Leases

9 Months Ended

Apr. 30, 2026

Leases [Abstract]

Lessee, Operating Leases

LEASES

We have operating leases primarily for real estate properties, including corporate headquarters, customer service and sales offices, manufacturing and packaging facilities, warehouses, and research and development facilities, as well as for rail tracks, railcars and office equipment. Certain of our leases for a shared warehouse and office facility, rail track and railcars have options to extend which we are reasonably certain we will exercise and, accordingly, have been considered in the lease term used to recognize our ROU assets and lease liabilities. To determine the present value of the lease liability, we use an incremental borrowing rate, which is defined as the rate of interest that the Company would have to pay to borrow (on a collateralized basis over a similar term) an amount equal to the lease payments in similar economic environments. Further information about our accounting policy for leases is included in Note 1 of the Notes to the unaudited Condensed Consolidated Financial Statements.

We have no material finance leases, and variable costs for operating leases are immaterial for the nine months ended April 30, 2026. Operating lease costs are included in Cost of Goods Sold or SG&A expenses in the unaudited Condensed Consolidated Statements of Operations based on the nature of the lease. The following table summarizes total lease costs for our operating leases (in thousands):

	For the Three Months Ended April 30,				For the Nine Months Ended April 30,
	2026		2025		2026		2025
Operating lease cost	$	1,249	$	1,337	$	3,709	$	4,076
Short-term operating lease cost	$	446	$	318	$	1,240	$	1,025

Supplemental cash flow information related to leases was as follows (in thousands):

	For the Three Months Ended April 30,				For the Nine Months Ended April 30,
	2026		2025		2026		2025
Cash paid for amounts included in the measurement of operating lease liabilities:	$	1,089	$	1,137	$	3,214	$	3,423
Right-of-use assets obtained in exchange for new operating lease liabilities	$	52	$	—	$	2,433	$	—

Operating lease ROU assets and operating lease liabilities are separately presented on the unaudited Condensed Consolidated Balance Sheet, excluding leases with an initial term of twelve months or less. Other supplemental balance sheet information related to leases was as follows:

	April 30, 2026	July 31, 2025
Weighted-average remaining lease term - operating leases	4.6 years	4.8 years
Weighted-average discount rate - operating leases	5.18%	5.12%

Lease liability maturities as of April 30, 2026 are as follows (in thousands):

Fiscal year 2026 (remaining three months)	$	1,210
Fiscal year 2027	4,331
Fiscal year 2028	3,506
Fiscal year 2029	2,915
Fiscal year 2030	1,661
Thereafter	2,544
Total	16,167
Less: imputed interest	(1,685)
Net lease obligation	$	14,482