Leases, Codification Topic 842 (Tables)

12 Months Ended

Jul. 31, 2021

Leases [Abstract]

Lease, Cost

The following table summarizes lease expense recognized for the fiscal years ended July 31, 2021 and 2020:

	Consolidated Statements of Income Location	July 31, 2021		July 31, 2020
Operating lease cost	Cost of goods sold	$	8,268	$	9,197
Operating lease cost	Selling, general, and administrative expenses	8,625		8,974

Lessee, Operating Lease, Liability, Maturity

The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2021:

Years ending July 31,	Operating Leases
2022	$	18,865
2023	15,286
2024	8,445
2025	3,750
2026	1,602
Thereafter	225
Total lease payments	$	48,173
Less: interest	(2,159)
Present value of lease liabilities	$	46,014

Weighted-Average Lease Disclosures

The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2021 and 2020 were as follows:

	July 31, 2021		July 31, 2020
Weighted average remaining lease term (in years)	3.0		3.5
Weighted average discount rate	3.3	%	3.5	%

Supplemental Cash Flow Information - Leases

Supplemental cash flow information related to the Company's operating leases for the fiscal years July 31, 2021 and 2020, were as follows:

	Twelve months ended July 31,
	2021		2020
Operating cash outflows from operating leases	$	18,334	$	17,123
Operating lease assets obtained in exchange for new operating lease liabilities	16,522		12,641