Leases (Tables)

12 Months Ended

Jul. 31, 2021

Leases [Abstract]

Components of lease expense and additional information

The components of lease expense are as follows:

	Fiscal years ended July 31,
	2021		2020
Finance lease expense:
Amortization of ROU assets	$	36,000	$	175,000
Interest on lease liabilities	3,000		4,000
Operating lease expense	12,152,000		10,728,000
Short-term lease expense	819,000		3,045,000
Variable lease expense	4,523,000		4,033,000
Sublease income	(67,000)		(22,000)
Total lease expense	$	17,466,000	$	17,963,000

Additional information related to leases is as follows:

	Fiscal years ended July 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases - Operating cash outflows	$	10,868,000	$	11,437,000
Finance leases - Operating cash outflows	3,000		4,000
Finance leases - Financing cash outflows	38,000		322,000
ROU assets obtained in the exchange for lease liabilities (non-cash):
Operating leases	$	24,987,000	$	3,561,000

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 Consolidated Balance Sheet as of July 31, 2021:

	Operating			Finance			Total
Fiscal 2022	$	10,376,000		$	32,000		$	10,408,000
Fiscal 2023	8,029,000			3,000			8,032,000
Fiscal 2024	6,657,000			—			6,657,000
Fiscal 2025	6,123,000			—			6,123,000
Fiscal 2026	4,675,000			—			4,675,000
Thereafter	20,810,000			—			20,810,000
Total future undiscounted cash flows	56,670,000			35,000			56,705,000
Less: Present value discount	8,260,000			1,000			8,261,000
Lease liabilities	$	48,410,000		$	34,000		$	48,444,000
Weighted-average remaining lease terms (in years)	8.89			1.49
Weighted-average discount rate	3.52		%	7.37		%

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 Consolidated Balance Sheet as of July 31, 2021:

	Operating			Finance			Total
Fiscal 2022	$	10,376,000		$	32,000		$	10,408,000
Fiscal 2023	8,029,000			3,000			8,032,000
Fiscal 2024	6,657,000			—			6,657,000
Fiscal 2025	6,123,000			—			6,123,000
Fiscal 2026	4,675,000			—			4,675,000
Thereafter	20,810,000			—			20,810,000
Total future undiscounted cash flows	56,670,000			35,000			56,705,000
Less: Present value discount	8,260,000			1,000			8,261,000
Lease liabilities	$	48,410,000		$	34,000		$	48,444,000
Weighted-average remaining lease terms (in years)	8.89			1.49
Weighted-average discount rate	3.52		%	7.37		%