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Leases (Tables)
3 Months Ended
Oct. 31, 2024
Leases [Abstract]  
Components of lease expense and additional information
The components of lease expense are as follows:

Three months ended October 31,
20242023
Operating lease expense1,914,000 2,258,000 
Short-term lease expense32,000 108,000 
Variable lease expense1,177,000 1,029,000 
Sublease income(17,000)(17,000)
Total lease expense$3,106,000 3,378,000 

Additional information related to leases is as follows:
Three months ended October 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases - Operating cash outflows$2,130,000 $2,319,000 
ROU assets obtained in the exchange for lease liabilities (non-cash):
Operating leases$— $20,000 
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 October 31, 2024:

Remainder of fiscal 2025$6,149,000 
Fiscal 20266,868,000 
Fiscal 20274,766,000 
Fiscal 20284,028,000 
Fiscal 20293,376,000 
Thereafter16,435,000 
Total future undiscounted cash flows41,622,000 
Less: Present value discount5,251,000 
Lease liabilities$36,371,000 
Weighted-average remaining lease terms (in years)7.76
Weighted-average discount rate3.45%