LEASES (Tables)

12 Months Ended

Jul. 31, 2020

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



Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	15,885
Operating cash flows from finance leases	$	9
Financing cash flows from finance leases	$	100

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



	Fiscal Year Ended July 31, 2020
	(In thousands)
Operating lease cost	$	16,722
Short-term lease expense	2,358
Variable lease cost	68
Amortization of finance lease assets	38
Interest on finance lease liabilities	11
	$	19,197

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



	Operating Leases		Finance Leases
	(In thousands)
2021	$	16,059	$	76
2022	13,039		76
2023	7,904		38
2024	5,579		—
2025	5,410		—
Thereafter	18,329		—
Total lease payments	66,320		190
Less: imputed interest	8,972		9
Present value of lease payments	57,348		181
Less: current lease obligations	14,207		111
Long-term lease obligations	$	43,141	$	70

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



	Operating Leases		Finance Leases
	(In thousands)
2021	$	16,059	$	76
2022	13,039		76
2023	7,904		38
2024	5,579		—
2025	5,410		—
Thereafter	18,329		—
Total lease payments	66,320		190
Less: imputed interest	8,972		9
Present value of lease payments	57,348		181
Less: current lease obligations	14,207		111
Long-term lease obligations	$	43,141	$	70

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



Weighted average remaining lease term:
Operating leases	6.1	years
Finance leases	2.4	years

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