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Leases
 6 Months Ended
Jan. 31, 2022
Leases [Abstract]  
Leases Leases
The Company has operating leases principally for land, buildings and equipment, and has various finance leases for certain land and buildings expiring through 2035.

Certain of the Company’s leases include options to extend or terminate the leases, and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised.

The Company does not include significant restrictions or covenants in our lease agreements, and residual value guarantees are not generally included within our operating leases.

The components of lease costs for the three and six-month periods ended January 31, 2022 and January 31, 2021 were as
follows:

Three Months Ended January 31,Six Months Ended January 31,
2022202120222021
Operating lease cost$6,908 $3,881 $13,216 $7,758 
Finance lease cost
Amortization of right-of-use assets187 175 373 311 
Interest on lease liabilities120 131 245 257 
Total lease cost$7,215 $4,187 $13,834 $8,326 

Other information related to leases was as follows:

Six Months Ended January 31,
Supplemental Cash Flows Information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$13,193 $7,710 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$11,598 $7,204 
Finance leases$— $4,000 
Supplemental Balance Sheet InformationJanuary 31, 2022July 31, 2021
Operating leases:
Operating lease right-of-use assets$46,468 $42,601 
Operating lease liabilities:
Other current liabilities$9,922 $8,944 
Other long-term liabilities36,881 33,923 
Total operating lease liabilities$46,803 $42,867 
Finance leases:
Finance lease right-of-use assets$6,637 $7,010 
Finance lease liabilities
Other current liabilities$1,131 $1,081 
Other long-term liabilities4,115 4,694 
Total finance lease liabilities$5,246 $5,775 

January 31, 2022July 31, 2021
Weighted-average remaining lease term:
Operating leases10.3 years11.1 years
Finance leases4.7 years5.1 years
Weighted-average discount rate:
Operating leases3.4 %3.2 %
Finance leases9.1 %8.9 %

Future minimum rental payments required under operating and finance leases as of January 31, 2022 were as follows:

Operating LeasesFinance Leases
 For the remainder of the fiscal year ending July 31, 2022$8,159 $780 
For the fiscal year ending July 31, 202313,052 1,578 
For the fiscal year ending July 31, 20249,908 1,059 
For the fiscal year ending July 31, 20256,888 1,083 
For the fiscal year ending July 31, 2026 5,001 1,107 
For the fiscal year ending July 31, 2027 and thereafter20,678 954 
Total future lease payments63,686 6,561 
Less: amount representing interest(16,883)(1,315)
Total reported lease liability$46,803 $5,246 
Leases Leases
The Company has operating leases principally for land, buildings and equipment, and has various finance leases for certain land and buildings expiring through 2035.

Certain of the Company’s leases include options to extend or terminate the leases, and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised.

The Company does not include significant restrictions or covenants in our lease agreements, and residual value guarantees are not generally included within our operating leases.

The components of lease costs for the three and six-month periods ended January 31, 2022 and January 31, 2021 were as
follows:

Three Months Ended January 31,Six Months Ended January 31,
2022202120222021
Operating lease cost$6,908 $3,881 $13,216 $7,758 
Finance lease cost
Amortization of right-of-use assets187 175 373 311 
Interest on lease liabilities120 131 245 257 
Total lease cost$7,215 $4,187 $13,834 $8,326 

Other information related to leases was as follows:

Six Months Ended January 31,
Supplemental Cash Flows Information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$13,193 $7,710 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$11,598 $7,204 
Finance leases$— $4,000 
Supplemental Balance Sheet InformationJanuary 31, 2022July 31, 2021
Operating leases:
Operating lease right-of-use assets$46,468 $42,601 
Operating lease liabilities:
Other current liabilities$9,922 $8,944 
Other long-term liabilities36,881 33,923 
Total operating lease liabilities$46,803 $42,867 
Finance leases:
Finance lease right-of-use assets$6,637 $7,010 
Finance lease liabilities
Other current liabilities$1,131 $1,081 
Other long-term liabilities4,115 4,694 
Total finance lease liabilities$5,246 $5,775 

January 31, 2022July 31, 2021
Weighted-average remaining lease term:
Operating leases10.3 years11.1 years
Finance leases4.7 years5.1 years
Weighted-average discount rate:
Operating leases3.4 %3.2 %
Finance leases9.1 %8.9 %

Future minimum rental payments required under operating and finance leases as of January 31, 2022 were as follows:

Operating LeasesFinance Leases
 For the remainder of the fiscal year ending July 31, 2022$8,159 $780 
For the fiscal year ending July 31, 202313,052 1,578 
For the fiscal year ending July 31, 20249,908 1,059 
For the fiscal year ending July 31, 20256,888 1,083 
For the fiscal year ending July 31, 2026 5,001 1,107 
For the fiscal year ending July 31, 2027 and thereafter20,678 954 
Total future lease payments63,686 6,561 
Less: amount representing interest(16,883)(1,315)
Total reported lease liability$46,803 $5,246