Employee Benefit Plan

12 Months Ended

Jul. 31, 2020

Retirement Benefits [Abstract]

Employee Benefit Plan

NOTE 17 — Employee Benefit Plan

The Company sponsors a 401(k) defined contribution plan covering its eligible employees. The plan is available to all U.S. employees who meet minimum age and service requirements and provides employees with tax deferred salary deductions and alternative investment options. The Company matches 20% of employee contributions up to 15% of employee salary deferral. The Company recognized expenses of $1.9 million, $1.7 million, and $0.9 million, for the years ended July 31, 2020, 2019 and 2018, respectively, related to this plan.

The Company also sponsors an additional defined contribution plan for its U.K. employees, which is available to all U.K. employees who meet minimum service requirements. The Company matches up to 5% of employee contributions. The Company recognized expenses of $1.2 million, $0.9 million, and $0.7 million for the years ended July 31, 2020, 2019 and 2018, respectively, related to this plan.