LEASES (Tables)

6 Months Ended

Jan. 31, 2020

Supplemental cash flow information related to the Company's leases during the six months ended January 31, 2020 was as follows (in thousands):



Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	8,769
Operating cash flows from finance leases	$	5
Financing cash flows from finance leases	$	74

Lease expense

The components of the Company's lease expense are presented below:



	Three Months Ended January 31, 2020		Six Months Ended January 31, 2020
	(In thousands)
Operating lease cost	$	4,816	$	9,632
Short-term lease expense	226		452
Variable lease cost	6		46
Amortization of finance lease assets	18		36
Interest on finance lease liabilities	4		8
	$	5,070	$	10,174

The Company's future minimum lease payments required under operating and finance leases that have commenced as of January 31, 2020 were as follows:



	Operating Leases		Finance Leases
	(In thousands)
2020	$	10,527	$	65
2021	15,941		76
2022	12,493		76
2023	7,597		38
2024	5,298		—
Thereafter	23,261		—
Total lease payments	75,117		255
Less: imputed interest	12,413		38
Present value of lease payments	62,704		217
Less: current maturities of lease obligations	14,717		71
Long-term lease obligations	$	47,987	$	146

The Company's future minimum lease payments required under operating and finance leases that have commenced as of January 31, 2020 were as follows:



	Operating Leases		Finance Leases
	(In thousands)
2020	$	10,527	$	65
2021	15,941		76
2022	12,493		76
2023	7,597		38
2024	5,298		—
Thereafter	23,261		—
Total lease payments	75,117		255
Less: imputed interest	12,413		38
Present value of lease payments	62,704		217
Less: current maturities of lease obligations	14,717		71
Long-term lease obligations	$	47,987	$	146

Additional information related to the Company's leases as of January 31, 2020 was as follows:



Weighted average remaining lease term:
Operating leases	6.3	years
Finance leases	2.8	years

Weighted average discount rate:
Operating leases		4.4%
Finance leases		3.8%