v3.26.3
Leases
 12 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Leases
Note 9. Leases
The Company enters into operating leases primarily for office, production and warehouse facilities, production and non-production equipment, automobiles and computer equipment. As of July 31, 2026 and 2025, the Company had no material financing lease obligations.
The Company’s operating lease costs were as follows (in millions):
Year Ended July 31,
202620252024
Operating lease cost$40.2 $33.5 $29.5 
Short-term lease cost4.0 3.3 3.0 
Total lease costs$44.2 $36.8 $32.5 
Supplemental balance sheet information for the Company was as follows (in millions):
July 31,
Balance Sheet Location202620252024
Right-of-use lease assetsOther long-term assets$52.4 $60.5 $59.7 
Current lease liabilitiesOther current liabilities$24.8 $24.1 $20.2 
Long-term lease liabilitiesOther long-term liabilities$33.1 $37.8 $41.3 
Additional information related to operating leases was as follows:
July 31,
202620252024
Weighted average remaining lease term (years)4.44.13.5
Weighted average discount rate7.42 %6.44 %4.61 %
Cash paid for amounts included in the measurement of operating lease liabilities was $30.5 million, $29.0 million and $24.4 million for fiscal 2026, 2025 and 2024, respectively.
Remaining payments for operating leases having initial terms of more than one year as of July 31, 2026 were as follows (in millions):
2027$27.3 
202820.1 
202910.4 
20304.7 
20311.6 
Thereafter0.6 
Total future lease payments64.7 
Less imputed interest6.8 
Present value of future lease payments$57.9