Leases (Tables)

12 Months Ended

Jul. 31, 2022

The components of lease expense for the years ended July 31, 2022 and 2021 were as follows (in thousands):


	Year ended July 31,
	2022		2021		2020
Finance leases:
Amortization of the finance ROU assets	$	9,011	$	9,753	$	9,753
Interest on lease liabilities	$	35,881	$	34,612	$	34,035
Operating leases:
Operating lease expense	$	43,295	$	43,418	$	43,303
Short-term lease expense (1)	$	15,614	$	13,638	$	13,943
Variable lease expense	$	2,309	$	1,660	$	1,583

Cash Flow, Supplemental Disclosures [Text Block]

The following table presents the supplemental cash flow information associated with the Company’s leasing activities for the years ended July 31, 2022 and 2021 (in thousands):


	Year ended July 31,
	2022		2021		2020
Cash flow supplemental information:
Operating cash outflows for operating and short-term leases	$	59,818	$	56,942	$	55,344
Operating cash outflows for lease- and non-lease components of finance leases	$	37,573	$	31,429	$	29,311
Financing cash outflows for non-lease components of finance leases	$	—	$	—	$	5,387
Non-cash supplemental information:
Operating ROU assets obtained in exchange for operating lease obligations	$	23,190	$	12,615	$	18,013

Weighted Average Remaining Lease Terms and Discount Rates [Table Text Block]

Weighted-average remaining lease terms and discount rates are as follows:


	July 31, 2022		July 31, 2021
Weighted-average remaining lease term (in years)
Operating leases	9.8		10.2
Finance leases	40.9		41.9
Weighted-average discount rate
Operating leases	4.6	%	4.5	%
Finance leases	10.0	%	10.0	%

Schedule of Future Minimum Lease Payments [Table Text Block]

Future fixed lease payments for operating and finance leases as of July 31, 2022 reflected by fiscal year (August 1 through July 31) are as follows (in thousands):


	Operating Leases		Finance Leases
2023	$	45,224	$	29,982
2024	40,656		30,582
2025	37,674		31,193
2026	34,449		31,817
2027	20,304		32,454
Thereafter	95,363		1,709,584
Total future minimum lease payments	273,670		1,865,612
Less amount representing interest	(64,885)		(1,508,005)
Total lease liabilities	$	208,785	$	357,607

The current portion of operating lease liabilities of approximately $34.2 million and $34.7 million as of July 31, 2022 and 2021, respectively, are recorded within accounts payables and accrued liabilities in the accompanying Consolidated Balance Sheets. Finance lease liabilities are recorded within long-term debt, net in the accompanying Consolidated Balance Sheets.