XML 47 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
3 Months Ended
Oct. 31, 2021
Leases [Abstract]  
Components of lease expense and additional information
The components of lease expense are as follows:
Three months ended October 31,
20212020
Finance lease expense:
Amortization of ROU assets$4,000 12,000 
Interest on lease liabilities— 1,000 
Operating lease expense2,924,000 2,488,000 
Short-term lease expense94,000 247,000 
Variable lease expense1,176,000 964,000 
Sublease income(17,000)(17,000)
Total lease expense$4,181,000 3,695,000 

Additional information related to leases is as follows:
Three months ended October 31,
20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases - Operating cash outflows$2,828,000 $2,543,000 
Finance leases - Operating cash outflows— 1,000 
Finance leases - Financing cash outflows6,000 12,000 
ROU assets obtained in the exchange for lease liabilities (non-cash):
Operating leases$6,667,000 $478,000 
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 October 31, 2021:

OperatingFinanceTotal
Remainder of fiscal 2022$8,336,000 12,000 $8,348,000 
Fiscal 20238,709,000 5,000 8,714,000 
Fiscal 20247,353,000 — 7,353,000 
Fiscal 20256,832,000 — 6,832,000 
Fiscal 20265,392,000 — 5,392,000 
Thereafter24,929,000 — 24,929,000 
Total future undiscounted cash flows61,551,000 17,000 61,568,000 
Less: Present value discount8,617,000 3,000 8,620,000 
Lease liabilities$52,934,000 14,000 $52,948,000 
Weighted-average remaining lease terms (in years)8.951.12
Weighted-average discount rate3.45%6.57%
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 October 31, 2021:

OperatingFinanceTotal
Remainder of fiscal 2022$8,336,000 12,000 $8,348,000 
Fiscal 20238,709,000 5,000 8,714,000 
Fiscal 20247,353,000 — 7,353,000 
Fiscal 20256,832,000 — 6,832,000 
Fiscal 20265,392,000 — 5,392,000 
Thereafter24,929,000 — 24,929,000 
Total future undiscounted cash flows61,551,000 17,000 61,568,000 
Less: Present value discount8,617,000 3,000 8,620,000 
Lease liabilities$52,934,000 14,000 $52,948,000 
Weighted-average remaining lease terms (in years)8.951.12
Weighted-average discount rate3.45%6.57%