Stock-Based Compensation (Tables)

9 Months Ended

Apr. 30, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock options expense

Stock option expense is as follows (in millions):

	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
Pretax compensation expense associated with stock options	$	1.8	$	1.3	$	9.3	$	9.0

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2021		2020		2021		2020
Pretax compensation expense associated with performance-based awards	$	(0.8)	$	(0.3)	$	1.2	$	1.5

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	1,004,631	46.61
Exercised	(747,367)	34.95
Canceled/forfeited	(28,414)	50.15
Outstanding as of April 30, 2021	6,762,829	$	43.86

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 April 30, 2021	304,300	$	51.84