Leases (Tables)

3 Months Ended

Oct. 31, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense for the three months ended October 31, 2019, were as follows (in thousands):

	Three Months Ended October 31, 2019
Finance leases:
Amortization of the finance ROU assets	$	2,438
Interest on lease liabilities	$	8,509
Operating leases:
Operating lease expense	$	10,037
Short-term lease expense1	$	2,353
Variable lease expense	$	843

¹ Short-term lease expense is attributable to leases with terms of 12 months or less which are not included within the Company’s Consolidated Condensed Balance Sheet.

Leasing Cash Flows, Supplemental Disclosures [Text Block]

The following table presents the supplemental cash flow information associated with the Company’s leasing activities for the three months ended October 31, 2019 (in thousands):

	Three Months Ended October 31, 2019
Cash flow supplemental information:
Operating cash outflows for operating leases	$	11,218
Operating cash outflows for finance leases	$	1,049
Financing cash outflows for finance leases	$	5,387

Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]

Weighted-average remaining lease terms and discount rates are as follows:

	As of October 31, 2019
Weighted-average remaining lease term (in years)
Operating leases	10.9
Finance leases	43.6
Weighted-average discount rate
Operating leases	4.5	%
Finance leases	10.0	%

Schedule of Future Minimum Lease Payments for Operating and Finance Leases [Table Text Block]

Future minimum lease payments for operating and finance leases as of October 31, 2019 reflected by fiscal year (August 1 through July 31) are as follows (in thousands):

	Operating Leases			Finance Leases
2020 (November 2019 through July 2020)	$	38,383		$	21,190
2021	44,188			28,818
2022	41,256			29,394
2023	36,656			29,982
2024	32,899			30,582
Thereafter	165,267			1,805,047
Total future minimum lease payments	358,649			1,945,013
Less amount representing interest	(92,331		)	(1,603,309		)
Total lease liabilities	$	266,318		$	341,704

Future minimum lease payments in accordance with Topic 840 as of July 31, 2019, reflected by fiscal year, are as follows (in thousands):

	Operating Leases		Capital Leases
2020	$	44,984	$	28,253
2021	42,512		28,818
2022	39,440		29,394
2023	34,840		29,982
2024	30,836		30,582
Thereafter	142,526		1,805,048
Total future minimum lease payments	$	335,138	$	1,952,077
Less amount representing interest			(1,611,816		)
Net future minimum lease payments			$	340,261