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LEASES
12 Months Ended
Jul. 31, 2025
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, 2025, July 31, 2024 and July 31, 2023 were as follows:

Fiscal Years Ended July 31,
202520242023
Operating lease cost$35,383 $32,248 $30,200 
Finance lease cost
Amortization of right-of-use assets746 746 746 
Interest on lease liabilities227 305 388 
Total lease cost$36,356 $33,299 $31,334 

Other information related to leases was as follows:

Fiscal Years Ended July 31,
Supplemental Cash Flow Information202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$35,359 $32,167 $30,089 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$11,591 $7,960 $15,426 
July 31,
Supplemental Balance Sheet Information20252024
Operating leases:
Operating lease right-of-use assets$41,755 $43,139 
Operating lease liabilities
Other current liabilities$12,108 $11,405 
Other long-term liabilities30,081 32,007 
Total operating lease liabilities$42,189 $43,412 
Finance leases:
Finance lease right-of-use assets$4,026 $4,772 
Finance lease liabilities
Other current liabilities$968 $855 
Other long-term liabilities898 1,866 
Total finance lease liabilities$1,866 $2,721 
July 31,
20252024
Weighted-average remaining lease term
Operating leases8.8 years9.1 years
Finance leases1.8 years2.8 years
Weighted-average discount rate
Operating leases4.8 %4.8 %
Finance leases9.7 %9.7 %

Future minimum rental payments required under operating and finance leases as of July 31, 2025 were as follows:

Operating LeasesFinance Leases
For the fiscal year ending July 31, 2026$17,476 $1,107 
For the fiscal year ending July 31, 202712,166 896 
For the fiscal year ending July 31, 20288,015 59 
For the fiscal year ending July 31, 20294,591 — 
For the fiscal year ending July 31, 20302,311 — 
For the fiscal year ending July 31, 2031 and thereafter12,789 — 
Total future lease payments$57,348 $2,062 
Less: Amount representing interest(15,159)(196)
Total reported lease liability$42,189 $1,866 
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, 2025, July 31, 2024 and July 31, 2023 were as follows:

Fiscal Years Ended July 31,
202520242023
Operating lease cost$35,383 $32,248 $30,200 
Finance lease cost
Amortization of right-of-use assets746 746 746 
Interest on lease liabilities227 305 388 
Total lease cost$36,356 $33,299 $31,334 

Other information related to leases was as follows:

Fiscal Years Ended July 31,
Supplemental Cash Flow Information202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$35,359 $32,167 $30,089 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$11,591 $7,960 $15,426 
July 31,
Supplemental Balance Sheet Information20252024
Operating leases:
Operating lease right-of-use assets$41,755 $43,139 
Operating lease liabilities
Other current liabilities$12,108 $11,405 
Other long-term liabilities30,081 32,007 
Total operating lease liabilities$42,189 $43,412 
Finance leases:
Finance lease right-of-use assets$4,026 $4,772 
Finance lease liabilities
Other current liabilities$968 $855 
Other long-term liabilities898 1,866 
Total finance lease liabilities$1,866 $2,721 
July 31,
20252024
Weighted-average remaining lease term
Operating leases8.8 years9.1 years
Finance leases1.8 years2.8 years
Weighted-average discount rate
Operating leases4.8 %4.8 %
Finance leases9.7 %9.7 %

Future minimum rental payments required under operating and finance leases as of July 31, 2025 were as follows:

Operating LeasesFinance Leases
For the fiscal year ending July 31, 2026$17,476 $1,107 
For the fiscal year ending July 31, 202712,166 896 
For the fiscal year ending July 31, 20288,015 59 
For the fiscal year ending July 31, 20294,591 — 
For the fiscal year ending July 31, 20302,311 — 
For the fiscal year ending July 31, 2031 and thereafter12,789 — 
Total future lease payments$57,348 $2,062 
Less: Amount representing interest(15,159)(196)
Total reported lease liability$42,189 $1,866