Leases (Tables)

12 Months Ended

Jul. 31, 2020

Leases [Abstract]

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to our leases follows:

Lease Type	July 31, 2020
Assets:
Operating lease assets	$	44,267
Finance lease assets	4,417
Right-of-use assets, net	$	48,684
Liabilities:
Operating lease liabilities	$	9,852
Finance lease liabilities	416
Current portion of lease liabilities	10,268
Operating lease liabilities	36,515
Finance lease liabilities	4,164
Long-term lease liabilities	40,679
Total lease liabilities	$	50,947

Additional Lease Data	July 31, 2020
Weighted average remaining lease term:
Operating leases	6.11 years
Finance leases	5.86 years
Weighted average discount rate:
Operating leases	2.73	%
Finance leases	23.39	%

Schedule of operating lease maturity

At July 31, 2020, maturities of lease liabilities for the periods set forth below were as follows:

Fiscal year	Operating		Finance		Total
2021	10,938		1,446		12,384
2022	8,976		1,432		10,408
2023	7,903		1,425		9,328
2024	6,739		1,434		8,173
2025	5,011		1,422		6,433
Thereafter	11,279		922		12,201
Total lease payments	50,846		8,081		58,927
Less: interest	(4,479)		(3,501)		(7,980)
Present value of lease liabilities	$	46,367	$	4,580	$	50,947

Schedule of finance lease maturity

At July 31, 2020, maturities of lease liabilities for the periods set forth below were as follows:

Fiscal year	Operating		Finance		Total
2021	10,938		1,446		12,384
2022	8,976		1,432		10,408
2023	7,903		1,425		9,328
2024	6,739		1,434		8,173
2025	5,011		1,422		6,433
Thereafter	11,279		922		12,201
Total lease payments	50,846		8,081		58,927
Less: interest	(4,479)		(3,501)		(7,980)
Present value of lease liabilities	$	46,367	$	4,580	$	50,947

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:

	Year Ended July 31, 2020
Operating lease costs
Amortization of right-of-use assets	$	10,292
Interest on lease obligations	1,226
Finance lease costs:
Amortization of right-of-use assets	650
Interest on lease obligations	885
Variable lease costs	3,256
Short-term lease costs	1,427
Net lease cost	$	17,736

Supplemental cash flow information related to leases follows:

	Year Ended July 31, 2020
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases(1)	$	20,450
Finance leases(2)	$	4,920

_______________________________________________

(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.