LEASES

12 Months Ended

Jul. 31, 2022

Leases [Abstract]

LEASES

LEASES

The Company has operating leases primarily for land, buildings and equipment and has various finance leases for certain land and buildings principally 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 fiscal years ended July 31, 2022, July 31, 2021 and July 31, 2020 were as follows:

	Fiscal Year Ended July 31,
	2022		2021		2020
Operating lease cost	$	27,391	$	18,140	$	12,580
Finance lease cost
Amortization of right-of-use assets	746		662		544
Interest on lease liabilities	471		520		531
Total lease cost	$	28,608	$	19,322	$	13,655

Other information related to leases was as follows:

	Fiscal Year Ended July 31,
Supplemental Cash Flow Information	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	27,364	$	18,054	$	12,487
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	21,258	$	16,636	$	4,655
Finance leases	$	—	$	4,000	$	—

	July 31,
Supplemental Balance Sheet Information	2022		2021
Operating leases:
Operating lease right-of-use assets	$	44,407	$	42,601
Operating lease liabilities
Other current liabilities	$	9,406	$	8,944
Other long-term liabilities	34,830		33,923
Total operating lease liabilities	$	44,236	$	42,867
Finance leases:
Finance lease right-of-use assets	$	6,264	$	7,010
Finance lease liabilities
Other current liabilities	$	1,215	$	1,081
Other long-term liabilities	3,476		4,694
Total finance lease liabilities	$	4,691	$	5,775

	July 31,
	2022		2021
Weighted-average remaining lease term
Operating leases	10.2 years		11.1 years
Finance leases	4.4 years		5.1 years
Weighted-average discount rate
Operating leases	3.6	%	3.2	%
Finance leases	9.2	%	8.9	%

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

	Operating Leases		Finance Leases
For the fiscal year ending July 31, 2023	$	14,463	$	1,578
For the fiscal year ending July 31, 2024	11,142		1,059
For the fiscal year ending July 31, 2025	7,900		1,083
For the fiscal year ending July 31, 2026	5,474		1,107
For the fiscal year ending July 31, 2027	3,980		896
For the fiscal year ending July 31, 2028 and thereafter	18,408		58
Total future lease payments	$	61,367	$	5,781
Less: amount representing interest	(17,131)		(1,090)
Total reported lease liability	$	44,236	$	4,691

LEASES

LEASES

The Company has operating leases primarily for land, buildings and equipment and has various finance leases for certain land and buildings principally 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 fiscal years ended July 31, 2022, July 31, 2021 and July 31, 2020 were as follows:

	Fiscal Year Ended July 31,
	2022		2021		2020
Operating lease cost	$	27,391	$	18,140	$	12,580
Finance lease cost
Amortization of right-of-use assets	746		662		544
Interest on lease liabilities	471		520		531
Total lease cost	$	28,608	$	19,322	$	13,655

Other information related to leases was as follows:

	Fiscal Year Ended July 31,
Supplemental Cash Flow Information	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	27,364	$	18,054	$	12,487
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	21,258	$	16,636	$	4,655
Finance leases	$	—	$	4,000	$	—

	July 31,
Supplemental Balance Sheet Information	2022		2021
Operating leases:
Operating lease right-of-use assets	$	44,407	$	42,601
Operating lease liabilities
Other current liabilities	$	9,406	$	8,944
Other long-term liabilities	34,830		33,923
Total operating lease liabilities	$	44,236	$	42,867
Finance leases:
Finance lease right-of-use assets	$	6,264	$	7,010
Finance lease liabilities
Other current liabilities	$	1,215	$	1,081
Other long-term liabilities	3,476		4,694
Total finance lease liabilities	$	4,691	$	5,775

	July 31,
	2022		2021
Weighted-average remaining lease term
Operating leases	10.2 years		11.1 years
Finance leases	4.4 years		5.1 years
Weighted-average discount rate
Operating leases	3.6	%	3.2	%
Finance leases	9.2	%	8.9	%

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

	Operating Leases		Finance Leases
For the fiscal year ending July 31, 2023	$	14,463	$	1,578
For the fiscal year ending July 31, 2024	11,142		1,059
For the fiscal year ending July 31, 2025	7,900		1,083
For the fiscal year ending July 31, 2026	5,474		1,107
For the fiscal year ending July 31, 2027	3,980		896
For the fiscal year ending July 31, 2028 and thereafter	18,408		58
Total future lease payments	$	61,367	$	5,781
Less: amount representing interest	(17,131)		(1,090)
Total reported lease liability	$	44,236	$	4,691