Stockholders' Equity (Tables)
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12 Months Ended |
Jul. 31, 2026 |
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| Equity [Abstract] |
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| Schedule of Stock-Based Compensation |
The table below sets forth the stock-based compensation recognized by the Company for stock options, restricted stock, restricted unit awards, and performance stock units:
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Year Ended July 31, |
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(In thousands) |
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2026 |
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2025 |
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2024 |
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General and administrative |
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$ |
30,346 |
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$ |
29,897 |
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$ |
28,284 |
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Facility operations |
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8,472 |
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8,107 |
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6,950 |
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Total stock-based compensation |
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$ |
38,818 |
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$ |
38,004 |
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$ |
35,234 |
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| Schedule of BSM Option-Pricing Model |
The BSM option-pricing model utilized the following assumptions:
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July 31, |
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2026 |
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2025 |
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2024 |
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Expected life (in years) |
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5.1 |
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— |
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6.3 |
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5.0 |
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— |
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5.7 |
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5.0 |
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— |
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6.3 |
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Risk-free interest rate |
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3.67 |
% |
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— |
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3.78 |
% |
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3.50 |
% |
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— |
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4.03 |
% |
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3.86 |
% |
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— |
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4.43 |
% |
Estimated volatility |
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26.0 |
% |
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— |
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30.0 |
% |
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29.6 |
% |
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— |
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30.3 |
% |
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30.1 |
% |
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— |
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30.6 |
% |
Expected dividends |
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— |
% |
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— |
% |
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— |
% |
Weighted average fair value at measurement date |
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$ |
16.60 |
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$ |
20.58 |
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$ |
9.93 |
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| Schedule of Unvested Stock Options Awards and Activity |
A summary of the status of the Company’s unvested stock options awards and activity during the year ended July 31, 2026 was as follows:
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(In thousands, except per share amounts) |
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Shares |
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Weighted
Average Grant-
date Fair Value |
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Unvested shares at July 31, 2025 |
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2,089 |
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$ |
14.30 |
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Grants of non-vested shares |
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821 |
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16.60 |
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Vested |
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(1,148 |
) |
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12.63 |
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Forfeitures or expirations |
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(565 |
) |
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18.26 |
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Unvested shares at July 31, 2026 |
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1,197 |
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$ |
17.26 |
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| Schedule of Activity of Stock Options |
The following is a summary of activity for the Company’s stock options without a market-based condition for the year ended July 31, 2026:
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(In thousands, except per share and term data) |
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Shares |
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Weighted
Average
Exercise Price |
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Weighted
Average
Remaining
Contractual
Term (In
years) |
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Aggregate
Intrinsic Value |
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Outstanding as of July 31, 2025 |
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12,487 |
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$ |
21.61 |
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3.87 |
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$ |
302,750 |
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Grants of options |
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746 |
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44.56 |
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Modifications |
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1,620 |
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30.46 |
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Exercises |
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(1,529 |
) |
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10.92 |
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Forfeitures or expirations |
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(565 |
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48.12 |
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Outstanding as of July 31, 2026 |
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12,759 |
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$ |
24.19 |
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3.52 |
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$ |
100,655 |
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Exercisable as of July 31, 2026 |
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11,640 |
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$ |
22.53 |
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3.16 |
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$ |
100,655 |
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Vested and expected to vest as of July 31, 2026 |
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12,759 |
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$ |
24.19 |
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3.52 |
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$ |
100,655 |
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The following is a summary of activity for the Company’s stock option awards subject to market conditions for the year ended July 31, 2026:
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(In thousands, except per share and term data) |
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Shares |
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Weighted
Average
Exercise Price |
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Weighted
Average
Remaining
Contractual
Term (In
years) |
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Aggregate
Intrinsic Value |
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Outstanding as of July 31, 2025 |
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5,995 |
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$ |
24.70 |
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5.47 |
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$ |
124,108 |
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Grants of options |
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75 |
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46.57 |
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Modifications |
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(1,620 |
) |
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30.46 |
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Exercises |
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— |
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— |
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Forfeitures or expirations |
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— |
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— |
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Outstanding as of July 31, 2026 |
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4,450 |
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$ |
22.97 |
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4.18 |
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$ |
31,440 |
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Exercisable as of July 31, 2026 |
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4,255 |
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$ |
22.12 |
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4.03 |
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$ |
31,440 |
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Vested and expected to vest as of July 31, 2026 |
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4,450 |
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$ |
22.97 |
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4.18 |
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$ |
31,440 |
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| Schedule of All Stock Options Outstanding and Exercisable |
The following table summarizes all stock options outstanding and exercisable as of July 31, 2026:
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(In thousands, except per share amounts) |
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Options Outstanding |
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Options Exercisable |
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Range of Exercise Prices |
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Number |
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Weighted
Average
Remaining
Contractual
Life |
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Weighted
Average
Exercise
Price |
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Number |
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Weighted
Average
Exercise
Price |
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$ |
6.98 |
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— |
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$ |
9.08 |
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2,126 |
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0.94 |
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$ |
8.32 |
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2,126 |
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$ |
8.32 |
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$ |
10.99 |
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— |
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$ |
10.99 |
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480 |
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1.36 |
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10.99 |
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480 |
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10.99 |
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$ |
14.57 |
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— |
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$ |
31.42 |
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11,564 |
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3.75 |
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22.69 |
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11,252 |
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22.44 |
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$ |
31.98 |
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— |
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$ |
62.08 |
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3,040 |
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5.77 |
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41.29 |
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2,038 |
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39.72 |
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Outstanding as of July 31, 2026 |
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17,210 |
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3.69 |
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$ |
23.87 |
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15,896 |
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$ |
22.42 |
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| Schedule of Activity for RSA's, RSU's and PSU's |
The following is a summary of activity for the Company’s RSAs, RSUs, and PSUs for the year ended July 31, 2026:
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(In thousands, except per share data) |
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Restricted and
Performance Shares |
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Weighted Average
Grant Date Fair
Value |
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Outstanding as of July 31, 2025 |
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1,778 |
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$ |
48.93 |
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Grants |
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619 |
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44.16 |
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Vested |
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(311 |
) |
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41.38 |
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Forfeitures or expirations |
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(250 |
) |
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49.79 |
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Outstanding as of July 31, 2026 |
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1,836 |
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$ |
47.40 |
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