Leases (Tables)

9 Months Ended

Apr. 30, 2020

Leases [Abstract]

Components of Lease Cost

Components of operating lease costs were as follows (in thousands):

	Three Months Ended April 30, 2020		Nine Months Ended April 30, 2020
Operating lease cost(1)	$	3,802	$	11,544
Variable lease cost	1,396		4,031
Sublease income	(382)		(1,144)
Net operating lease cost	$	4,816	$	14,431

⁽¹⁾ Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.3 million and $1.0 million for the three and nine months ended April 30, 2020, respectively.

Future Operating Lease Payments

Future operating lease payments as of April 30, 2020 and July 31, 2019 were as follows (in thousands):

	April 30, 2020		July 31, 2019
2020 (remaining of fiscal year)	$	4,072	$	10,707
2021	16,346		15,571
2022	15,038		14,450
2023	13,515		13,344
2024	13,138		13,174
Thereafter	73,444		78,508
Total future lease payments	135,553		145,754
Less imputed interest	(26,521)
Total lease liability balance	$	109,032

Supplemental Lease Information

Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):

	April 30, 2020
Operating lease assets	$	85,902
Current portion of lease liabilities	$	9,922
Non-current portion of lease liabilities	99,110
Total lease liabilities	$	109,032
Weighted average remaining lease term (years)	9.07
Weighted average discount rate	4.36		%

Supplemental Cash And Non-Cash Information

Supplemental cash and non-cash information related to operating leases was as follows (in thousands):

	Three Months Ended April 30, 2020		Nine Months Ended April 30, 2020
Cash payments for operating leases	$	4,361	$	8,945
Operating lease assets obtained in exchange for lease liabilities	$	114	$	600