Leases (Tables)

6 Months Ended

Jan. 31, 2021

Leases [Abstract]

Components of lease expense and additional information

The components of lease expense are as follows:

	Three months ended January 31,			Six months ended January 31,
	2021		2020	2021		2020
Finance lease expense:
Amortization of ROU assets	$	16,000	44,000	$	28,000	152,000
Interest on lease liabilities	1,000		1,000	2,000		3,000
Operating lease expense	2,861,000		2,699,000	5,349,000		5,336,000
Short-term lease expense	255,000		878,000	502,000		1,741,000
Variable lease expense	1,190,000		1,016,000	2,154,000		2,009,000
Sublease income	(16,000)		—	(33,000)		—
Total lease expense	$	4,307,000	4,638,000	$	8,002,000	9,241,000

Additional information related to leases is as follows:

	Six months ended January 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases - Operating cash outflows	$	5,050,000	$	5,725,000
Finance leases - Operating cash outflows	2,000		3,000
Finance leases - Financing cash outflows	28,000		300,000
ROU assets obtained in the exchange for lease liabilities (non-cash):
Operating leases	$	25,663,000	$	1,823,000

Future cash flows relating to operating lease liabilities

The following table is a reconciliation of future cash flows relating to operating and financing lease liabilities presented on our Condensed Consolidated Balance Sheet as of January 31, 2021:

	Operating		Finance	Total
Remainder of fiscal 2021	$	5,355,000	16,000	$	5,371,000
Fiscal 2022	10,063,000		13,000	10,076,000
Fiscal 2023	8,502,000		3,000	8,505,000
Fiscal 2024	7,159,000		—	7,159,000
Fiscal 2025	6,531,000		—	6,531,000
Thereafter	25,128,000		—	25,128,000
Total future undiscounted cash flows	62,738,000		32,000	62,770,000
Less: Present value discount	8,708,000		3,000	8,711,000
Lease liabilities	$	54,030,000	29,000	$	54,059,000
Weighted-average remaining lease terms (in years)	8.75		1.42
Weighted-average discount rate	3.56%		6.02%

Future minimum lease payments for finance lease liabilities

The following table is a reconciliation of future cash flows relating to operating and financing lease liabilities presented on our Condensed Consolidated Balance Sheet as of January 31, 2021:

	Operating		Finance	Total
Remainder of fiscal 2021	$	5,355,000	16,000	$	5,371,000
Fiscal 2022	10,063,000		13,000	10,076,000
Fiscal 2023	8,502,000		3,000	8,505,000
Fiscal 2024	7,159,000		—	7,159,000
Fiscal 2025	6,531,000		—	6,531,000
Thereafter	25,128,000		—	25,128,000
Total future undiscounted cash flows	62,738,000		32,000	62,770,000
Less: Present value discount	8,708,000		3,000	8,711,000
Lease liabilities	$	54,030,000	29,000	$	54,059,000
Weighted-average remaining lease terms (in years)	8.75		1.42
Weighted-average discount rate	3.56%		6.02%