XML 73 R48.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
 12 Months Ended
Jul. 31, 2020
Leases [Abstract]  
Lease cost Information for the Company’s operating lease costs is as follows (in millions):
Year Ended
July 31, 2020
Operating lease cost$30.1 
Short-term lease cost2.4 
Total lease costs
$32.5 
Supplemental balance sheet information
Supplemental balance sheet information for the Company is as follows (in millions):
July 31,
2020		August 1,
2019
Right-of-use lease assets
$73.7 $71.5 
Current lease liabilities25.7 26.0 
Long-term lease liabilities
48.1 45.5 
Additional information related to operating leases is as follows:
July 31,
2020		August 1,
2019
Weighted average remaining lease term (years)4.83.7
Weighted average discount rates3.52 %3.76 %
Operating lease liability schedule
Payments for operating leases having initial terms of more than one year at July 31, 2020 were as follows (in millions):
Amounts Due in Fiscal Year EndingJuly 31,
2020
2021$26.8 
202217.4 
202310.7 
20246.9 
20254.8 
Thereafter13.4 
Total future lease payments80.0 
Less imputed interest6.3 
Present value of future lease payments$73.7 
Right-of-use lease assets obtained in exchange for new lease liabilities were $33.1 million for the year ended July 31, 2020.
Disclosures Related to Periods Prior to Adoption of New Lease Standard
Operating Leases The Company enters into operating leases primarily for office and warehouse facilities, production and non-production equipment, automobiles and computer equipment. Total expense recorded under operating leases for years ended July 31, 2019 and 2018, was $30.8 million and $35.2 million, respectively.
Operating lease liability schedule
Payments for operating leases having initial terms of more than one year at July 31, 2019 were as follows (in millions):
Amounts Due in Fiscal Year EndingJuly 31,
2019
2020$24.0 
202117.5 
202211.3 
20236.4 
20244.6 
Thereafter19.0 
Total future lease payments$82.8