LEASES

12 Months Ended

Jul. 31, 2024

Leases [Abstract]

LEASES

LEASES

The Company has operating leases primarily for land, buildings and equipment and has various finance leases for certain land and buildings principally expiring through 2035.

Certain of the Company’s leases include options to extend or terminate the leases and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised.

The Company does not include significant restrictions or covenants in our lease agreements, and residual value guarantees are not generally included within our operating leases.

The components of lease costs for the fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022 were as follows:

	Fiscal Year Ended July 31,
	2024		2023		2022
Operating lease cost	$	32,248	$	30,200	$	27,391
Finance lease cost
Amortization of right-of-use assets	746		746		746
Interest on lease liabilities	305		388		471
Total lease cost	$	33,299	$	31,334	$	28,608

Other information related to leases was as follows:

	Fiscal Year Ended July 31,
Supplemental Cash Flow Information	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	32,167	$	30,089	$	27,364
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	7,960	$	15,426	$	21,258

	July 31,
Supplemental Balance Sheet Information	2024		2023
Operating leases:
Operating lease right-of-use assets	$	43,139	$	47,969
Operating lease liabilities
Other current liabilities	$	11,405	$	11,238
Other long-term liabilities	32,007		36,775
Total operating lease liabilities	$	43,412	$	48,013
Finance leases:
Finance lease right-of-use assets	$	4,772	$	5,518
Finance lease liabilities
Other current liabilities	$	855	$	754
Other long-term liabilities	1,866		2,722
Total finance lease liabilities	$	2,721	$	3,476

	July 31,
	2024		2023
Weighted-average remaining lease term
Operating leases	9.1 years		9.3 years
Finance leases	2.8 years		3.8 years
Weighted-average discount rate
Operating leases	4.8	%	4.7	%
Finance leases	9.7	%	9.7	%

Future minimum rental payments required under operating and finance leases as of July 31, 2024 were as follows:

	Operating Leases		Finance Leases
For the fiscal year ending July 31, 2025	$	17,182	$	1,083
For the fiscal year ending July 31, 2026	12,169		1,107
For the fiscal year ending July 31, 2027	8,204		896
For the fiscal year ending July 31, 2028	5,135		58
For the fiscal year ending July 31, 2029	3,310		—
For the fiscal year ending July 31, 2030 and thereafter	13,678		—
Total future lease payments	$	59,678	$	3,144
Less: Amount representing interest	(16,266)		(423)
Total reported lease liability	$	43,412	$	2,721

LEASES

LEASES

The Company has operating leases primarily for land, buildings and equipment and has various finance leases for certain land and buildings principally expiring through 2035.

Certain of the Company’s leases include options to extend or terminate the leases and these options have been included in the relevant lease term to the extent that they are reasonably certain to be exercised.

The Company does not include significant restrictions or covenants in our lease agreements, and residual value guarantees are not generally included within our operating leases.

The components of lease costs for the fiscal years ended July 31, 2024, July 31, 2023 and July 31, 2022 were as follows:

	Fiscal Year Ended July 31,
	2024		2023		2022
Operating lease cost	$	32,248	$	30,200	$	27,391
Finance lease cost
Amortization of right-of-use assets	746		746		746
Interest on lease liabilities	305		388		471
Total lease cost	$	33,299	$	31,334	$	28,608

Other information related to leases was as follows:

	Fiscal Year Ended July 31,
Supplemental Cash Flow Information	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	32,167	$	30,089	$	27,364
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	7,960	$	15,426	$	21,258

	July 31,
Supplemental Balance Sheet Information	2024		2023
Operating leases:
Operating lease right-of-use assets	$	43,139	$	47,969
Operating lease liabilities
Other current liabilities	$	11,405	$	11,238
Other long-term liabilities	32,007		36,775
Total operating lease liabilities	$	43,412	$	48,013
Finance leases:
Finance lease right-of-use assets	$	4,772	$	5,518
Finance lease liabilities
Other current liabilities	$	855	$	754
Other long-term liabilities	1,866		2,722
Total finance lease liabilities	$	2,721	$	3,476

	July 31,
	2024		2023
Weighted-average remaining lease term
Operating leases	9.1 years		9.3 years
Finance leases	2.8 years		3.8 years
Weighted-average discount rate
Operating leases	4.8	%	4.7	%
Finance leases	9.7	%	9.7	%

Future minimum rental payments required under operating and finance leases as of July 31, 2024 were as follows:

	Operating Leases		Finance Leases
For the fiscal year ending July 31, 2025	$	17,182	$	1,083
For the fiscal year ending July 31, 2026	12,169		1,107
For the fiscal year ending July 31, 2027	8,204		896
For the fiscal year ending July 31, 2028	5,135		58
For the fiscal year ending July 31, 2029	3,310		—
For the fiscal year ending July 31, 2030 and thereafter	13,678		—
Total future lease payments	$	59,678	$	3,144
Less: Amount representing interest	(16,266)		(423)
Total reported lease liability	$	43,412	$	2,721