Leases (Tables)
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3 Months Ended |
Oct. 31, 2020 |
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| Leases [Abstract] |
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| Schedule of supplemental balance sheet information |
Supplemental balance sheet information related to our leases follows: | | | | | | | | | | | | | Lease Type | October 31, 2020 | | July 31, 2020 | | Assets: | | | | | Operating lease assets | $ | 43,679 | | | $ | 44,267 | | | Finance lease assets | 4,222 | | | 4,417 | | | Right-of-use assets, net | $ | 47,901 | | | $ | 48,684 | | | Liabilities: | | | | | Operating lease liabilities | $ | 9,602 | | | $ | 9,852 | | | Finance lease liabilities | 442 | | | 416 | | | Current portion of lease liabilities | 10,044 | | | 10,268 | | | | | | | Operating lease liabilities | 36,263 | | | 36,515 | | | Finance lease liabilities | 4,033 | | | 4,164 | | | Long-term lease liabilities | 40,296 | | | 40,679 | | | Total lease liabilities | $ | 50,340 | | | $ | 50,947 | | | Additional Lease Data | | | | | Weighted average remaining lease term: | | | | | Operating leases | 6.04 years | | 6.11 years | | Finance leases | 5.61 years | | 5.86 years | | Weighted average discount rate: | | | | | Operating leases | 2.75 | % | | 2.73 | % | | Finance leases | 22.84 | % | | 23.39 | % |
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| Schedule of operating lease maturity |
At October 31, 2020, maturities of lease liabilities for the periods set forth below were as follows: | | | | | | | | | | | | | | | | | | | Fiscal year | Operating | | Finance | | Total | | Remaining 2021 | $ | 8,324 | | | $ | 1,086 | | | $ | 9,410 | | | 2022 | 9,410 | | | 1,432 | | | 10,842 | | | 2023 | 8,332 | | | 1,425 | | | 9,757 | | | 2024 | 7,037 | | | 1,434 | | | 8,471 | | | 2025 | 5,264 | | | 1,422 | | | 6,686 | | | Thereafter | 11,900 | | | 919 | | | 12,819 | | | Total lease payments | 50,267 | | | 7,718 | | | 57,985 | | | Less: interest | (4,402) | | | (3,243) | | | (7,645) | | | Present value of lease liabilities | $ | 45,865 | | | $ | 4,475 | | | $ | 50,340 | |
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| Schedule of finance lease maturity |
At October 31, 2020, maturities of lease liabilities for the periods set forth below were as follows: | | | | | | | | | | | | | | | | | | | Fiscal year | Operating | | Finance | | Total | | Remaining 2021 | $ | 8,324 | | | $ | 1,086 | | | $ | 9,410 | | | 2022 | 9,410 | | | 1,432 | | | 10,842 | | | 2023 | 8,332 | | | 1,425 | | | 9,757 | | | 2024 | 7,037 | | | 1,434 | | | 8,471 | | | 2025 | 5,264 | | | 1,422 | | | 6,686 | | | Thereafter | 11,900 | | | 919 | | | 12,819 | | | Total lease payments | 50,267 | | | 7,718 | | | 57,985 | | | Less: interest | (4,402) | | | (3,243) | | | (7,645) | | | Present value of lease liabilities | $ | 45,865 | | | $ | 4,475 | | | $ | 50,340 | |
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| Schedule of supplemental income statement and cash flow information |
Supplemental income statement information related to our leases follows: | | | | | | | | | | | | | Three Months Ended October 31, | | | 2020 | | 2019 | | Operating lease costs: | | | | | Amortization of right-of-use assets | $ | 2,786 | | | $ | 2,239 | | | Interest on lease obligations | 312 | | | 412 | | | Finance lease costs: | | | | | Amortization of right-of-use assets | 196 | | | 71 | | | Interest on lease obligations | 255 | | | 90 | | | Variable lease costs | 895 | | | 846 | | | Short-term lease costs | 286 | | | 248 | | | Net lease cost | $ | 4,730 | | | $ | 3,906 | |
Supplemental cash flow information related to leases follows: | | | | | | | | | | | | | Three Months Ended October 31, | | | 2020 | | 2019 | | Right-of-use assets obtained in exchange for lease liabilities: | | | | Operating leases(1) | $ | 2,206 | | | $ | 14,153 | | Finance leases(2) | $ | — | | | $ | 4,798 | |
_______________________________________________ (1) The three months ended October 31, 2019 primarily relates to new warehouse facility included in our Dental segment and operating leases acquired in the Hu-Friedy acquisition. (2) The three months ended October 31, 2019 includes finance leases acquired in the Hu-Friedy acquisition.
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