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Stock-Based Compensation (Tables)
 6 Months Ended
Jan. 31, 2018
Restricted Stock Unit ("RSU")  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Performance Based RSU Awards Granted

 

 

 

 

Target

 

 

 

 

 

 

 

 

Expected

 

 

Shares

 

 

 

Series

 

Award

 

 

Grant Date

 

 

Measurement

 

Percentage of

 

 

Expected

 

Date of Grant

 

Award

 

Shares

 

 

Fair Value

 

 

Period Ending

 

Vesting(1)

 

 

to Vest

 

Fiscal Year 2018 Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      12/5/2017

 

Series 4, Tranche 1

 

 

27,541

 

 

$

54.09

 

 

7/31/2020

 

 

100

%

 

 

27,541

 

      12/5/2017

 

Series 4, Tranche 2

 

 

27,542

 

 

$

54.09

 

 

7/31/2020

 

 

172

%

 

 

47,371

 

      12/5/2017

 

Series 3

 

 

14,000

 

 

$

54.09

 

 

7/31/2018

 

 

100

%

 

 

14,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2017 Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      12/8/2016

 

Series 1

 

 

10,531

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeitures(2)

 

 

(654

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Series 1

 

 

9,877

 

 

$

34.95

 

 

7/31/2019

 

 

184

%

 

 

18,210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      4/28/2017

 

Series 4, Tranche 1

 

 

4,545

 

 

$

52.55

 

 

7/31/2019

 

 

 

 

 

 

 

 

      10/21/2016

 

Series 4, Tranche 1

 

 

44,337

 

 

$

29.11

 

 

7/31/2019

 

 

 

 

 

 

 

 

 

 

Forfeitures(2)

 

 

(4,957

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Series 4, Tranche 1

 

 

43,925

 

 

 

 

 

 

 

 

 

100

%

 

 

43,925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      4/28/2017

 

Series 4, Tranche 2

 

 

4,546

 

 

$

52.55

 

 

7/31/2019

 

 

 

 

 

 

 

 

      10/21/2016

 

Series 4, Tranche 2

 

 

44,337

 

 

$

29.11

 

 

7/31/2019

 

 

 

 

 

 

 

 

 

 

Forfeitures(2)

 

 

(4,957

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Series 4, Tranche 2

 

 

43,926

 

 

 

 

 

 

 

 

 

184

%

 

 

80,986

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2016 Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      3/10/2016

 

Series 1

 

 

14,625

 

 

$

21.89

 

 

10/31/2018

 

 

 

 

 

 

 

 

1/29/2016

 

Series 1

 

 

57,163

 

 

$

21.80

 

 

10/31/2018

 

 

 

 

 

 

 

 

 

 

Forfeitures(2)

 

 

(12,983

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Series 1

 

 

58,805

 

 

 

 

 

 

 

 

 

196

%

 

 

115,503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/19/2016

 

Series 3

 

 

82,938

 

 

$

20.89

 

 

7/31/2020

 

 

151

%

 

 

125,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The percentage vesting for performance-based RSU awards is currently estimated at 184% and 196% of the target award for Series 1 awards granted in fiscal years 2017 and 2016, respectively, 100% and 151% of the target award for Series 3 awards granted in fiscal years 2018 and 2016, respectively, 100% and 172% of the target award for the first and second tranches, respectively, of the Series 4 awards granted in fiscal year 2018, and 100% and 184% of the target award for the first and second tranches, respectively, of the Series 4 awards granted in fiscal year 2017.

 

(2)

Forfeitures include Series 1 and Series 4 awards that were granted to certain employees in fiscal years 2017 and 2016 but that were forfeited at the termination of their employment.
Time Based Shares  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity for Time-Based Stock Awards

A summary of activity for time-based stock awards for the six months ended January 31, 2018 is presented below:

 

 

Shares

 

 

Weighted-Average Grant-Date

Fair Value

 

Non-vested on August 1, 2017

 

 

173,603

 

 

$

24.37

 

Granted (1)

 

 

6,100

 

 

 

56.69

 

Vested(2)

 

 

(15,672

)

 

 

37.48

 

Forfeited

 

 

(385

)

 

 

31.39

 

Non-vested on January 31, 2018

 

 

163,646

 

 

 

24.30

 

 

 

(1)

Includes 4,100 shares granted to non-employee directors for service during the six months ended January 31, 2018.

(2)

Includes 4,100 shares granted to non-employee directors for service for the six months ended January 31, 2018. The shares vest on the date of grant, and the Company recognizes compensation expense on such date. Includes 11,572 time-based RSU awards granted to certain employees and executives, and the Company recognizes compensation expense related to the awards over the respective service periods in accordance with GAAP. Upon vesting, each RSU was converted to one share of common stock.