Leases, Codification Topic 842 (Tables)

12 Months Ended

Jul. 31, 2020

Components of lease expense were as follows:


(In thousands)			Year Ended July 31, 2020
Operating lease expense			$	31,628
Finance lease expense:
	Amortization of right-of-use assets	882
	Interest on finance lease liabilities	189
Short-term lease expense			8,555
Variable lease expense			1,635
Total lease expense			$	42,889

Facilities rental expense for the years ended July 31, 2019 and 2018 was $30.6 million and $45.6 million, respectively under ASC 840, Operating Leases.

Lessee, Operating Leases

The components of right-of-use assets and lease liabilities on the consolidated balance sheet are as follows (In thousands):


Lease Asset and Liabilities	Balance Sheet Classification (In thousands)	July 31, 2020
Operating lease right-of-use assets	Operating lease right-of-use assets	$	118,455
Finance lease right-of-use assets	Property and equipment, net	1,409
Total lease assets, net				$	119,864

Operating lease liabilities - current	Current portion of operating lease liabilities	$	24,821
Finance lease liabilities - current	Current portion of finance lease obligations	751
Operating lease liabilities - non-current	Operating lease liabilities, net of current portion	95,584
Finance lease liabilities - non-current	Long-term debt and finance lease obligations, net of discount	566
Total lease liabilities				$	121,722

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases as of July 31, 2020 were as follows (In thousands):


Cash paid for amounts included in the measurement of lease liabilities
	Operating cash flows related to operating leases	$	29,799
	Operating cash flows related to finance leases	187
	Financing cash flows related to finance leases	1,065
Right-of-use assets obtained in exchange for new operating lease liabilities				42,860
Right-of-use assets obtained in exchange for new finance lease liabilities				2,899

Lessee, Operating Lease, Liability, Maturity

The annual maturities of the Company’s lease liabilities as of July 31, 2020 were as follows:


Fiscal year (In thousands)	Finance leases		Operating leases
2021	$	768	$	27,718
2022	534		22,619
2023	24		19,355
2024	13		14,980
2025	—		10,156
Thereafter	—		45,807
Total future lease commitments	$	1,339	$	140,635
Less: imputed interest	(22)		(20,230)
Present value of lease liabilities	$	1,317	$	120,405

Lessor, Operating Lease, Payments to be Received, Maturity

Future lease payments receivable under operating leases with terms greater than one year as of July 31, 2020 were as follows:


Fiscal year (In thousands)	Operating leases
2021	$	7,492
2022	6,221
2023	5,179
2024	5,115
2025	5,079
Thereafter	16,995
Total future lease payments receivable	$	46,081