v3.26.1
Significant Accounting Policies (Policies)
9 Months Ended
Apr. 30, 2026
Accounting Policies [Abstract]  
Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications

 

During the nine months ended April 30, 2026, the Company reclassified certain prepaid expenses to trade accounts receivable. Accordingly, in the condensed consolidated balance sheet at  July 31, 2025, $2.1 million previously reported within “Other current assets” was reclassified to “Trade accounts receivable,” and in the condensed consolidated statements of cash flows for the nine months ended April 30, 2025, $0.4 million previously reported within “Prepaid expenses, other current assets, and other assets” was reclassified to “Trade accounts receivable”.

 

During the nine months ended April 30, 2026, the Company reclassified in the condensed consolidated statement of cash flows certain amount to settlement assets and disbursement prefunding that were previously included together with “Prepaid expenses, other current assets, and other assets.” In the condensed consolidated statements of cash flows for the nine months ended April 30, 2025, $16.8 million previously included within “Settlement assets and disbursement prefunding” was reclassified to be presented as a separate line item.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Adopted Accounting Standards

 

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Income Taxes (Topic 740)Improvements to Income Tax Disclosures, which enhances income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This guidance also includes certain other amendments to improve the effectiveness of income tax disclosures.

 

The adoption of this update will be applied on a prospective basis and will require the Company to expand its income tax disclosures beginning with its Annual Report on Form 10-K for fiscal year ending  July 31, 2026, which includes further disaggregation of the income tax expense into federal, state, and foreign categories, enhanced detail in the effective tax rate reconciliation, and disclosure of income taxes paid by significant jurisdictions.

 

In July 2025, the FASB issued ASU 2025-05Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which amends ASC 326-20 to provide a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. The amendments are effective for annual and interim reporting periods beginning on August 1, 2026. The practical expedient in ASU 2025-05 allows the Company to simplify estimating expected credit losses for current accounts receivable and contract assets by assuming that current conditions as of the balance sheet date will not change over the asset's remaining life. This aims to reduce the complexity and cost of developing forecasts for these assets under the CECL model for ASC 606-related transactions. This amendment does not have an impact on the Company's current estimation process. The Company elected to early adopt the practical expedient during the nine months ended April 30, 2026. The adoption did not have a material impact on the Company’s condensed consolidated financial statements.