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Leases (Tables)
6 Months Ended
Jan. 31, 2023
Leases [Abstract]  
Assets and Liabilities, Lessee

Supplemental balance sheet information related to leases is as follows:

 

 

 

As of

 

 

 

July 31,
2022

 

 

January 31,
2023

 

 

 

(in thousands)

 

Operating leases:

 

 

 

 

 

 

Operating lease right-of-use assets, gross

 

$

188,060

 

 

$

191,509

 

Accumulated amortization

 

 

(69,320

)

 

 

(84,798

)

Operating lease right-of-use assets, net

 

$

118,740

 

 

$

106,711

 

Operating lease liabilities—current

 

$

39,801

 

 

$

34,101

 

Operating lease liabilities—non-current

 

 

89,782

 

 

 

80,585

 

Total operating lease liabilities

 

$

129,583

 

 

$

114,686

 

Weighted average remaining lease term (in years):

 

 

5.1

 

 

 

5.0

 

Weighted average discount rate:

 

 

5.7

%

 

 

5.8

%

 

 

 

 

As of

 

 

 

July 31,
2022

 

 

January 31,
2023

 

 

 

(in thousands)

 

Finance leases:

 

 

 

 

 

 

Finance lease right-of-use assets, gross (1)

 

$

13,501

 

 

$

12,879

 

Accumulated amortization (1)

 

 

(3,053

)

 

 

(3,793

)

Finance lease right-of-use assets, net (1)

 

$

10,448

 

 

$

9,086

 

Finance lease liabilities—current (2)

 

$

2,685

 

 

$

2,525

 

Finance lease liabilities—non-current (3)

 

 

7,806

 

 

 

7,042

 

Total finance lease liabilities

 

$

10,491

 

 

$

9,567

 

Weighted average remaining lease term (in years):

 

 

3.9

 

 

 

3.6

 

Weighted average discount rate:

 

 

5.9

%

 

 

6.2

%

 

(1)
Included in the condensed consolidated balance sheets within property and equipment, net.
(2)
Included in the condensed consolidated balance sheets within accrued expenses and other current liabilities.
(3)
Included in the condensed consolidated balance sheets within other liabilities—non-current.
Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to leases is as follows:

 

 

 

Three Months Ended
January 31,

 

 

Six Months Ended
January 31,

 

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of
   lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

12,081

 

 

$

11,914

 

 

$

25,557

 

 

$

23,763

 

Financing cash flows from finance leases

 

$

104

 

 

$

488

 

 

$

323

 

 

$

2,344

 

Lease liabilities arising from obtaining right-of-use assets:

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

 

 

$

4,625

 

 

$

3,950

 

 

$

5,971

 

Finance leases

 

$

3,873

 

 

$

1,543

 

 

$

3,873

 

 

$

1,543

 

Lessee Operating and Finance Lease, Liability, Maturity

The undiscounted cash flows for our operating lease liabilities as of January 31, 2023 were as follows:

 

Fiscal Year Ending July 31:

 

Operating
Leases

 

 

Finance
Leases

 

 

Total

 

 

 

(in thousands)

 

2023

 

$

19,718

 

 

$

1,447

 

 

$

21,165

 

2024

 

 

31,266

 

 

 

3,059

 

 

 

34,325

 

2025

 

 

18,341

 

 

 

3,059

 

 

 

21,400

 

2026

 

 

14,698

 

 

 

2,357

 

 

 

17,055

 

2027

 

 

13,463

 

 

 

647

 

 

 

14,110

 

Thereafter

 

 

38,720

 

 

 

116

 

 

 

38,836

 

Total lease payments

 

 

136,206

 

 

 

10,685

 

 

 

146,891

 

Less: imputed interest

 

 

(21,520

)

 

 

(1,118

)

 

 

(22,638

)

Total lease obligation

 

 

114,686

 

 

 

9,567

 

 

 

124,253

 

Less: current lease obligations

 

 

(34,101

)

 

 

(2,525

)

 

 

(36,626

)

Long-term lease obligations

 

$

80,585

 

 

$

7,042

 

 

$

87,627