v3.26.3
Supplementary Balance Sheet Information
 12 Months Ended
Jul. 31, 2026
Balance Sheet Related Disclosures [Abstract]  
Supplementary Balance Sheet Information Supplementary Balance Sheet Information
The composition of accounts receivables, net follows (in thousands):
July 31,
  
20262025
Trade receivables$354,448 $381,187 
Other receivables7,337 7,690 
Gross accounts receivables361,785 388,877 
Allowance for doubtful accounts(6,474)(6,507)
Accounts receivables, net$355,311 $382,370 
The composition of other current assets follows (in thousands):
July 31,
  
20262025
Prepaid expenses$56,717 $58,089 
Other45,668 35,734 
Other current assets$102,385 $93,823 
The composition of property, plant and equipment, including finance lease assets, follows (in thousands):
July 31,
  
20262025
Land and land improvements$809,276 $804,667 
Buildings and building improvements1,781,079 1,712,138 
Machinery and equipment2,228,385 2,117,865 
Furniture and fixtures370,875 349,921 
Software226,244 189,982 
Vehicles100,079 96,504 
Construction in progress97,091 114,357 
Gross property, plant and equipment5,613,029 5,385,434 
Accumulated depreciation(3,273,515)(3,010,780)
Property, plant and equipment, net$2,339,514 $2,374,654 
Depreciation expense, which included depreciation of assets recorded under finance leases, for the years ended July 31, 2026, 2025 and 2024 totaled $301.8 million, $292.2 million and $274.4 million, respectively.
The following table summarizes the composition of property, plant and equipment recorded under finance leases as of July 31, 2026 and 2025 (in thousands):
July 31,
20262025
Land$31,818 $31,818 
Land improvements49,228 49,228 
Buildings and building improvements92,689 70,209 
Machinery and equipment80,355 85,200 
Gross property, plant and equipment
254,090 236,455 
Accumulated depreciation(126,290)(116,722)
Property, plant and equipment, net
$127,800 $119,733 
The composition of goodwill and intangible assets follows (in thousands):
July 31,
  
20262025
Goodwill
Goodwill$1,716,847 $1,718,257 
Accumulated impairments(25,688)(25,688)
Accumulated amortization(17,184)(17,354)
Goodwill, net$1,673,975 $1,675,215 
Indefinite-lived intangible assets
Trademarks$235,185 $236,002 
Other41,039 41,072 
Total gross indefinite-lived intangible assets276,224 277,074 
Accumulated amortization(24,542)(24,713)
Indefinite-lived intangible assets, net$251,682 $252,361 
Amortizable intangible assets
Trademarks$38,008 $38,008 
Other70,982 71,120 
Total gross amortizable intangible assets108,990 109,128 
Accumulated amortization(67,077)(62,992)
Amortizable intangible assets, net
41,913 46,136 
Total gross intangible assets385,214 386,202 
Total accumulated amortization(91,619)(87,705)
Total intangible assets, net
$293,595 $298,497 
Amortization expense for intangible assets subject to amortization for the years ended July 31, 2026, 2025 and 2024 totaled $3.8 million, $4.2 million and $4.7 million, respectively, and is estimated to be approximately $1.4 million annually, on average, for the next five fiscal years.
The changes in the net carrying amount of goodwill allocated between the Company’s segments for the years ended July 31, 2026 and 2025 are as follows (in thousands):
Mountain Lodging Goodwill, net
Balance at July 31, 2024$1,632,969 $45,006 $1,677,975 
Acquisition (including measurement period adjustments)25 — 25 
Effects of changes in foreign currency exchange rates
(2,785)— (2,785)
Balance at July 31, 20251,630,209 45,006 1,675,215 
Acquisition2,199 — 2,199 
Effects of changes in foreign currency exchange rates
(3,439)— (3,439)
Balance at July 31, 2026$1,628,969 $45,006 $1,673,975 
The composition of accounts payable and accrued liabilities follows (in thousands):
July 31,
  
20262025
Trade payables$153,117 $139,976 
Deferred revenue566,480 602,117 
Accrued salaries, wages and deferred compensation40,506 59,779 
Accrued benefits71,217 64,869 
Deposits42,753 42,284 
Operating lease liabilities35,690 34,883 
Other accruals98,632 112,757 
Total accounts payable and accrued liabilities$1,008,395 $1,056,665