Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 31, 2019

Summary On Estimated Useful Life Of Property, Plant And Equipment

Depreciation is calculated on the straight-line method, including property, plant and equipment under capital leases, generally based on the following useful lives:



	Estimated Life in Years
Land improvements	10-35
Buildings and building improvements	7-30
Machinery and equipment	2-30
Furniture and fixtures	3-10
Software	3
Vehicles	3-10

Allocation Of Stock-Based Compensation Expense

The following table shows total net stock-based compensation expense for the years ended July 31, 2019, 2018 and 2017 included in the Consolidated Statements of Operations (in thousands):



	Year Ended July 31,
	2019		2018		2017
Mountain stock-based compensation expense	$	16,474	$	15,716	$	14,969
Lodging stock-based compensation expense	3,219		3,215		3,215
Real Estate stock-based compensation expense	163		109		131
Pre-tax stock-based compensation expense	19,856		19,040		18,315
Less: benefit from income taxes	4,589		5,406		6,290
Net stock-based compensation expense	$	15,267	$	13,634	$	12,025