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Leases
 6 Months Ended
Jan. 31, 2024
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, 2024 and January 31, 2023 were as
follows:

Three Months Ended January 31,Six Months Ended January 31,
2024202320242023
Operating lease cost$7,628 $7,584 $15,639 $14,463 
Finance lease cost
Amortization of right-of-use assets187 187 373 373 
Interest on lease liabilities78 100 161 205 
Total lease cost$7,893 $7,871 $16,173 $15,041 

Other information related to leases was as follows:

Six Months Ended January 31,
Supplemental Cash Flows Information20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$15,593 $14,405 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$2,108 $12,464 
Supplemental Balance Sheet InformationJanuary 31, 2024July 31, 2023
Operating leases:
Operating lease right-of-use assets$43,741 $47,969 
Operating lease liabilities:
Other current liabilities$10,713 $11,238 
Other long-term liabilities33,197 36,775 
Total operating lease liabilities$43,910 $48,013 
Finance leases:
Finance lease right-of-use assets$5,145 $5,518 
Finance lease liabilities:
Other current liabilities$804 $754 
Other long-term liabilities2,307 2,722 
Total finance lease liabilities$3,111 $3,476 
January 31, 2024July 31, 2023
Weighted-average remaining lease term:
Operating leases9.4 years9.3 years
Finance leases3.3 years3.8 years
Weighted-average discount rate:
Operating leases4.8 %4.7 %
Finance leases9.7 %9.7 %

Future minimum payments required under operating and finance leases as of January 31, 2024 were as follows:

Operating LeasesFinance Leases
 For the remainder of the fiscal year ending July 31, 2024$8,838 $532 
For the fiscal year ending July 31, 202513,938 1,083 
For the fiscal year ending July 31, 20269,924 1,107 
For the fiscal year ending July 31, 20276,707 896 
For the fiscal year ending July 31, 2028 4,309 59 
For the fiscal year ending July 31, 2029 and thereafter16,250 — 
Total future lease payments59,966 3,677 
Less: Amount representing interest(16,056)(566)
Total reported lease liability$43,910 $3,111 
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, 2024 and January 31, 2023 were as
follows:

Three Months Ended January 31,Six Months Ended January 31,
2024202320242023
Operating lease cost$7,628 $7,584 $15,639 $14,463 
Finance lease cost
Amortization of right-of-use assets187 187 373 373 
Interest on lease liabilities78 100 161 205 
Total lease cost$7,893 $7,871 $16,173 $15,041 

Other information related to leases was as follows:

Six Months Ended January 31,
Supplemental Cash Flows Information20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$15,593 $14,405 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$2,108 $12,464 
Supplemental Balance Sheet InformationJanuary 31, 2024July 31, 2023
Operating leases:
Operating lease right-of-use assets$43,741 $47,969 
Operating lease liabilities:
Other current liabilities$10,713 $11,238 
Other long-term liabilities33,197 36,775 
Total operating lease liabilities$43,910 $48,013 
Finance leases:
Finance lease right-of-use assets$5,145 $5,518 
Finance lease liabilities:
Other current liabilities$804 $754 
Other long-term liabilities2,307 2,722 
Total finance lease liabilities$3,111 $3,476 
January 31, 2024July 31, 2023
Weighted-average remaining lease term:
Operating leases9.4 years9.3 years
Finance leases3.3 years3.8 years
Weighted-average discount rate:
Operating leases4.8 %4.7 %
Finance leases9.7 %9.7 %

Future minimum payments required under operating and finance leases as of January 31, 2024 were as follows:

Operating LeasesFinance Leases
 For the remainder of the fiscal year ending July 31, 2024$8,838 $532 
For the fiscal year ending July 31, 202513,938 1,083 
For the fiscal year ending July 31, 20269,924 1,107 
For the fiscal year ending July 31, 20276,707 896 
For the fiscal year ending July 31, 2028 4,309 59 
For the fiscal year ending July 31, 2029 and thereafter16,250 — 
Total future lease payments59,966 3,677 
Less: Amount representing interest(16,056)(566)
Total reported lease liability$43,910 $3,111