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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,
20212020
(In thousands)
Operating lease cost$10,555 $10,792 
Short-term lease expense1,627 1,934 
Variable lease cost28 68 
Amortization of finance lease assets— 38 
Interest on finance lease liabilities6 11 
$12,216 $12,843 
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,
20212020
(In thousands)
Operating cash flows from operating leases$10,705 $10,427 
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 LeasesFinance Leases
(In thousands)
2022$9,642 $6 
20234,215 76 
20241,657 38 
20251,384 — 
20261,282 — 
Thereafter390 — 
Total lease payments18,570 120 
Less: imputed interest332 9 
Present value of lease payments18,238 111 
Less: current lease obligations9,557 73 
Long-term lease obligations$8,681 $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 LeasesFinance Leases
(In thousands)
2022$9,642 $6 
20234,215 76 
20241,657 38 
20251,384 — 
20261,282 — 
Thereafter390 — 
Total lease payments18,570 120 
Less: imputed interest332 9 
Present value of lease payments18,238 111 
Less: current lease obligations9,557 73 
Long-term lease obligations$8,681 $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 leases2.9years
Finance leases1.4years
Weighted average discount rate:
Operating leases3.0%
Finance leases3.9%