The Company leases certain manufacturing facilities, warehouse and office spaces, and vehicles accounted for as operating leases. Lease terms typically range from one year to ten years. As of April 30, 2024, the Company did not have any finance leases.

Operating lease expense was $3,688 and $3,997 for the three months ended April 30, 2024 and 2023, respectively, and $11,557 and $11,645 for the nine months ended April 30, 2024 and 2023, respectively, which was recognized in either "Cost of goods sold" or "Selling, general and administrative" expenses in the condensed consolidated statements of income, based on the nature of the lease. Short-term lease expense, variable lease expenses, and sublease income was immaterial to the condensed consolidated statements of income for the three and nine months ended April 30, 2024 and 2023.

Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2024 and 2023 was as follows:


	Nine months ended April 30,
	2024		2023
Operating cash outflows from operating leases	$	12,441	$	13,196
Operating lease assets obtained in exchange for new operating lease liabilities (1)	8,903		6,545