Income Taxes (Tables)

12 Months Ended

Jul. 31, 2026

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

U.S. and foreign components of income before provision for income taxes are as follows (in thousands):


	Year Ended July 31,
	2026		2025		2024
U.S.	$	105,086	$	282,244	$	220,067
Foreign	121,870		120,153		119,688
Income before income taxes	$	226,956	$	402,397	$	339,755

Components Of Deferred Tax Liabilities And Assets

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company’s deferred tax liabilities and assets are as follows (in thousands):


	July 31,
	2026		2025
Deferred income tax liabilities:
Fixed assets	$	161,780	$	155,279
Intangible assets	194,611		174,587
Operating lease right of use assets	53,004		57,454

Other	20,892		23,033
Total	430,287		410,353
Deferred income tax assets:
Canyons obligation	23,480		18,672
Stock-based compensation	10,359		9,438
Investment in Partnerships	4,332		3,797
Deferred compensation and other accrued benefits	12,319		8,143
Contingent Consideration	24,548		18,190

Net operating loss carryforwards and other tax credits	31,761		24,943
Operating lease liabilities	53,899		59,304
Other, net	28,272		29,844
Total	188,970		172,331
Valuation allowance for deferred income taxes	(20,505)		(13,225)
Deferred income tax assets, net of valuation allowance	168,465		159,106
Net deferred income tax liability	$	261,822	$	251,247

Balance Sheet Summary of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income taxes recognized in the accompanying Consolidated Balance Sheets are as follows (in thousands):


	July 31,
	2026		2025
Deferred income tax asset	$	360	$	794
Deferred income tax liability	262,182		252,041
Net deferred income tax liability	$	261,822	$	251,247

Components Of Provision (Benefit) For Income Taxes

Significant components of the provision for income taxes are as follows (in thousands):


	Year Ended July 31,
	2026		2025		2024
Current:
Federal	$	26,901	$	69,449	$	44,218
State	3,813		23,374		10,444
Foreign	27,282		32,550		31,412
Total current	57,996		125,373		86,074
Deferred:
Federal	(2,183)		(16,351)		6,185
State	(2,518)		(2,364)		(574)
Foreign	2,917		(2,237)		1,091
Total deferred	(1,784)		(20,952)		6,702
Provision for income taxes	$	56,212	$	104,421	$	92,776

Reconciliation Of Effective Income Tax Rate And Effective Rate From Continuing Operation

The Company adopted Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”) prospectively. A reconciliation of the items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate for the year ended July 31, 2026, pursuant to the requirements of ASU 2023-09, is as follows (in thousands):


	Year Ended July 31, 2026
	Amount ($)		Percent (%)
U.S. federal statutory tax rate	$	47,660	21.0	%
Effect of:
State and local income taxes, net of federal benefit (1)	1,294		0.6	%
Foreign tax effects:
Canada:
Foreign rate differential	5,718		2.5	%
Non-controlling interest	(6,410)		(2.8)	%
Other	(2,969)		(1.3)	%
Switzerland:
Changes in valuation allowance	6,100		2.7	%
Other	854		0.4	%
Other jurisdictions	2,329		1.0	%

Effect of cross-border tax laws	2,285		1.0	%
Tax credits	(1,008)		(0.4)	%

Nontaxable or nondeductible items	1,261		0.5	%
Changes in unrecognized tax benefits	(877)		(0.4)	%
Other adjustments	(25)		—	%
Effective tax rate	$	56,212	24.8	%

(1) In fiscal year 2026, state and local income taxes in Colorado and California made up the majority (greater than 50%) of the tax effect in this category.

As previously disclosed for the years ended July 31, 2025 and 2024, prior to the adoption of ASU 2023-09, a reconciliation of the items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate are as follows (in thousands):


	Year Ended July 31,
	2025		2024
At U.S. federal income tax rate	21.0	%	21.0	%
State income tax, net of federal benefit	4.1	%	2.9	%
Change in uncertain tax positions	(0.1)	%	0.1	%
Stock-based compensation	0.3	%	0.4	%

Noncontrolling interests	(0.9)	%	(1.0)	%
Foreign taxes	2.5	%	3.6	%
Taxes related to prior year filings	(0.7)	%	0.3	%
Other	(0.3)	%	—	%
Effective tax rate	25.9	%	27.3	%

Schedule of Cash Flow, Supplemental Disclosures

Income taxes paid, net of refunds, pursuant to the disclosure requirements of ASU 2023-09 are as follows (in thousands):


	July 31, 2026
Federal	$	27,404
State:
Colorado	4,163
Other	5,727
Foreign:
Australia	8,866
Canada	23,520
Other	258
Income taxes paid, net of refunds	$	69,938

Schedule of Unrecognized Tax Benefits Roll Forward

Uncertain Tax Positions

A reconciliation of the beginning and ending amount of unrecognized tax benefits associated with uncertain tax positions, excluding associated deferred tax benefits and accrued interest and penalties, if applicable, is as follows (in thousands):


	Year Ended July 31,
	2026		2025		2024
Balance, beginning of year	$	50,276	$	50,988	$	51,680

Additions for tax positions of prior years	10,536		10,703		10,866

Lapse of statute of limitations	(11,267)		(11,415)		(11,558)

Balance, end of year	$	49,545	$	50,276	$	50,988