LEASES (Tables)

12 Months Ended

Jul. 31, 2021

Leases [Abstract]

Lease Cost

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

	Fiscal Year Ended July 31,
	2021		2020
	(In thousands)
Operating lease cost	$	16,532	$	16,722
Short-term lease expense	1,969		2,358
Variable lease cost	28		68
Amortization of finance lease assets	—		38
Interest on finance lease liabilities	6		11
	$	18,535	$	19,197

Supplemental cash flow information related to the cash paid for amounts included in measurement of lease liabilities during the fiscal year ended July 31, 2021 and 2020 was as follows:

	Fiscal Year Ended July 31,
	2021		2020
	(In thousands)
Operating cash flows from operating leases	$	16,413	$	15,885
Operating cash flows from finance leases	$	6	$	9
Financing cash flows from finance leases	$	70	$	100

Future Minimum Lease Payments Under Operating Leases

The Company's future minimum lease payments required under operating and finance leases that have commenced as of July 31, 2021 were as follows:

	Operating Leases		Finance Leases
	(In thousands)
2022	$	15,362	$	6
2023	9,906		76
2024	7,336		38
2025	7,250		—
2026	6,278		—
Thereafter	14,255		—
Total lease payments	60,387		120
Less: imputed interest	7,881		9
Present value of lease payments	52,506		111
Less: current lease obligations	13,617		73
Long-term lease obligations	$	38,889	$	38

Future Minimum Lease Payments Under Financing Leases

The Company's future minimum lease payments required under operating and finance leases that have commenced as of July 31, 2021 were as follows:

	Operating Leases		Finance Leases
	(In thousands)
2022	$	15,362	$	6
2023	9,906		76
2024	7,336		38
2025	7,250		—
2026	6,278		—
Thereafter	14,255		—
Total lease payments	60,387		120
Less: imputed interest	7,881		9
Present value of lease payments	52,506		111
Less: current lease obligations	13,617		73
Long-term lease obligations	$	38,889	$	38

Additional Lease Information

Additional information related to the Company's leases as of July 31, 2021 was as follows:

Weighted average remaining lease term:
Operating leases	5.1	years
Finance leases	1.4	years
Weighted average discount rate:
Operating leases		4.5%
Finance leases		3.9%