LEASES Level 1 (Notes)

12 Months Ended

Jul. 31, 2019

LEASES

Our mining operations are conducted on property we lease or own. These leases generally provide us with the right to mine as long as we continue to pay a minimum monthly rental, which is typically applied against the per ton royalty when the property is mined. We also lease certain offices and production facilities. In addition, we may lease vehicles, railcars, mining property and equipment, warehouse space, data processing equipment, and office equipment. In most cases, we expect that, in the normal course of business, leases will be renewed or replaced by other leases.

The following is a schedule by fiscal year of future minimum rent requirements under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of July 31, 2019 (in thousands):



2020	$	2,255
2021	$	1,640
2022	$	1,513
2023	$	1,038
2024	$	899
Later years	$	7,422

The following schedule shows the composition of total rent expense by fiscal year for all operating leases, including those with terms of one month or less which were not renewed (in thousands):



	2019		2018
Vehicles and Railcars	$	1,319	$	1,404
Office facilities	626		985
Warehouse facilities	434		408
Mining properties:
Minimum	118		106
Contingent (1)	301		208
Other	75		92
Total	$	2,873	$	3,203

(1) Contingent mining royalty payments are determined based on the tons of raw clay mined.