Stock-Based Compensation (Tables)

6 Months Ended

Jan. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock options expense

Stock option expense is as follows (in millions):

	Three Months Ended January 31,				Six Months Ended January 31,
	2021		2020		2021		2020
Pretax compensation expense associated with stock options	$	2.3	$	2.4	$	7.4	$	7.7

Performance-based award expense is as follows (in millions):

	Three Months Ended January 31,				Six Months Ended January 31,
	2021		2020		2021		2020
Pretax compensation expense associated with performance-based awards	$	1.2	$	0.9	$	2.1	$	1.8

Summary of stock option activity

Stock option activity is as follows:

	Options Outstanding	Weighted Average Exercise Price
Outstanding as of July 31, 2020	6,533,979	$	42.44
Granted	998,131	46.52
Exercised	(564,012)	34.40
Canceled/forfeited	(23,049)	50.18
Outstanding as of January 31, 2021	6,945,049	$	43.66

Schedule of performance shares activity

Performance-based award activity is as follows:

	Performance Shares Outstanding	Weighted Average Grant Date Fair Value
Non-vested at July 31, 2020	198,200	$	54.93
Granted	106,100	46.06
Vested	—	—
Canceled	—	—
Non-vested at January 31, 2021	304,300	$	51.84