Leases (Tables)

3 Months Ended

Oct. 31, 2019

Leases [Abstract]

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to our leases follows:

Lease Type	October 31, 2019
Assets:
Operating lease assets	$	46,718
Finance lease assets	4,886
Right-of-use assets, net	$	51,604
Liabilities:
Operating lease liabilities	$	9,425
Finance lease liabilities	327
Current portion of lease liabilities	9,752
Operating lease liabilities	38,803
Finance lease liabilities	4,347
Long-term lease liabilities	43,150
Total lease liabilities	$	52,902
Weighted average remaining lease term:
Operating leases	6.64 years
Finance leases	6.52 years
Weighted average discount rate:
Operating leases	2.75		%
Finance leases	23.67		%

Schedule of operating lease maturity

At October 31, 2019, maturities of lease liabilities for the periods set forth below were as follows:

Fiscal year	Operating			Finance			Total
Remaining 2020	$	7,997		$	1,064		$	9,061
2021	9,436			1,425			10,861
2022	7,498			1,411			8,909
2023	6,664			1,399			8,063
2024	5,934			1,407			7,341
Thereafter	15,868			2,444			18,312
Total lease payments	53,397			9,150			62,547
Less: interest	(5,169		)	(4,476		)	(9,645		)
Present value of lease liabilities	$	48,228		$	4,674		$	52,902

Schedule of finance lease maturity

At October 31, 2019, maturities of lease liabilities for the periods set forth below were as follows:

Fiscal year	Operating			Finance			Total
Remaining 2020	$	7,997		$	1,064		$	9,061
2021	9,436			1,425			10,861
2022	7,498			1,411			8,909
2023	6,664			1,399			8,063
2024	5,934			1,407			7,341
Thereafter	15,868			2,444			18,312
Total lease payments	53,397			9,150			62,547
Less: interest	(5,169		)	(4,476		)	(9,645		)
Present value of lease liabilities	$	48,228		$	4,674		$	52,902

Schedule of future minimum lease payments under non-cancelable operating leases

As previously disclosed in our 2019 Annual Report on Form 10-K and in accordance with our historical accounting under ASC 840, future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) for the periods set forth below were as follows:

Fiscal year	Total
2020	$	9,099
2021	7,671
2022	6,021
2023	5,659
2024	5,159
Thereafter	15,251
Total	$	48,860

Schedule of supplemental income statement and cash flow information

Supplemental income statement information related to our leases follows:

	Three Months Ended October 31, 2019
Operating lease costs	$	2,651
Finance lease costs:
Amortization of right-of-use assets	71
Interest on lease obligations	90
Variable lease costs	846
Short-term lease costs	248
Net lease cost	$	3,906

Supplemental cash flow information related to leases follows:

	Three Months Ended October 31, 2019
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases(1)	$	14,153
Finance leases(2)	$	4,798

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(1) Primarily relates to new warehouse facility included in our Dental segment and operating leases acquired in the Hu-Friedy acquisition.

(2) Includes finance leases acquired in the Hu-Friedy acquisition.