LEASES (Tables)

9 Months Ended

Apr. 30, 2020

Supplemental cash flow information related to the Company's leases during the nine months ended April 30, 2020 was as follows (in thousands):



Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	11,677
Operating cash flows from finance leases	$	7
Financing cash flows from finance leases	$	83

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



	Three Months Ended April 30, 2020		Nine Months Ended April 30, 2020
	(In thousands)
Operating lease cost	$	2,837	$	12,469
Short-term lease expense	1,802		2,254
Variable lease cost	4		50
Amortization of finance lease assets	2		38
Interest on finance lease liabilities	1		9
	$	4,646	$	14,820

The Company's future minimum lease payments required under operating and finance leases that have commenced as of April 30, 2020 were as follows:



	Operating Leases		Finance Leases
	(In thousands)
2020	$	4,054	$	19
2021	15,644		76
2022	12,426		76
2023	7,786		37
2024	5,482		—
Thereafter	23,622		—
Total lease payments	69,014		208
Less: imputed interest	9,268		15
Present value of lease payments	59,746		193
Less: current maturities of lease obligations	14,034		70
Long-term lease obligations	$	45,712	$	123

The Company's future minimum lease payments required under operating and finance leases that have commenced as of April 30, 2020 were as follows:



	Operating Leases		Finance Leases
	(In thousands)
2020	$	4,054	$	19
2021	15,644		76
2022	12,426		76
2023	7,786		37
2024	5,482		—
Thereafter	23,622		—
Total lease payments	69,014		208
Less: imputed interest	9,268		15
Present value of lease payments	59,746		193
Less: current maturities of lease obligations	14,034		70
Long-term lease obligations	$	45,712	$	123

Additional information related to the Company's leases as of April 30, 2020 was as follows:



Weighted average remaining lease term:
Operating leases	6.3	years
Finance leases	2.7	years

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