Leases (Tables)

9 Months Ended

Apr. 30, 2020

Leases [Abstract]

Components of lease expense and additional information

The components of lease expense are as follows:

	Three months ended April 30, 2020			Nine months ended April 30, 2020
Finance lease expense:
Amortization of ROU assets	$	—		$	152,000
Interest on lease liabilities	—			3,000
Operating lease expense	2,733,000			8,069,000
Short-term lease expense	798,000			2,539,000
Variable lease expense	1,004,000			3,013,000
Sublease income	(5,000		)	(5,000		)
Total lease expense	$	4,530,000		$	13,771,000

Additional information related to leases is as follows:

	Nine months ended April 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases - Operating cash outflows	$	8,681,000
Finance leases - Operating cash outflows	3,000
Finance leases - Financing cash outflows	300,000
ROU assets obtained in the exchange for lease liabilities (non-cash):
Operating leases	$	3,096,000

Future cash flows relating to operating lease liabilities

The following table is a reconciliation of future cash flows relating to operating lease liabilities presented on our Condensed Consolidated Balance Sheet as of April 30, 2020:

	Operating
Remaining portion of fiscal 2020	$	2,666,000
Fiscal 2021	9,116,000
Fiscal 2022	7,730,000
Fiscal 2023	6,231,000
Fiscal 2024	4,878,000
Thereafter	7,013,000
Total future undiscounted cash flows	37,634,000
Less: Present value discount	3,289,000
Lease liabilities	$	34,345,000
Weighted-average remaining lease terms (in years)	4.71
Weighted-average discount rate	4.04		%

Schedule of Future Minimum Rental Payments for Operating Leases

As we have not restated prior year information given our method of adopting the new standard, the following represents our future minimum lease payments for operating leases and capital leases as of July 31, 2019 under ASC Topic 840 and as reported in our Form 10-K filed with the SEC on September 24, 2019:

	Operating		Capital		Total
Fiscal 2020	$	11,812,000	789,000		$	12,601,000
Fiscal 2021	8,723,000		—		8,723,000
Fiscal 2022	7,343,000		—		7,343,000
Fiscal 2023	5,776,000		—		5,776,000
Fiscal 2024	3,430,000		—		3,430,000
Thereafter	7,130,000		—		7,130,000
Total	$	44,214,000	789,000		$	45,003,000
Less amount representing interest	*		32,000		32,000
Present value of net minimum lease payments	*		$	757,000	$	44,971,000

*Not applicable for operating leases

Schedule of Future Minimum Lease Payments for Capital Leases

As we have not restated prior year information given our method of adopting the new standard, the following represents our future minimum lease payments for operating leases and capital leases as of July 31, 2019 under ASC Topic 840 and as reported in our Form 10-K filed with the SEC on September 24, 2019:

	Operating		Capital		Total
Fiscal 2020	$	11,812,000	789,000		$	12,601,000
Fiscal 2021	8,723,000		—		8,723,000
Fiscal 2022	7,343,000		—		7,343,000
Fiscal 2023	5,776,000		—		5,776,000
Fiscal 2024	3,430,000		—		3,430,000
Thereafter	7,130,000		—		7,130,000
Total	$	44,214,000	789,000		$	45,003,000
Less amount representing interest	*		32,000		32,000
Present value of net minimum lease payments	*		$	757,000	$	44,971,000

*Not applicable for operating leases