Leases (Tables)

9 Months Ended

Apr. 30, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense for the three and nine months ended April 30, 2020, were as follows (in thousands):

	Three Months Ended April 30, 2020			Nine Months Ended April 30, 2020
Finance leases:
Amortization of the finance ROU assets	$	2,438		$	7,314
Interest on lease liabilities	$	8,509		$	25,526
Operating leases:
Operating lease expense	$	10,815		$	32,496
Short-term lease expense1	$	3,235		$	11,116
Variable lease (credit) expense	$	(911	)	$	1,270

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 nine months ended April 30, 2020 (in thousands):

	Nine Months Ended April 30, 2020
Cash flow supplemental information:
Operating cash outflows for operating leases	$	48,252
Operating cash outflows for finance leases	$	22,245
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 April 30, 2020
Weighted-average remaining lease term (in years)
Operating leases	10.7
Finance leases	43.1
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 April 30, 2020 reflected by fiscal year (August 1 through July 31) are as follows (in thousands):

	Operating Leases			Finance Leases
2020 (May 2020 through July 2020)	$	9,287		$	7,063
2021	45,370			28,818
2022	42,213			29,394
2023	37,371			29,982
2024	33,628			30,582
Thereafter	164,626			1,805,048
Total future minimum lease payments	332,495			1,930,887
Less amount representing interest	(88,234		)	(1,586,296		)
Total lease liabilities	$	244,261		$	344,591

Future minimum lease payments in accordance with Topic 840 as of July 31, 2019, reflected by fiscal year, were 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