Leases (Tables)
|
12 Months Ended |
Jul. 31, 2026 |
|---|
| Leases [Abstract] |
|
| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to our leases is as follows:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
July 31,
2025 |
|
|
July 31,
2026 |
|
|
|
(in thousands) |
|
Operating leases: |
|
|
|
|
|
|
Operating lease right-of-use assets, gross |
|
$ |
217,060 |
|
|
$ |
264,718 |
|
Accumulated amortization |
|
|
(82,534 |
) |
|
|
(100,291 |
) |
Operating lease right-of-use assets, net |
|
$ |
134,526 |
|
|
$ |
164,427 |
|
Operating lease liabilities—current |
|
$ |
23,234 |
|
|
$ |
35,713 |
|
Operating lease liabilities—non-current |
|
|
115,754 |
|
|
|
134,310 |
|
Total operating lease liabilities |
|
$ |
138,988 |
|
|
$ |
170,023 |
|
Weighted average remaining lease term (in years): |
|
|
4.5 |
|
|
|
4.5 |
|
Weighted average discount rate: |
|
|
6.3 |
% |
|
|
6.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
July 31,
2025 |
|
|
July 31,
2026 |
|
|
|
(in thousands) |
|
Finance leases: |
|
|
|
|
|
|
Finance lease right-of-use assets, gross (1) |
|
$ |
18,288 |
|
|
$ |
10,539 |
|
Accumulated amortization (1) |
|
|
(12,805 |
) |
|
|
(8,125 |
) |
Finance lease right-of-use assets, net (1) |
|
$ |
5,483 |
|
|
$ |
2,414 |
|
Finance lease liabilities—current (2) |
|
$ |
3,301 |
|
|
$ |
1,763 |
|
Finance lease liabilities—non-current (3) |
|
|
2,734 |
|
|
|
971 |
|
Total finance lease liabilities |
|
$ |
6,035 |
|
|
$ |
2,734 |
|
Weighted average remaining lease term (in years): |
|
|
2.0 |
|
|
|
1.5 |
|
Weighted average discount rate: |
|
|
7.1 |
% |
|
|
7.6 |
% |
(1)Included in our consolidated balance sheets within property and equipment, net. (2)Included in our consolidated balance sheets within accrued expenses and other current liabilities. (3)Included in our consolidated balance sheets within other liabilities—non-current.
|
| Supplemental Cash Flow and Other Information Related to Leases |
Supplemental cash flow and other information related to our leases is as follows:
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|
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|
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|
|
|
|
Fiscal Year Ended July 31, |
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
(in thousands) |
|
Cash paid for amounts included in the measurement of
lease liabilities: |
|
|
|
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
39,973 |
|
|
$ |
37,419 |
|
|
$ |
41,481 |
|
Operating cash flows from finance leases |
|
$ |
885 |
|
|
$ |
614 |
|
|
$ |
317 |
|
Financing cash flows from finance leases |
|
$ |
3,601 |
|
|
$ |
3,922 |
|
|
$ |
3,399 |
|
Lease liabilities arising from obtaining right-of-use assets: |
|
|
|
|
|
|
|
|
|
Operating leases |
|
$ |
46,153 |
|
|
$ |
54,435 |
|
|
$ |
64,847 |
|
Finance leases |
|
$ |
1,066 |
|
|
$ |
— |
|
|
$ |
— |
|
|
| Lessee Operating and Finance Lease, Liability, Maturity |
The undiscounted cash flows for our lease liabilities as of July 31, 2026 were as follows:
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|
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|
|
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|
Fiscal Year Ending July 31: |
|
Operating
Leases |
|
|
Finance
Leases |
|
|
Total |
|
|
|
(in thousands) |
|
2027 |
|
$ |
45,428 |
|
|
$ |
1,908 |
|
|
$ |
47,336 |
|
2028 |
|
|
46,307 |
|
|
|
961 |
|
|
|
47,268 |
|
2029 |
|
|
44,063 |
|
|
|
42 |
|
|
|
44,105 |
|
2030 |
|
|
33,935 |
|
|
|
— |
|
|
|
33,935 |
|
2031 |
|
|
10,163 |
|
|
|
— |
|
|
|
10,163 |
|
Thereafter |
|
|
16,918 |
|
|
|
— |
|
|
|
16,918 |
|
Total lease payments |
|
|
196,814 |
|
|
|
2,911 |
|
|
|
199,725 |
|
Less: imputed interest |
|
|
(26,791 |
) |
|
|
(177 |
) |
|
|
(26,968 |
) |
Total lease obligation |
|
|
170,023 |
|
|
|
2,734 |
|
|
|
172,757 |
|
Less: current lease obligations |
|
|
(35,713 |
) |
|
|
(1,763 |
) |
|
|
(37,476 |
) |
Long-term lease obligations |
|
$ |
134,310 |
|
|
$ |
971 |
|
|
$ |
135,281 |
|
|