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Leases, Codification Topic 842 (Tables)
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Leases [Abstract]    
Lease, Cost
The following table summarizes lease expense recognized for the fiscal year ended July 31, 2020:
 Consolidated Statements of Income Location2020
Operating lease costCost of goods sold$9,197 
Operating lease costSelling, general, and administrative expenses8,974 
 
Lessee, Operating Lease, Liability, Maturity
The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2020:
Years ended July 31, Operating Leases
2021$16,684 
202214,703 
20239,819 
20245,677 
20252,413 
Thereafter955 
Total lease payments$50,251 
Less: interest(2,965)
Present value of lease liabilities$47,286 
 
Weighted-Average Lease Disclosures
The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2020 were as follows:
July 31, 2020
Weighted average remaining lease term (in years)3.5
Weighted average discount rate3.5 %
 
Schedule of Future Minimum Rental Payments for Operating Leases  
The following table summarizes future minimum lease payments under operating leases as of July 31, 2019:
Years ended July 31, Operating Leases
2020$18,450 
202116,132 
202213,439 
202310,065 
20245,656 
Thereafter3,502 
Total future minimum lease payments$67,244