	1.5	$	1.5	$	4.5

Summary of stock option activity

The following table summarizes stock option activity during the nine months ended April 30, 2020:

	Options Outstanding	Weighted Average Exercise Price
Outstanding as of July 31, 2019	6,531,250	$	39.66
Granted	929,941	51.96
Exercised	(667,564)	29.79
Canceled	(79,279)	52.37
Outstanding as of April 30, 2020	6,714,348	$	42.19

Schedule of performance shares activity

The following table summarizes performance-based award activity during the nine months ended April 30, 2020:

	Performance Shares Outstanding	Weighted Average Grant Date Fair Value
Non-vested at July 31, 2019	174,100	$	52.87
Granted	100,500	51.61
Vested	—	—
Canceled/forfeited	(2,500)	58.35
Non-vested at April 30, 2020	272,100	$	52.35