0001528396-21-000118 | 10-Q | XBRL Viewer

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Revenue:
Total revenue	$ 165,934	$ 169,802
Cost of revenue:
Total cost of revenue	103,179	90,967
Gross profit:
Total gross profit	62,755	78,835
Operating expenses:
Research and development	59,926	52,615
Sales and marketing	43,631	36,644
General and administrative	24,575	21,180
Total operating expenses	128,132	110,439
Income (loss) from operations	(65,377)	(31,604)
Interest income	674	2,789
Interest expense	(4,794)	(4,620)
Other income (expense), net	1,183	2,568
Income (loss) before provision for (benefit from) income taxes	(68,314)	(30,867)
Provision for (benefit from) income taxes	(17,038)	(10,677)
Net income (loss)	$ (51,276)	$ (20,190)
Net income (loss) per share:
Basic (in dollars per share)	$ (0.62)	$ (0.24)
Diluted (in dollars per share)	$ (0.62)	$ (0.24)
Shares used in computing net income (loss) per share:
Basic (in shares)	83,225,743	83,613,287
Diluted (in shares)	83,225,743	83,613,287
Subscription and support
Revenue:
Total revenue	$ 78,990	$ 57,966
Cost of revenue:
Total cost of revenue	50,331	37,006
Gross profit:
Total gross profit	28,659	20,960
License
Revenue:
Total revenue	40,153	65,283
Cost of revenue:
Total cost of revenue	2,339	2,937
Gross profit:
Total gross profit	37,814	62,346
Services
Revenue:
Total revenue	46,791	46,553
Cost of revenue:
Total cost of revenue	50,509	51,024
Gross profit:
Total gross profit	$ (3,718)	$ (4,471)

Revenue (Tables)

3 Months Ended

Oct. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenue by license or service type is as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Subscription and Support
Subscription	$	57,129	$	37,230
Support	21,861		20,736
License
Term license	40,105		65,225
Perpetual license	48		58
Services	46,791		46,553
Total revenue	$	165,934	$	169,802

Revenue by revenue type and by geography is as follows (in thousands):


	Three Months Ended October 31, 2021
	Subscription and support		License		Services		Total

United States	$	53,023	$	18,453	$	32,663	$	104,139
Canada	11,941		5,813		2,358		20,112
Other Americas	1,039		237		708		1,984
Total Americas	66,003		24,503		35,729		126,235
United Kingdom	2,333		5,832		1,094		9,259
Other EMEA	5,217		1,407		6,395		13,019
Total EMEA	7,550		7,239		7,489		22,278
Total APAC	5,437		8,411		3,573		17,421
Total revenue	$	78,990	$	40,153	$	46,791	$	165,934


	Three Months Ended October 31, 2020
	Subscription and support		License		Services		Total

United States	$	39,013	$	40,977	$	32,360	$	112,350
Canada	7,142		10,753		1,137		19,032
Other Americas	1,113		235		1,846		3,194
Total Americas	47,268		51,965		35,343		134,576
United Kingdom	2,030		8,299		1,315		11,644
Other EMEA	5,120		803		6,978		12,901
Total EMEA	7,150		9,102		8,293		24,545
Total APAC	3,548		4,216		2,917		10,681
Total revenue	$	57,966	$	65,283	$	46,553	$	169,802

Contract with Customer, Asset and Liability

Amounts related to customer contract-related arrangements are included in the condensed consolidated balance sheets as follows (in thousands):


	October 31, 2021		July 31, 2021
Unbilled accounts receivable, net	$	109,672	$	103,422
Contract costs, net	42,877		42,235

Deferred revenue, net	116,256		145,936

Net Income (Loss) Per Share (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Numerator:
Net income (loss)	$ (51,276)	$ (20,190)
Net income (loss) per share:
Basic (in dollars per share)	$ (0.62)	$ (0.24)
Diluted (in dollars per share)	$ (0.62)	$ (0.24)
Weighted average shares used in computing net income (loss) per share:
Basic (in shares)	83,225,743	83,613,287
Diluted (in shares)	83,225,743	83,613,287

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Balance Sheet Components - Other Current Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Lease liabilities	$ 11,312	$ 11,624
Accrued royalties	9,165	7,525
Accrued taxes	3,495	6,796
Other	4,029	5,703
Other current liabilities	$ 28,001	$ 31,648

Balance Sheet Components - Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Accounts receivable	$ 81,112	$ 105,125
Allowance for credit losses and revenue reserves	(705)	(1,057)
Accounts receivable, net	80,407	$ 104,068
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance as of July 31, 2021	1,057
Net changes to credit losses	0
Net changes to revenue reserves	(32)
Write-offs, net	(320)
Balance as of October 31, 2021	$ 705

The Company and Summary of Significant Accounting Policies and Estimates (Details Textual)	3 Months Ended
	Oct. 31, 2021 customer	Oct. 31, 2020 customer	Mar. 31, 2018 USD ($)
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Revenue, performance obligations, timing	Subscriptions are typically sold with a three to five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year.
Capitalized contract cost, amortization period	5 years
Customer Concentration Risk \| Revenue Benchmark \| Customer One
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Number of customers, concentration of credit risk		1
Percentage of Revenue		10.00%
Customer Concentration Risk \| Accounts Receivable \| Customer One
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Number of customers, concentration of credit risk	1
Percentage of accounts receivable	10.00%
Restricted Stock Units (RSUs)
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of time based Vesting	4 years
TSR PSUs
Company and Summary of Significant Accounting Policies and Estimates (Textual) [Abstract]
Period of time based Vesting	3 years
Senior Notes \| Convertible Senior Notes, 1.250%
Finite-Lived Intangible Assets [Line Items]
Aggregate principal amount \| $			$ 400,000,000
Stated interest rate			1.25%
Minimum \| Computer software
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years
Maximum \| Computer software
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	5 years

Acquisitions - Preliminary Allocation (Details) - USD ($) $ in Thousands	Aug. 18, 2021	Oct. 31, 2021	Jul. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 372,062	$ 340,877
HazardHub, Inc.
Business Acquisition [Line Items]
Acquired assets, net of assumed liabilities	$ 461
Goodwill	31,185
Deferred tax liability	(2,839)
Total preliminary purchase consideration	44,507
HazardHub, Inc. \| Developed technology
Business Acquisition [Line Items]
Finite lived assets acquired	$ 9,700
Estimated Useful Lives	5 years
HazardHub, Inc. \| Customer relationships
Business Acquisition [Line Items]
Finite lived assets acquired	$ 5,100
Estimated Useful Lives	5 years
HazardHub, Inc. \| Trademarks
Business Acquisition [Line Items]
Finite lived assets acquired	$ 900
Estimated Useful Lives	7 years

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (51,276)	$ (20,190)
Foreign currency translation adjustments	(724)	(694)
Unrealized gains (losses) on available-for-sale securities	(1,118)	(1,839)
Tax benefit (expense) on unrealized gains (losses) on available-for-sale securities	251	359
Reclassification adjustment for realized gains (losses) included in net income (loss)	69	347
Total other comprehensive income (loss)	(1,522)	(1,827)
Comprehensive income (loss)	$ (52,798)	$ (22,017)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=124507222&loc=d3e1436-108581

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

Commitments and Contingencies (Details Textual)	Oct. 31, 2021 USD ($) customer	Jul. 31, 2021 USD ($) customer
Commitments and Contingencies Disclosure [Abstract]
Reimbursement \| $	$ 0	$ 0
Claims outstanding \| customer	0	0

Stock-Based Compensation Expense and Shareholders' Equity (Details 4) - shares	Oct. 31, 2021	Jul. 31, 2021
Stockholders' Equity and Stock-based Compensation [Abstract]
Exercise of stock options to purchase common stock (in shares)	23,760	25,278
Vesting of restricted stock units (in shares)	3,483,890	2,394,968
Shares available under stock plans (in shares)	3,590,878	5,014,069
Total common stock reserved for issuance (in shares)	7,098,528	7,434,315

Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Computer hardware	$ 19,361	$ 19,256
Purchased software	5,998	6,002
Capitalized software development costs	27,545	24,025
Equipment and machinery	12,240	12,214
Furniture and fixtures	11,791	11,482
Leasehold improvements	60,052	57,960
Total property and equipment	136,987	130,939
Less accumulated depreciation	(54,213)	(50,878)
Property and equipment, net	$ 82,774	$ 80,061

Segment Information

3 Months Ended

Oct. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment InformationThe Company operates in one segment. The Company’s chief operating decision maker (the “CODM”), its Chief Executive Officer, manages the Company’s operations on a consolidated basis for purposes of allocating resources. When evaluating the Company’s financial performance, the CODM reviews separate revenue information for the Company’s subscription, support, term license, perpetual license, and services offerings as well as by geographic region, while all other financial information is reviewed on a consolidated basis. The Company’s principal operations and decision-making functions are located in the United States. The Company's long-lived assets for this disclosure is defined as property and equipment and operating lease assets. The Company’s long-lived assets by geographic region is as follows (in thousands):


	October 31, 2021		July 31, 2021
Americas	$	141,104	$	143,736
EMEA	34,835		32,171
APAC	1,403		1,601
Total	$	177,342	$	177,508

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Oct. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Provision for (benefit from) income taxes	$ (17,038)	$ (10,677)
Effective income tax rate, continuing operations	25.00%
Increase (decrease) in unrecognized tax benefits	$ 400
Unrecognized tax benefits that would impact tax rate	$ 11,100

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings (accumulated deficit)
Beginning balance (in shares) at Jul. 31, 2020		83,461,925
Beginning balance at Jul. 31, 2020	$ 1,656,768	$ 8	$ 1,499,050	$ (5,246)	$ 162,956
Net loss	(20,190)				(20,190)
Issuance of common stock upon exercise of stock options (in shares)		39,169
Issuance of common stock upon exercise of stock options	1,716		1,716
Issuance of common stock upon vesting of Restricted Stock Units (RSU) (in shares)		339,759
Stock-based compensation	28,394		28,394
Repurchase and retirement of common stock (in shares)		(48,997)
Repurchase and retirement of common stock	(5,000)				(5,000)
Foreign currency translation adjustment	(694)			(694)
Unrealized gain (loss) on available-for-sale securities, net of tax	(1,480)			(1,480)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	347			347
Ending balance (in shares) at Oct. 31, 2020		83,791,856
Ending balance at Oct. 31, 2020	1,659,861	$ 8	1,529,160	(7,073)	137,766
Beginning balance (in shares) at Jul. 31, 2021		83,194,157
Beginning balance at Jul. 31, 2021	1,544,894	$ 8	1,617,204	(6,218)	(66,100)
Net loss	(51,276)				(51,276)
Issuance of common stock upon exercise of stock options (in shares)		1,518
Issuance of common stock upon exercise of stock options	17		17
Issuance of common stock upon vesting of Restricted Stock Units (RSU) (in shares)		335,653
Stock-based compensation	32,533		32,533
Repurchase and retirement of common stock (in shares)		(226,172)
Repurchase and retirement of common stock	(26,262)				(26,262)
Foreign currency translation adjustment	(724)			(724)
Unrealized gain (loss) on available-for-sale securities, net of tax	(868)			(868)
Reclassification adjustment for realized gain (loss) on available-for-sale securities, included in net income (loss)	69			69
Ending balance (in shares) at Oct. 31, 2021		83,305,156
Ending balance at Oct. 31, 2021	$ 1,498,383	$ 8	$ 1,649,754	$ (7,741)	$ (143,638)

Leases

3 Months Ended

Oct. 31, 2021

Leases [Abstract]

Leases

The Company's lease obligations consist of operating leases for office facilities and equipment, with lease periods expiring through fiscal year 2032. Some leases include one or more options to renew. Lease renewals are not assumed in the determination of the lease term until the exercise of the renewal option is deemed to be reasonably certain.

Components of operating lease costs were as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Operating lease cost1	$	4,252	$	4,372
Variable lease cost	1,408		1,366
Sublease income	(390)		(395)
Net operating lease cost	$	5,270	$	5,343

(1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.2 million and $0.3 million for the three months ended October 31, 2021 and 2020, respectively.

Future operating lease payments as of October 31, 2021 were as follows (in thousands):


Fiscal Year Ending July 31,
2022 (remainder of fiscal year)	$	11,936
2023	16,821
2024	16,721
2025	16,967
2026	17,115
Thereafter	68,198
Total future lease payments	147,758
Less imputed interest	(24,146)
Total lease liability balance	$	123,612

Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):


	October 31, 2021			July 31, 2021
Operating lease assets	$	94,568		$	97,447

Current portion of lease liabilities	$	11,312		$	11,624
Non-current portion of lease liabilities	112,300			115,374
Total lease liabilities	$	123,612		$	126,998

Weighted average remaining lease term (years)	8.52			8.74
Weighted average discount rate	4.20		%	4.20		%

Supplemental cash and non-cash information related to operating leases was as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Cash payments for operating leases	$	5,934	$	5,285
Operating lease assets obtained in exchange for lease liabilities	$	415	$	9,217

Revenue (Details) - USD ($)	3 Months Ended
Revenue (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021
Revenue from Contract with Customer [Abstract]
Allowance for doubtful accounts	$ 0		$ 0
Contract costs, current	13,805,000		13,365,000
Contract costs, noncurrent	29,061,000		$ 28,870,000
Amortization of contract costs	3,001,000	$ 2,154,000
Contract with customer, liability, revenue recognized	67,000,000
Remaining performance obligation, amount	$ 881,000,000

Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	$ 744,362
12 Months or Greater	297,841
Total	1,042,203	$ 1,202,624
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	10,000
12 Months or Greater	27,602
Total	37,602	85,180
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	327,355
12 Months or Greater	0
Total	327,355	389,837
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	205,968
12 Months or Greater	166,915
Total	372,883	371,960
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	17,429
12 Months or Greater	44,736
Total	62,165	64,462
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	3,891
12 Months or Greater	44,862
Total	48,753	47,947
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	33,045
12 Months or Greater	10,521
Total	43,566	33,185
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	0
12 Months or Greater	205
Total	205	1,685
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	79,151
12 Months or Greater	3,000
Total	82,151	82,250
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	66,523
12 Months or Greater	0
Total	66,523	125,118
Strategic convertible debt investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Less Than 12 Months	1,000
12 Months or Greater	0
Total	$ 1,000	$ 1,000

Convertible Senior Notes - Schedule of interest expense recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Contractual interest expense	$ 4,794	$ 4,620
Senior Notes \| Convertible Debt
Debt Instrument [Line Items]
Contractual interest expense	1,250	1,250
Amortization of debt discount	3,176	3,020
Amortization of debt issuance costs	348	315
Total	$ 4,774	$ 4,585
Effective interest rate	5.53%

Net Income (Loss) Per Share

3 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

The Company calculates basic earnings per share by dividing the net income (loss) by the weighted average number of shares of common stock outstanding for the period. The diluted earnings per share is computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period using the treasury stock method. For purposes of this calculation, options to purchase common stock, stock awards, and the Convertible Senior Notes are considered to be common stock equivalents.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share (in thousands, except share and per share amounts):


	Three Months Ended October 31,
	2021		2020
Numerator:
Net income (loss)	$	(51,276)	$	(20,190)
Net income (loss) per share:
Basic	$	(0.62)	$	(0.24)
Diluted	$	(0.62)	$	(0.24)
Denominator:
Weighted average shares used in computing net income (loss) per share:
Basic	83,225,743		83,613,287



Diluted	83,225,743		83,613,287

The following weighted average shares of potential common stock were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been anti-dilutive:


	Three Months Ended October 31,
	2021	2020
Stock options	24,700	61,472
Stock awards	2,905,346	2,263,076
Convertible senior notes	133,668	—

Since the Company has the intent and ability to settle the principal amount of the Convertible Senior Notes in cash and any excess in shares of the Company’s common stock, the Company uses the treasury stock method for calculating any potential dilutive effect of the conversion spread on net income per share, if applicable. The conversion spread will have a dilutive impact on net income (loss) per share when the average market price of the Company’s common stock for a given period exceeds the conversion price of $113.75 per share for the Convertible Senior Notes. During the three months ended October 31, 2021, the average market price of the Company's common stock exceeded the conversion price for the Convertible Senior Notes.

Convertible Senior Notes - Net carrying value of the liability component (Details) - Senior Notes - Convertible Debt - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Debt Instrument [Line Items]
Principal	$ 400,000	$ 400,000
Debt discount	47,022	50,198
Debt issuance costs	5,629	5,977
Net carrying amount	$ 347,349	$ 343,825

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
Leases (Lease Cost) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Oct. 31, 2020
Leases [Abstract]
Operating lease cost	$ 4,252	$ 4,372
Variable lease cost	1,408	1,366
Sublease income	(390)	(395)
Net operating lease cost	5,270	5,343
Lease expense for leases with initial term of 12 months or less	$ 200	$ 300

Balance Sheet Components (Tables)

3 Months Ended

Oct. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Accounts Receivables and Allowance for Doubtful Accounts

Accounts receivable, net consists of the following (in thousands):


	October 31, 2021		July 31, 2021
Accounts receivable	$	81,112	$	105,125
Allowance for credit losses and revenue reserves	(705)		(1,057)
Accounts receivable, net	$	80,407	$	104,068

Allowance for Credit Losses and Revenue Reserves

Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands):


Balance as of July 31, 2021	$	1,057
Net changes to credit losses	—
Net changes to revenue reserves	(32)
Write-offs, net	(320)
Balance as of October 31, 2021	$	705

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Prepaid expenses	$	23,563	$	20,330
Contract costs	13,805		13,365
Deferred costs	8,657		9,247
Deposits and other receivables	11,295		9,787
Restricted cash(1)	14,124		—
Prepaid expenses and other current assets	$	71,444	$	52,729

(1) Restricted cash represents the short term portion of the acquisition consideration holdback of $3.3 million which is in escrow and funds in transit as of October 31, 2021 of $10.8 million for the purchase of strategic equity investments that had not closed as of the end of the first quarter of fiscal year 2022.

Property and equipment

Property and equipment consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Computer hardware	$	19,361	$	19,256
Purchased software	5,998		6,002
Capitalized software development costs	27,545		24,025
Equipment and machinery	12,240		12,214
Furniture and fixtures	11,791		11,482
Leasehold improvements	60,052		57,960
Total property and equipment	136,987		130,939
Less accumulated depreciation	(54,213)		(50,878)
Property and equipment, net	$	82,774	$	80,061

Schedule of Goodwill

Changes in the carrying amount of goodwill were as follows (in thousands):


Goodwill, July 31, 2021	$	340,877
Addition — HazardHub acquisition	31,185
Goodwill, October 31, 2021	$	372,062

Schedule of Finite-Lived Intangible Assets

The Company’s intangible assets are amortized over their estimated useful lives. Intangible assets consist of the following (in thousands):


		October 31, 2021						July 31, 2021
	Remaining Weighted-Average Useful Life (in years)	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Intangible assets:
Acquired technology	3.4	$	103,300	$	88,311	$	14,989	$	93,600	$	86,367	$	7,233
Customer contracts and related relationships	3.8	40,800		26,122		14,678		35,700		24,432		11,268
Partner relationships	3.4	200		124		76		200		119		81
Trademarks	4.7	3,400		1,455		1,945		2,500		1,339		1,161
Order backlog	0.0	8,700		8,700		—		8,700		8,700		—
Total	3.6	$	156,400	$	124,712	$	31,688	$	140,700	$	120,957	$	19,743

Future Amortization Expense

The future amortization expense for existing intangible assets as of October 31, 2021, based on their current useful lives, is as follows (in thousands):


Fiscal year ending July 31,
2022 (remainder of fiscal year)	$	10,327
2023	6,888
2024	5,468
2025	5,026
2026	3,572
Thereafter	407
Total	$	31,688

Other Assets

Other assets consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Prepaid expenses	$	2,974	$	3,276
Contract costs	29,061		28,870
Deferred costs	2,175		2,777
Strategic equity investments	3,556		3,556
Restricted cash(2)	4,976		—
Other assets	$	42,742	$	38,479

(2) Restricted cash represents the long-term portion of the acquisition consideration holdback.

Accrued Employee Compensation

Accrued employee compensation consists of the following (in thousands):


	October 31, 2021		July 31, 2021
Bonus	$	12,241	$	48,414
Commission	2,233		11,271
Vacation*	5,746		23,803
Salaries, payroll taxes, and benefits	18,185		18,649
Accrued employee compensation	$	38,405	$	102,137

*In the first quarter of fiscal year 2022, the Company paid out accrued vacation for employees in certain countries upon adopting a non-accrued vacation policy effective September 1, 2021.

Other Current Liabilities

Other current liabilities consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Lease liabilities	$	11,312	$	11,624
Accrued royalties	9,165		7,525
Accrued taxes	3,495		6,796
Other	4,029		5,703
Other current liabilities	$	28,001	$	31,648

Income Taxes	3 Months Ended
Income Taxes	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recognized an income tax benefit of $17.0 million and $10.7 million for the three months ended October 31, 2021 and 2020, respectively. The change in the amount of income taxes recorded for the three months ended October 31, 2021 compared to the same period a year ago was primarily due to the increase in the loss before taxes and research and development credits, offset by a tax status change of certain foreign subsidiaries for U.S. tax purposes and certain non-deductible expenses. The effective tax rate of 25% for the three months ended October 31, 2021 differs from the statutory U.S. federal income tax rate of 21% mainly due to permanent differences for stock-based compensation including excess tax benefits, research and development credits, and certain non-deductible expenses including executive compensation. During the three months ended October 31, 2021, unrecognized tax benefits increased by $0.4 million. As of October 31, 2021, the Company had unrecognized tax benefits of $11.1 million that, if recognized, would affect the Company’s effective tax rate.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Balance Sheet Components (Details Textual) - USD ($)	3 Months Ended
Balance Sheet Components (Details Textual) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Property and equipment pledged as collateral	$ 0		$ 0
Depreciation	3,600,000	$ 3,600,000
Amortization	1,200,000	600,000
Amortization expense	$ 3,800,000	$ 6,300,000

Balance Sheet Components - Goodwill (Details) $ in Thousands	3 Months Ended
	Oct. 31, 2021 USD ($)
Goodwill [Roll Forward]
Goodwill, July 31, 2021	$ 340,877
Addition — HazardHub acquisition	31,185
Goodwill, October 31, 2021	$ 372,062

The Company and Summary of Significant Accounting Policies and Estimates (Property and Equipment Useful Lives) (Details)	3 Months Ended
	Oct. 31, 2021
Computer hardware
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Purchased software
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Equipment and machinery \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Equipment and machinery \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Life	5 years

Leases (Tables)

3 Months Ended

Oct. 31, 2021

Leases [Abstract]

Components of Lease Cost

Components of operating lease costs were as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Operating lease cost1	$	4,252	$	4,372
Variable lease cost	1,408		1,366
Sublease income	(390)		(395)
Net operating lease cost	$	5,270	$	5,343

Future Operating Lease Payments

Future operating lease payments as of October 31, 2021 were as follows (in thousands):


Fiscal Year Ending July 31,
2022 (remainder of fiscal year)	$	11,936
2023	16,821
2024	16,721
2025	16,967
2026	17,115
Thereafter	68,198
Total future lease payments	147,758
Less imputed interest	(24,146)
Total lease liability balance	$	123,612

Supplemental Lease Information

Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):


	October 31, 2021			July 31, 2021
Operating lease assets	$	94,568		$	97,447

Current portion of lease liabilities	$	11,312		$	11,624
Non-current portion of lease liabilities	112,300			115,374
Total lease liabilities	$	123,612		$	126,998

Weighted average remaining lease term (years)	8.52			8.74
Weighted average discount rate	4.20		%	4.20		%

Supplemental Cash And Non-Cash Information

Supplemental cash and non-cash information related to operating leases was as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Cash payments for operating leases	$	5,934	$	5,285
Operating lease assets obtained in exchange for lease liabilities	$	415	$	9,217

Net Income (Loss) Per Share (Tables)

3 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Company's basic and diluted earnings per share

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share (in thousands, except share and per share amounts):


	Three Months Ended October 31,
	2021		2020
Numerator:
Net income (loss)	$	(51,276)	$	(20,190)
Net income (loss) per share:
Basic	$	(0.62)	$	(0.24)
Diluted	$	(0.62)	$	(0.24)
Denominator:
Weighted average shares used in computing net income (loss) per share:
Basic	83,225,743		83,613,287



Diluted	83,225,743		83,613,287

Schedule of Antidilutive Securities excluded from EPS


	Three Months Ended October 31,
	2021	2020
Stock options	24,700	61,472
Stock awards	2,905,346	2,263,076
Convertible senior notes	133,668	—

Cover Page - shares	3 Months Ended
Cover Page - shares	Oct. 31, 2021	Nov. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2021
Document Transition Report	false
Entity File Number	001-35394
Entity Registrant Name	Guidewire Software, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4468504
Entity Address, Address Line One	2850 S. Delaware St., Suite 400
Entity Address, City or Town	San Mateo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94403
City Area Code	650
Local Phone Number	357-9100
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	GWRE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		83,308,062
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001528396
Current Fiscal Year End Date	--07-31

Acquisitions

3 Months Ended

Oct. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Acquisitions

On August 18, 2021, the Company completed its acquisition of HazardHub, Inc. ("HazardHub") for net cash consideration of approximately $53 million, subject to customary transaction adjustments, of which approximately $8 million is an acquisition consideration holdback which is subject to service conditions over the next three years. HazardHub provides API-driven property risk insights to the property & casualty insurance industry through curation, analysis, and distillation of vast amounts of data to deliver a comprehensive, national catalog of risks that may damage or destroy property. The acquisition was accounted for as a business combination.

In conjunction with the preliminary purchase price allocation, the Company determined that HazardHub's separately identifiable intangible assets were developed technology, customer relationships, and trade names. The valuation models were based on estimates of future operating projections of HazardHub and rights to sell new products containing the acquired technology as well as judgments on the discount rates used and other variables. The Company developed forecasts based on a number of factors including future revenue and operating cost projections, a discount rate that is representative of the weighted average cost of capital, in addition to royalty and long-term sustainable growth rates based on a market analysis. These fair value measurements were based on significant inputs that were not observable in the market and thus represents a Level 3 measurement. The Company amortizes the acquired intangibles over their estimated useful lives as set forth in the table below.

The preliminary allocation of purchase price is pending the completion of certain statutory tax filing requirements and is therefore subject to potential future measurement period adjustments. The measurement period will end no later than August 17, 2022. The preliminary allocation of the purchase consideration is as follows:


	Preliminary Purchase Price Allocation		Estimated Useful Lives
	(in thousands)		(in years)
Acquired assets, net of assumed liabilities	$	461
Developed technology	9,700		5
Customer relationships	5,100		5
Trademarks	900		7
Goodwill	31,185
Deferred tax liability	(2,839)
Total preliminary purchase consideration	$	44,507

Goodwill of $31.2 million arising from the acquisition is primarily related to the acquired workforce, expected synergies, and the opportunity to expand the Company’s customer base. The goodwill recorded is not expected to be deductible for income tax purposes.

The Company and Summary of Significant Accounting Policies and Estimates (Policies)

3 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Company

Guidewire Software, Inc., a Delaware corporation, was incorporated on September 20, 2001. Guidewire Software, Inc., together with its subsidiaries (the “Company”), provides a technology platform, which combines core operations, digital engagement, analytics, and artificial intelligence ("AI") applications. The Company's technology platform supports core insurance operations, including underwriting and policy administration, claim management and billing; insights into data that can improve business decision making; and digital sales, service and claims experiences for policyholders, agents, and other key stakeholders. The Company’s customers are primarily property and casualty insurance carriers.

Basis of Presentation and Consolidation

The Company's condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The condensed consolidated financial statements and notes include the Company and its wholly-owned subsidiaries and reflect all adjustments (all of which are normal and recurring in nature) that, in the opinion of management, are necessary for a fair presentation of the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. Certain information and disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted under the rules and regulations of the SEC.

These condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and related notes, together with management’s discussion and analysis of financial condition and results of operations, presented in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2021. There have been no changes in the Company’s significant accounting policies from those that were disclosed in the Company’s consolidated financial statements included in its Annual Report on Form 10-K.

Use of Estimates

The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Significant items subject to such estimates include, but are not limited to, revenue recognition, the useful lives of property and equipment and intangible assets, accounts receivable allowances, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, fair value of convertible senior notes and investments, valuation of goodwill and intangible assets, fair value of acquired assets and assumed liabilities, software development costs to be capitalized, leases, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ from these estimates.

Foreign Currency

The functional currency of the Company’s foreign subsidiaries is their respective local currency. The Company translates all assets and liabilities of foreign subsidiaries to U.S. dollars at the current exchange rate as of the applicable balance sheet date. Revenue and expenses are translated at the average exchange rate prevailing during the period in which the transactions occur. The effects of foreign currency translations are recorded in accumulated other comprehensive income (loss) as a separate component of stockholders' equity in the accompanying condensed consolidated balance sheets. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency of the recording entity are included in other income (expense) in the condensed consolidated statements of operations.

Cash and Cash Equivalents

Cash and Cash EquivalentsCash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. Cash equivalents primarily consist of commercial paper and money market funds.

Investments

Management determines the appropriate classification of investments at the time of purchase based upon management’s intent with regard to such investments. All investments in the periods presented have been classified as available-for-sale.

The Company classifies investments as short-term when they have remaining contractual maturities of one year or less from the balance sheet date, and as long-term when the investments have remaining contractual maturities of more than one year from the balance sheet date. Investments are recorded at fair value with unrealized holding gains and losses, net of taxes, generally included in accumulated other comprehensive income (loss) on the condensed consolidated balance sheets. Unrealized losses related to the credit worthiness of an investment, if any, are recorded in other income (expense), net on the condensed consolidated statements of operations.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Maintenance and repairs that do not extend the life or improve an asset are expensed in the period incurred.

The estimated useful lives of property and equipment are as follows:


Computer hardware						3 years
Purchased software						3 years
Equipment and machinery						3 to 5 years
Furniture and fixtures						5 years
Leasehold improvements						Shorter of 10 years or remaining lease term

Software Development Costs

Certain development costs related to software delivered to customers ("self-managed software") incurred subsequent to the establishment of technological feasibility are subject to capitalization and amortized over the estimated lives of the related products. Technological feasibility is established upon completion of a working model. Costs incurred subsequent to the establishment of technological feasibility have not been material and, therefore, all software development costs related to self-managed software have been charged to research and development expense in the accompanying condensed consolidated statements of operations as incurred.

The Company capitalizes software development costs for technology applications that the Company will offer solely as cloud-based subscriptions, which is primarily comprised of compensation for employees who are directly associated with cloud software development projects. The Company begins to capitalize costs when preliminary development efforts are successfully completed, management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended. If any of these criteria cease being met before the software reaches its intended use, any capitalized costs related to the project will be impaired. When the software reaches its intended use, which is typically once the technology applications are available for general release, capitalized costs are amortized to cost of revenue over the estimated useful lives of the related assets, generally estimated to be three to five years. Costs incurred prior to meeting these capitalization criteria and costs incurred for training and maintenance are recorded as research and development expense in the Company's condensed consolidated statements of operations as incurred. Capitalized software development costs are recorded in property and equipment in the Company's condensed consolidated balance sheets.

Leases

The Company accounts for leases under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 842: Leases (“ASC 842"). Under ASC 842, the Company determines if an arrangement is a lease at inception of the agreement. If an arrangement is determined to be a lease, an operating lease asset, also known as a right-of-use asset, and lease liability are recorded based on the present value of lease payments over the lease term. In connection with determining the present value of the lease payments, the Company considers only payments that are fixed and determinable at the time of commencement, including non-lease components that are fixed throughout the lease term. Variable components of the lease payments, such as utilities and maintenance costs, are expensed as incurred and not included in determining the present value of the lease liability. As the Company's leases generally do not provide an implicit rate, the Company's incremental borrowing rate, calculated based on available information at the lease commencement date, is used in determining the present value of the lease payments. The Company's incremental borrowing rate is a hypothetical rate based on the Company's understanding of its credit rating. The lease term used to calculate the lease liability and operating lease asset includes options to extend or terminate the lease if it is reasonably certain the Company will exercise that option. Operating lease assets also include any lease payments made prior to commencement and are recorded net of any lease incentives received. Lease expense is recognized on a straight-line basis over the lease term and is reflected in the condensed consolidated statements of operations in each of the cost of revenue and operating expense categories.

The Company also enters into agreements to sublease unoccupied office space. Any sublease payments received in excess of the straight-line rent expense related to the subleased space are recorded as an offset to operating expenses over the sublease term.

Operating leases are included in operating lease assets, other current liabilities, and lease liabilities on the condensed consolidated balance sheets.

Impairment of Long-Lived Assets, Intangible Assets, and Goodwill

The Company evaluates its long-lived assets, consisting of property and equipment, operating lease assets, and intangible assets, for indicators of possible impairment when events or changes in circumstances indicate that the carrying amount of certain assets may not be recoverable. Impairment exists if the carrying amount of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the assets over the estimated fair value of the assets. There have been no long-lived assets and intangible assets impairments during the periods presented.

The Company tests goodwill for impairment annually, during the fourth quarter of each fiscal year, and in the interim whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company evaluates qualitative factors to determine whether it is more likely than not that the fair value of the Company’s single reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the goodwill impairment test. In performing the qualitative assessment, the Company considers events and circumstances, including, but not limited to, macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a reporting unit’s net assets, and changes in the price of the Company’s common stock. If, after assessing the totality of events or circumstances, the Company determines that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then the goodwill impairment test is not performed. There have been no goodwill impairments during the periods presented.

Convertible Senior Notes

In March 2018, the Company issued $400.0 million aggregate principal amount of 1.25% Convertible Senior Notes due 2025 (the “Convertible Senior Notes”). The Company accounts for the liability and equity components of the issued Convertible Senior Notes separately. The carrying amount of the equity component, representing the conversion option, was determined by deducting the fair value of the liability component from the par value of the Convertible Senior Notes as a whole. This difference represents a debt discount that is amortized to interest expense using the effective interest method over the term of the Convertible Senior Notes. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The liability and equity components will not be remeasured as long as the conversion option continues to meet the requirements for equity classification. The equity component is net of issuance costs and recorded in additional paid-in capital.

Business Combinations

The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. Goodwill is calculated as the difference between the acquisition-date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed. The Company’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and subject to refinement and, as a result, actual results may differ from estimates. During the measurement period, which may be up to one year from the acquisition date, if new information is obtained about facts and circumstances that existed as of the acquisition date, the Company may record adjustments to the fair value of these assets and liabilities, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired and liabilities assumed, whichever comes first, subsequent adjustments, if any, are recorded to the Company’s condensed consolidated statements of operations.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, accounts receivable and unbilled accounts receivable. The Company maintains its cash, cash equivalents, and investments with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded in the condensed consolidated balance sheets are in excess of amounts that are insured by the Federal Deposit Insurance Corporation.

Accounts Receivable and Allowances

Accounts receivable are recorded at invoiced amounts and do not bear interest. While the Company does not require collateral, the Company performs ongoing credit evaluations of its customers. The Company maintains an allowance for credit losses based upon the expected collectability of its accounts receivable. The expectation of collectability is based on historical loss patterns, the number of days that billings are past due, and an evaluation of the potential risk of loss associated with delinquent accounts. Credit losses are recorded in general and administrative expense while billing and other revenue adjustments are recorded against the corresponding revenue financial statement line item in the condensed consolidated statements of operations.

Revenue Recognition

The Company’s revenue is derived from contracts with customers. The majority of the Company’s revenue is derived from subscriptions to its cloud services, licensing arrangements for its software, and implementation and other professional services arrangements. The Company accounts for revenue in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606").

The core principle of ASC 606 is to recognize revenue upon the transfer of services or products to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products.

The Company applies the following framework to recognize revenue:

Identification of the contract, or contracts, with the customer

The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts. The Company determines it has a contract with a customer when the contract is approved, the Company can identify each party’s rights regarding the services and products to be transferred, the Company can identify the payment terms for the services and products, the Company has determined that the customer has the ability and intent to pay, and the contract has commercial substance. In general, contract terms will be reflected in a written document that is signed by both parties. At contract inception, the Company evaluates whether two or more contracts should be combined and accounted for as a single contract. The Company also evaluates the customer’s ability and intent to pay, which is based on a variety of factors, including the customer’s historical payment experience or, in the case of a new customer, credit and financial information pertaining to the customer.

Contracts may be modified to account for changes in contract scope or price. The Company considers contract modifications to exist when the modification either creates new rights or obligations or changes the existing enforceable rights and obligations of either party. Contract modifications for services and products that are distinct from the existing contract and are priced commensurate with their standalone selling price are treated as separate contracts and are accounted for prospectively. Contract modifications for services and products that are distinct but are not priced commensurate with their standalone selling price or are not distinct from the existing contract may affect the initial transaction price or the allocation of the transaction price to the performance obligations in the contract. In such cases, recognized revenue may be adjusted.

Identification of the performance obligation in the contract

Performance obligations promised in a contract are identified based on the services or products that will be transferred to the customer that are both:

i.capable of being distinct, whereby the customer can benefit from the service or product either on its own or together with other resources that are readily available from the Company or third parties, and

ii.distinct in the context of the contract, whereby the transfer of the services or products is separately identifiable from other promises in the contract.

To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are accounted for as a combined performance obligation.

The Company generates revenue from the following sources, which represent the performance obligations of the Company:

i.Subscription services related to the Company's Software-as-a-Service ("SaaS") offerings, including hosting;

ii.Support activities that consist of email and phone support, bug fixes, and unspecified software updates and upgrades released when, and if, available during the support term;

iii.Self-managed software licenses related to term or perpetual agreements; and

iv.Services related to the implementation and configuration of the Company’s services and products, reimbursable travel, and training.

Subscriptions are typically sold with a three to five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year.

Determination of the transaction price

The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the customer. Consideration may vary due to discounts, incentives, and potential service level credits or contractual penalties. Variable consideration is estimated and included in the transaction price if, in the Company’s judgment, it is probable that there will not be a significant future reversal of cumulative revenue under the contract.

Self-managed software licenses and subscription services may be subject to either fixed or variable installments. Variable installments are generally subject to changes in a customer’s Direct Written Premium (“DWP”) or a customer’s Gross Written Premium (“GWP”). When consideration is subject to variable installments, the Company estimates variable consideration using the expected value method based on historical DWP or GWP usage to the extent that a significant revenue reversal is not probable to occur. When consideration is subject to a customer termination right, the Company estimates the total transaction price using the most likely method, and defers consideration associated with the customer’s termination right until it expires.

The Company elected the practical expedient to evaluate whether a significant financing component exists when the contract term is greater than one year and the timing of revenue recognition occurs in advance of invoicing. This timing difference occurs when control of the software license is transferred at a point in time, usually at the contract onset, but the customer payments occur over time. A significant financing component generally does not exist under the Company’s standard contracting and billing practices. For example, the Company’s typical time-based licenses have a two-year initial term with the final payment due at the end of the first year and the Company's typical subscription services are generally billed in advance of providing the services.

Allocation of the transaction price to the performance obligations in the contract

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its standalone selling price (“SSP”) in relation to the total fair value of all performance obligations in the arrangement. The majority of the Company’s contracts contain multiple performance obligations, such as when licenses are sold with support, implementation services, or training services. Additionally, as customers enter into subscription agreements to migrate from an existing term license agreement, customers may be under contract for self-managed licenses and support, in addition to subscription services, for a period of time, which may require an allocation of the transaction price to each performance obligation. New and migration subscription agreements also typically include implementation, configuration and training services, which may require an allocation of the transaction price to each performance obligation. Some of the Company’s performance obligations, such as support, implementation services, and training services, have observable inputs that are used to determine the SSP of those distinct performance obligations. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs. In the circumstances when available information to determine SSP is highly variable or uncertain, such as for our term licenses, the Company will use the residual method.

Recognition of revenue when, or as, the Company satisfies a performance obligation

The Company recognizes revenue when control of the services or products are transferred to a customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time.

Performance obligations satisfied at a point in time

Self-managed term and perpetual software licenses comprise the majority of distinct performance obligations that are satisfied at a point in time. Revenue is recognized at the point in which the self-managed software licenses are made available to a customer. Consideration for self-managed software licenses is typically billed in advance on an annual basis over the license term.

Performance obligations satisfied over a period of time

Subscriptions, support activities, and professional service arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time.

Revenue from subscription arrangements is recognized ratably over the subscription period using a time-based measure of progress as customers receive the benefits from their subscriptions over the contractually agreed-upon term. The Company’s subscription arrangements are generally three to five years in duration. Consideration for subscription arrangements is typically billed in advance on an annual basis over the contract period.

Revenue from support activities associated with self-managed licenses is a stand-ready obligation, which is generally recognized over the contractually agreed-upon term using a time-based measure of progress as customers receive benefits from the availability of support technicians over the support period. Consideration for support activities is typically billed in advance on an annual basis. The Company’s support activities are consistently priced as a percentage of the associated self-managed software license.

Revenue from professional service arrangements is recognized over the service period as the underlying services are performed.

In substantially all of the Company’s professional service contracts, services are separately identifiable performance obligations for which related revenue and costs are recognized according to when each service obligation is delivered. Substantially all professional services engagements are billed and recognized on a time and materials basis. In select situations, the Company will contract professional services on a fixed fee basis, where the Company generally recognizes services revenue over time, using an input method. The measure of progress of the professional services being provided under these fixed fee arrangements is based on hours incurred compared to estimates of the total hours to complete the performance obligation.

When professional services are sold with a self-managed license or subscription arrangement, the Company evaluates whether the performance obligations are distinct or separately identifiable, or whether they constitute a single performance obligation. In the limited cases where professional services are not considered to be distinct from the self-managed license or subscription services, the Company will recognize revenue based on the nature and term of the combined performance obligation when control of the combined performance obligation is transferred to the customer.

Balance Sheet Presentation

Contracts with customers are reflected in the condensed consolidated balance sheets as follows:

•Accounts receivable, net represents amounts billed to customers in accordance with contract terms for which payment has not yet been received. It is presented net of any allowances as part of current assets in the condensed consolidated balance sheets.

•Unbilled accounts receivable, net represents amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This situation typically occurs when the Company transfers control of self-managed software licenses to customers up-front, but invoices customers annually over the term of the license. Unbilled accounts receivable is classified as either current or non-current based on the duration of remaining time between the date of the condensed consolidated balance sheets and the anticipated due date of the underlying receivables. Unbilled accounts receivable is evaluated for credit losses based upon the expected collectibility of future accounts receivable, customer payment history, global economic conditions, and ongoing credit evaluations of customers. Unbilled accounts receivable is presented net of allowance for credit losses, if applicable, in the condensed consolidated balance sheets. This balance represents contract assets.

•Contract costs include customer acquisition costs, which consist primarily of sales commissions and related payroll taxes paid to sales personnel and referral fees paid to third-parties, and costs to fulfill a contract, which consist primarily of royalties

payable to third-party software providers that support both the Company’s software offerings and support services. The short-term portion is presented as prepaid and other current assets. The long-term portion is presented as other assets.

•Deferred costs represent costs related to our professional services that have been deferred to align with revenue recognition. The short-term portion is presented as prepaid and other current assets. The long-term portion is presented as other assets.

•Deferred revenue, net represents amounts that have been invoiced and for which the Company has the right to bill, but that have not been recognized as revenue because the related services or products have not been transferred to the customer. Deferred revenue that will be realized during the 12-month period following the date of the condensed consolidated balance sheets is recorded as current. The remaining deferred revenue is recorded as non-current. This balance represents contract liabilities.

The Company may receive consideration from its customers in advance of performance on a portion of the contract and, on another portion of the contract, perform in advance of receiving consideration. Contract assets and liabilities related to rights and obligations in a contract are interdependent. Therefore, contract assets and liabilities are presented net at the contract level, as either a single contract asset or a single contract liability, in the condensed consolidated balance sheets.

Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. The Company excludes amounts related to professional services contracts that are on a time and materials basis from remaining performance obligations.

Contract Costs

Contract costs consists of two components, customer acquisition costs and costs to fulfill a contract.

Customer acquisition costs are capitalized only if the costs are incrementally incurred to obtain a customer contract and the expected amortization period is greater than one year. Contract costs are classified as either current or non-current based on the duration of time remaining between the date of the condensed consolidated balance sheets and the anticipated amortization date of the associated costs. Capitalized customer acquisition costs related to software licenses, subscriptions, and support services are amortized over the anticipated period of time that such goods and services are expected to be provided to a customer, which the Company estimates to be approximately five years. The amortization of customer acquisition costs is classified as a sales and marketing expense in the condensed consolidated statement of operations.

Costs to fulfill a contract, or fulfillment costs, are only capitalized if they relate directly to a contract with a customer, the costs generate or enhance resources that will be used to satisfy performance obligations in the future, and the costs are expected to be recoverable. Fulfillment costs would be generally amortized over the same period of time as the customer acquisition costs. The amortization of fulfillment costs is classified as a cost of revenue in the condensed consolidated statement of operations.

Warranties

The Company generally provides a warranty for its software services and products to its customers for periods ranging from three to twelve months. The Company's software products are generally warranted to be free of defects in materials and workmanship under normal use and to substantially perform as described in published documentation. The Company's services are generally warranted to be performed in a professional manner and to materially conform to the specifications set forth in the related customer contract. In the event there is a failure of such warranties, the Company generally will correct the problem or provide a reasonable workaround or replacement product. If the Company cannot correct the problem or provide a workaround or replacement product, then the customer's remedy is generally limited to a refund of the fees paid for the non-conforming product or services. Warranty expense has been insignificant to date.

Advertising Costs

Advertising costs are expensed as incurred and amounts incurred were not material during the three months ended October 31, 2021 and 2020.

Stock-Based Compensation

The Company accounts for stock-based compensation using the fair value method, which requires the Company to measure stock-based compensation based on the grant-date fair value of the awards and recognize the compensation expense over the requisite service period. The Company recognizes compensation expense net of actual forfeitures. For the periods presented, the Company has granted time-based restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), and restricted stock units that may be earned subject to the Company’s total shareholder return ranking relative to the software companies in the S&P Software and

Services Select Industry Index (“S&P Index”) over a specified performance period or periods, service periods, and, in select cases, performance conditions (“TSR PSUs”). RSUs, PSUs, and TSR PSUs are collectively referred to as “Stock Awards.”

The fair value of the Company’s RSUs and PSUs is equal to the market value of the Company’s common stock on the date of grant. These awards are subject to time-based vesting, which generally occurs over a period of three to four years. The Company recognizes compensation expense for awards that contain only service conditions on a straight-line basis over the requisite service period, which is generally the vesting period of the respective awards. The Company recognizes the compensation cost for awards that contain either performance conditions, market conditions, or both using the graded vesting method and a portion of the expense may fluctuate depending on changing estimates of the achievement of the performance conditions.

The fair value of the Company’s TSR PSUs is estimated at the grant date using the Monte Carlo simulation method. The assumptions utilized under this method require judgments and estimates. Changes in these inputs and assumptions could affect the measurement of the estimated fair value of the compensation expense of the related stock awards. Compensation expense associated with TSR PSUs will be recognized over the vesting period regardless of whether the market condition is ultimately satisfied; however, the expense will be reversed if a grantee terminates prior to satisfying the requisite service period. For TSR PSUs containing an additional performance condition, a portion of the expense may fluctuate depending on estimates of the achievement of the performance conditions. All TSR PSUs will vest at the end of a three-year period.

Income Taxes

Income taxes are accounted for under the asset and liability method. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement carrying amounts and tax basis of existing assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. All deferred tax assets and liabilities are classified as non-current on the Company’s condensed consolidated balance sheets. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance against deferred tax assets is recorded when it is more likely than not that some portion or all of such deferred tax assets will not be realized and is based on both positive and negative evidence about the future, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations.

The effective tax rate in any given financial statement period may differ materially from the statutory rate. These differences may be caused by changes in tax regulations and resulting changes in the deferred tax valuation allowance; changes in the mix and level of income or losses; changes in the expected outcome of tax audits; permanent differences for stock-based compensation, including excess tax benefits; research and development credits; the tax rate differences between the United States and foreign countries; foreign withholding taxes; certain non-deductible expenses, including executive compensation; acquisition-related expenses; and provisions under the Tax Cuts and Jobs Act (the “Tax Act”), including a provision to tax global intangible low-taxed income of foreign subsidiaries, a special deduction for foreign-derived intangible income, and a base erosion anti-abuse tax that may tax certain payments between a U.S. corporation and its foreign subsidiaries.

The Company records interest and penalties related to unrecognized tax benefits as income tax expense in its condensed consolidated statement of operations.

Recently Adopted Accounting Pronouncements

Recent Accounting Pronouncements Not Yet Adopted

Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

In August 2020, the FASB issued ASU No. 2020-06, “Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”, which simplifies the accounting for convertible instruments by eliminating the requirement to separate embedded conversion features from the host contract when the conversion features are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital. By removing the separation model, a convertible debt instrument will be reported as a single liability instrument with no separate accounting for embedded conversion features. This new standard also removes certain settlement conditions that are required for contracts to qualify for equity classification and simplifies the diluted earnings per share calculations by requiring that an entity use the if-converted method and that the effect of potential share settlement be included in diluted earnings per share calculations. This new standard will be effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements, however, it believes the requirement to use the if-converted method instead of the treasury stock method of accounting for the shares issuable upon conversion of the Convertible Senior Notes, could negatively affect its diluted earnings per share.

Other Accounting Pronouncements

Other recent accounting pronouncements that will be applicable to the Company are not expected to have a material impact on its present or future financial statements.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (51,276)	$ (20,190)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	8,434	10,537
Amortization of debt discount and issuance costs	3,524	3,335
Amortization of contract costs	3,001	2,154
Stock-based compensation	32,240	28,084
Changes to allowance for credit losses and revenue reserves	35	(43)
Deferred income tax	(17,551)	(11,827)
Amortization of premium (accretion of discount) on available-for-sale securities, net	1,601	1,390
Other non-cash items affecting net income (loss)	131	(10)
Changes in operating assets and liabilities:
Accounts receivable	24,088	35,924
Unbilled accounts receivable	(6,137)	(25,214)
Prepaid expenses and other assets	(7,046)	(1,841)
Operating lease assets	2,879	(4,581)
Accounts payable	(1,333)	(2,198)
Accrued employee compensation	(62,637)	(13,513)
Deferred revenue	(30,456)	(23,646)
Lease liabilities	(3,386)	6,772
Other liabilities	(3,153)	(840)
Net cash provided by (used in) operating activities	(107,042)	(15,707)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(241,247)	(346,405)
Sales of available-for-sale securities	27,331	57,903
Maturities of available-for-sale securities	272,943	241,591
Purchases of property and equipment	(3,333)	(1,907)
Capitalized software development costs	(3,783)	(2,581)
Acquisition of strategic investments	0	(2,000)
Acquisition of business, net of acquired cash	(43,830)	0
Net cash provided by (used in) investing activities	8,081	(53,399)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock upon exercise of stock options	17	1,716
Repurchase and retirement of common stock	(26,262)	(5,000)
Net cash provided by (used in) financing activities	(26,245)	(3,284)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	(984)	(743)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(126,190)	(73,133)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period	384,910	366,969
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period	258,720	293,836
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH TO CONDENSED CONSOLIDATED BALANCE SHEETS
Cash and cash equivalents	239,620	293,836
Restricted cash included in prepaid expenses and other current assets and other assets	19,100	0
Total cash, cash equivalents, and restricted cash	258,720	293,836
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	2,500	2,500
Cash paid for income taxes, net of tax refunds	717	990
Accruals for purchase of property and equipment	2,639	343
Accruals for capitalized software development costs	$ 287	$ 112

Revenue

3 Months Ended

Oct. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Disaggregation of Revenue

Revenue by license or service type is as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Subscription and Support
Subscription	$	57,129	$	37,230
Support	21,861		20,736
License
Term license	40,105		65,225
Perpetual license	48		58
Services	46,791		46,553
Total revenue	$	165,934	$	169,802

Revenue by revenue type and by geography is as follows (in thousands):


	Three Months Ended October 31, 2021
	Subscription and support		License		Services		Total

United States	$	53,023	$	18,453	$	32,663	$	104,139
Canada	11,941		5,813		2,358		20,112
Other Americas	1,039		237		708		1,984
Total Americas	66,003		24,503		35,729		126,235
United Kingdom	2,333		5,832		1,094		9,259
Other EMEA	5,217		1,407		6,395		13,019
Total EMEA	7,550		7,239		7,489		22,278
Total APAC	5,437		8,411		3,573		17,421
Total revenue	$	78,990	$	40,153	$	46,791	$	165,934


	Three Months Ended October 31, 2020
	Subscription and support		License		Services		Total

United States	$	39,013	$	40,977	$	32,360	$	112,350
Canada	7,142		10,753		1,137		19,032
Other Americas	1,113		235		1,846		3,194
Total Americas	47,268		51,965		35,343		134,576
United Kingdom	2,030		8,299		1,315		11,644
Other EMEA	5,120		803		6,978		12,901
Total EMEA	7,150		9,102		8,293		24,545
Total APAC	3,548		4,216		2,917		10,681
Total revenue	$	57,966	$	65,283	$	46,553	$	169,802

No country or region, other than those presented above, accounted for more than 10% of revenue during the three months ended October 31, 2021 and 2020.

Customer Contract - Related Balance Sheet Amounts

Amounts related to customer contract-related arrangements are included in the condensed consolidated balance sheets as follows (in thousands):


	October 31, 2021		July 31, 2021
Unbilled accounts receivable, net	$	109,672	$	103,422
Contract costs, net	42,877		42,235

Deferred revenue, net	116,256		145,936

As of October 31, 2021 and July 31, 2021, there was no allowance for credit losses associated with unbilled accounts receivable.

Contract costs

The current portion of contract costs of $13.8 million and $13.4 million is included in prepaid and other current assets in the Company’s condensed consolidated balance sheets as of October 31, 2021 and July 31, 2021, respectively. The non-current portion of contract costs of $29.1 million and $28.9 million is included in other assets in the Company’s condensed consolidated balance sheets as of October 31, 2021 and July 31, 2021, respectively. The Company amortized $3.0 million and $2.2 million of contract costs during the three months ended October 31, 2021 and 2020, respectively.

Deferred revenue

During the three months ended October 31, 2021, the Company recognized revenue of approximately $67 million related to the Company’s deferred revenue balance reported as of July 31, 2021.

Remaining Performance Obligations

The aggregate amount of consideration allocated to remaining performance obligations either not satisfied or partially satisfied, was approximately $881 million as of October 31, 2021. Subscription services are typically satisfied over three to five years, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services under time and material contracts are not included in the performance obligations calculation as these arrangements can be cancelled at any time.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Oct. 31, 2021 USD ($) segment	Jul. 31, 2021 USD ($)
Segment Reporting, Asset Reconciling Item [Line Items]
Number of operating segments \| segment	1
Long-lived asset, including intangibles and goodwill
Total	$ 177,342	$ 177,508
Americas
Long-lived asset, including intangibles and goodwill
Total	141,104	143,736
EMEA
Long-lived asset, including intangibles and goodwill
Total	34,835	32,171
APAC
Long-lived asset, including intangibles and goodwill
Total	$ 1,403	$ 1,601

Stock-Based Compensation Expense and Shareholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021	Dec. 15, 2020	Oct. 20, 2020
Class of Stock [Line Items]
Share-based compensation expense	$ 4,000,000	$ 3,300,000
Stockholders Equity and Stock Based Compensation (Additional Textual) [Abstract]
Common stock, shares authorized (in shares)	500,000,000		500,000,000
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Shares issued (in shares)	83,305,156		83,194,157
Shares outstanding (in shares)	83,305,156		83,194,157
Total common stock reserved for issuance (in shares)	7,098,528		7,434,315
Authorized repurchase amount					$ 200,000,000
Shares repurchased (in shares)	226,172
Average price per share (in dollars per share)	$ 116.12
Aggregate purchase price	$ 26,300,000
Remaining authorized amount	$ 11,200,000
Equity Incentive Plan
Stockholders Equity and Stock Based Compensation (Additional Textual) [Abstract]
Total common stock reserved for issuance (in shares)				5,000,000
PSUs
Class of Stock [Line Items]
Period of time based Vesting	3 years
PSUs \| Tranche One
Class of Stock [Line Items]
Award vesting percentage	50.00%
PSUs \| Tranche two
Class of Stock [Line Items]
Award vesting percentage	50.00%
TSR PSUs
Class of Stock [Line Items]
Period of time based Vesting	3 years

Fair Value of Financial Instruments (Tables)

3 Months Ended

Oct. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Available-for-sale Securities Reconciliation

Available-for-sale investments within cash equivalents and investments consist of the following (in thousands):


	October 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government agency securities	$	37,672	$	1	$	(71)	$	37,602
Commercial paper	327,355		—		—		327,355
Corporate bonds	372,970		335		(422)		372,883
U.S. Government bonds	62,321		36		(192)		62,165
Asset-backed securities	48,778		8		(33)		48,753
Foreign government bonds	43,586		7		(27)		43,566
Municipal bonds	205		—		—		205
Certificates of deposit	82,151		—		—		82,151
Money market funds	66,523		—		—		66,523
Strategic convertible debt investment*	1,000		—		—		1,000
Total	$	1,042,561	$	387	$	(745)	$	1,042,203

*At original cost


	July 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government agency securities	$	85,165	$	15	$	—	$	85,180
Commercial paper	389,837		—		—		389,837
Corporate bonds	371,374		623		(37)		371,960
U.S. Government bonds	64,401		62		(1)		64,462
Asset-backed securities	47,925		29		(7)		47,947
Foreign government bonds	33,177		10		(2)		33,185
Municipal bonds	1,685		—		—		1,685
Certificates of deposit	82,250		—		—		82,250
Money market funds	125,118		—		—		125,118
Strategic convertible debt investment*	1,000		—		—		1,000
Total	$	1,201,932	$	739	$	(47)	$	1,202,624

Investments Classified by Contractual Maturity Date

The following table summarizes the contractual maturities of the Company’s available-for-sale investments measured at fair value (in thousands):


	October 31, 2021
	Less Than 12 Months		12 Months or Greater		Total
U.S. Government agency securities	$	10,000	$	27,602	$	37,602
Commercial paper	327,355		—		327,355
Corporate bonds	205,968		166,915		372,883
U.S. Government bonds	17,429		44,736		62,165
Asset-backed securities	3,891		44,862		48,753
Foreign government bonds	33,045		10,521		43,566
Municipal bonds	—		205		205
Certificates of deposit	79,151		3,000		82,151
Money market funds	66,523		—		66,523
Strategic convertible debt investment	$	1,000	$	—	$	1,000
Total	$	744,362	$	297,841	$	1,042,203

Fair Value, Assets Measured on Recurring Basis

The following tables summarize the Company’s available-for-sale investments measured at fair value, by level within the fair value hierarchy (in thousands):


	October 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Commercial paper	$	—	$	75,677	$	—	$	75,677


Money market funds	66,523		—		—		66,523

Total cash equivalents	66,523		75,677		—		142,200
Short-term investments:
U.S. Government agency securities	—		10,000		—		10,000
Commercial paper	—		251,678		—		251,678
Corporate bonds	—		205,968		—		205,968
U.S. Government bonds	—		17,429		—		17,429
Asset-backed securities	—		3,891		—		3,891
Foreign government bonds	—		33,045		—		33,045


Certificates of deposit	—		79,151		—		79,151
Strategic convertible debt investment	—		—		1,000		1,000
Total short-term investments	—		601,162		1,000		602,162
Long-term investments:
U.S. Government agency securities	—		27,602		—		27,602

Corporate bonds	—		166,915		—		166,915
U.S. Government bonds	—		44,736		—		44,736
Asset-backed securities	—		44,862		—		44,862
Foreign government bonds	—		10,521		—		10,521

Certificates of deposit	—		3,000		—		3,000
Municipal bonds	—		205		—		205




Total long-term investments	—		297,841		—		297,841
Total	$	66,523	$	974,680	$	1,000	$	1,042,203


	July 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Commercial paper	$	—	$	115,825	$	—	$	115,825


Money market funds	125,118		—		—		125,118

Total cash equivalents	125,118		115,825		—		240,943
Short-term investments:
U.S. Government agency securities	—		69,183		—		69,183
Commercial paper	—		274,012		—		274,012
Corporate bonds	—		225,384		—		225,384
U.S. Government bonds	—		45,320		—		45,320
Asset-backed securities	—		9,036		—		9,036
Foreign government bonds	—		28,353		—		28,353

Certificates of deposit	—		80,750		—		80,750
Municipal bonds			1,480				1,480
Strategic convertible debt investment					1,000		1,000
Total short-term investments	—		733,518		1,000		734,518
Long-term investments:
U.S. Government agency securities	—		15,997		—		15,997


Corporate bonds	—		146,576		—		146,576
U.S. Government bonds	—		19,142		—		19,142
Asset-backed securities	—		38,911		—		38,911

Foreign government bonds	—		4,832		—		4,832
Certificates of deposit	—		1,500		—		1,500
Municipal bonds			205				205

Total long-term investments	—		227,163		—		227,163
Total	$	125,118	$	1,076,506	$	1,000	$	1,202,624

Stock-Based Compensation Expense and Shareholders' Equity

3 Months Ended

Oct. 31, 2021

Stockholders' Equity and Stock-based Compensation [Abstract]

Stock-Based Compensation Expense and Shareholders' Equity

Stock-Based Compensation Expense and Shareholders’ Equity

Stock-Based Compensation Expense

Stock-based compensation expense related to stock options and Stock Awards is included in the Company’s condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Stock-based compensation expense	$	32,533	$	28,394
Net impact of deferred stock-based compensation	(293)		(310)
Total stock-based compensation expense, net	$	32,240	$	28,084
Stock-based compensation expense is included in the following categories:
Cost of subscription and support revenue	$	3,348	$	2,602
Cost of license revenue	182		251
Cost of services revenue	5,637		5,543
Research and development	8,614		7,247
Sales and marketing	7,489		5,977
General and administrative	6,970		6,464
Total stock-based compensation expense	$	32,240	$	28,084

Total unrecognized stock-based compensation expense as of October 31, 2021 related to Stock Awards is $361.3 million, that will be recognized over a weighted average period of 2.9 years.

Stock Awards

A summary of the Company’s Stock Awards activity under the Company’s equity incentive plans is as follows:


	Stock Awards Outstanding
	Number of Stock Awards Outstanding	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value (in thousands)(1)
Balance as of July 31, 2021	2,394,968	$	107.15	$	275,900
Granted	1,512,995	$	119.97
Released	(335,653)	$	99.22	$	40,270
Canceled	(88,420)	$	107.92
Balance as of October 31, 2021	3,483,890	$	113.47	$	438,029
Expected to vest as of October 31, 2021	3,483,890	$	113.47	$	438,029

(1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $125.73 and $115.20 on October 31, 2021 and July 31, 2021, respectively. Aggregate intrinsic value for released Stock Awards represents the total market value of released Stock Awards at date of release.

Certain executives and employees of the Company received PSUs and TSR PSUs in addition to RSUs. PSUs awarded in fiscal years 2021 and 2022 will vest over three years with 50% vesting annually over the three year period and the remaining 50% vesting at the end of the third year. The TSR PSUs are subject to total shareholder return rankings of the Company's common stock relative to the software companies in the S&P Index for a specified period or periods, and vest at the end of three years. The Company recognized stock-based compensation related to these performance-based and market-based stock awards of $4.0 million and $3.3 million for the three months ended October 31, 2021 and 2020, respectively.

Stock Options

Stock option activity under the Company’s equity incentive plans is as follows:


	Stock Options Outstanding
	Number of Stock Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value(1)
				(in years)	(in thousands)
Balance as of July 31, 2021	25,278	$	17.39	5.0	$	2,472
Granted	—
Exercised	(1,518)	$	10.90		$	168
Canceled	—
Balance at October 31, 2021	23,760	$	17.81	4.1	$	2,564
Vested and expected to vest as of October 31, 2021	23,760	$	17.81	4.1	$	2,564
Exercisable as of October 31, 2021	23,760	$	17.81	4.1	$	2,564

(1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $125.73 and $115.20 on October 31, 2021 and July 31, 2021, respectively, and the exercise price of outstanding options. Aggregate intrinsic value for exercised options represents the difference between the Company’s stock price at date of exercise and the exercise price.

Common Stock Reserved for Issuance

As of October 31, 2021 and July 31, 2021, the Company was authorized to issue 500,000,000 shares of common stock with a par value of $0.0001 per share and, of these, 83,305,156 and 83,194,157 shares of common stock were issued and outstanding, respectively.

As of October 31, 2021 and July 31, 2021, the Company had reserved shares of common stock for future issuance as follows:


	October 31, 2021	July 31, 2021
Exercise of stock options to purchase common stock	23,760	25,278
Vesting of stock awards	3,483,890	2,394,968
Shares available under stock plans	3,590,878	5,014,069
Total common stock reserved for issuance	7,098,528	7,434,315

Equity Incentive Plan

On December 15, 2020, the Company’s stockholders adopted the 2020 Stock Plan (“2020 Plan”) for the purpose of granting equity-based incentive awards. The Company initially reserved 5,000,000 shares of its common stock for the issuance of awards under the 2020 Plan. The shares available for issuance are subject to adjustment in the event of a stock split, stock dividend or other defined changes in the Company’s capitalization. The 2020 Plan replaced the Company’s 2011 Stock Plan; however, awards outstanding under the 2011 Stock Plan will continue to be governed by their existing terms.

The shares the Company issues under the 2020 Plan will be from the Company's pool of authorized but unissued shares. The shares of common stock underlying any awards under the 2011 Plan that are forfeited, canceled, held back upon exercise or settlement of an award to cover the exercise price or tax withholding, reacquired by the Company prior to vesting, satisfied without any issuance of stock or are otherwise terminated (other than by exercise) are added back to the shares of stock available for issuance under the 2020 Plan.

Stock Repurchase Program

In October 2020, the Company's board of directors authorized and approved a stock repurchase program of up to $200.0 million of the Company's outstanding common stock. Stock repurchases under the program may be made from time to time, in the open market, in privately negotiated transactions and otherwise, at the discretion of management of the Company and in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act, and other applicable legal requirements. Such repurchases may also be made in compliance with Rule 10b5-1 trading plans entered into by the Company.

During the three months ended October 31, 2021, the Company repurchased 226,172 shares of common stock at an average price of $116.12 per share, for an aggregate purchase price of $26.3 million. As of October 31, 2021, $11.2 million remained available for future share repurchases.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Oct. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies There has been no material change in the Company’s contractual obligations and commitments other than in the ordinary course of business since the Company’s fiscal year ended July 31, 2021. Legal Proceedings From time to time, the Company is involved in various legal proceedings and receives claims, arising from the normal course of business activities. The Company has not recorded any accrual for claims as of October 31, 2021 or July 31, 2021. The Company has not accrued for estimated losses in the accompanying condensed consolidated financial statements as the Company has determined that no provision for liability nor disclosure is required related to any claim against the Company because: (a) there is not a reasonable possibility that a loss exceeding amounts already recognized (if any) may be incurred with respect to such claim; (b) a reasonably possible loss or range of loss cannot be estimated; or (c) such estimate is immaterial. The Company expenses legal fees in the period in which they are incurred. Indemnification The Company sells software licenses and services to its customers under Software License Agreements ("SLA") and Software Subscription Agreements ("SSA"). SLAs and SSAs contain the terms of the contractual arrangement with the customer and generally include certain provisions for defending the customer against any claims that the Company’s software infringes upon a patent, copyright, trademark, or other proprietary right of a third party. SLAs and SSAs also generally indemnify the customer against judgments, settlements, fines, penalties, costs, and expenses resulting from a claim ("Losses") against the customer in the event the Company’s software is found to infringe upon such third-party rights. The Company has not had to reimburse any of its customers for Losses related to indemnification provisions and no material claims against the Company were outstanding as of October 31, 2021 or July 31, 2021. For several reasons, including the lack of prior indemnification claims and the lack of a monetary liability limit for certain infringement cases under various SLAs and SSAs, the Company cannot estimate the amount of potential future payments, if any, related to indemnification provisions. The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines, and settlement amounts incurred by any of these persons in any action or proceeding to which any of these persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that may enable the Company to recover a portion of any future amounts paid.

Stock-Based Compensation Expense and Shareholders' Equity (Tables)

3 Months Ended

Oct. 31, 2021

Stockholders' Equity and Stock-based Compensation [Abstract]

Stock-based compensation expense

Stock-based compensation expense related to stock options and Stock Awards is included in the Company’s condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended October 31,
	2021		2020
Stock-based compensation expense	$	32,533	$	28,394
Net impact of deferred stock-based compensation	(293)		(310)
Total stock-based compensation expense, net	$	32,240	$	28,084
Stock-based compensation expense is included in the following categories:
Cost of subscription and support revenue	$	3,348	$	2,602
Cost of license revenue	182		251
Cost of services revenue	5,637		5,543
Research and development	8,614		7,247
Sales and marketing	7,489		5,977
General and administrative	6,970		6,464
Total stock-based compensation expense	$	32,240	$	28,084

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

A summary of the Company’s Stock Awards activity under the Company’s equity incentive plans is as follows:


	Stock Awards Outstanding
	Number of Stock Awards Outstanding	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value (in thousands)(1)
Balance as of July 31, 2021	2,394,968	$	107.15	$	275,900
Granted	1,512,995	$	119.97
Released	(335,653)	$	99.22	$	40,270
Canceled	(88,420)	$	107.92
Balance as of October 31, 2021	3,483,890	$	113.47	$	438,029
Expected to vest as of October 31, 2021	3,483,890	$	113.47	$	438,029

Schedule of Share-based Compensation, Stock Options, Activity

Stock option activity under the Company’s equity incentive plans is as follows:


	Stock Options Outstanding
	Number of Stock Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value(1)
				(in years)	(in thousands)
Balance as of July 31, 2021	25,278	$	17.39	5.0	$	2,472
Granted	—
Exercised	(1,518)	$	10.90		$	168
Canceled	—
Balance at October 31, 2021	23,760	$	17.81	4.1	$	2,564
Vested and expected to vest as of October 31, 2021	23,760	$	17.81	4.1	$	2,564
Exercisable as of October 31, 2021	23,760	$	17.81	4.1	$	2,564

Common Stock Reserved for Issuance

As of October 31, 2021 and July 31, 2021, the Company had reserved shares of common stock for future issuance as follows:


	October 31, 2021	July 31, 2021
Exercise of stock options to purchase common stock	23,760	25,278
Vesting of stock awards	3,483,890	2,394,968
Shares available under stock plans	3,590,878	5,014,069
Total common stock reserved for issuance	7,098,528	7,434,315

Stock-Based Compensation Expense and Shareholders' Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 32,533	$ 28,394
Net impact of deferred stock-based compensation	(293)	(310)
Total stock-based compensation expense, net	32,240	28,084
Total stock-based compensation expense	32,240	28,084
Unrecognized stock-based compensation expense	$ 361,300
Unrecognized stock-based compensation expense, period for recognition	2 years 10 months 24 days
Cost of subscription and support revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 3,348	2,602
Cost of license revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	182	251
Cost of services revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,637	5,543
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	8,614	7,247
Sales and marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	7,489	5,977
General and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 6,970	$ 6,464

Balance Sheet Components - Future Amortization (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
2022 (remainder of fiscal year)	$ 10,327
2023	6,888
2024	5,468
2025	5,026
2026	3,572
Thereafter	407
Net Book Value	$ 31,688	$ 19,743

Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Aug. 18, 2021	Oct. 31, 2021	Jul. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 372,062	$ 340,877
HazardHub, Inc.
Business Acquisition [Line Items]
Net cash consideration	$ 53,000
Acquisition consideration holdback	8,000
Goodwill	$ 31,185

Stock-Based Compensation Expense and Shareholders' Equity (Details 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Number of Stock Awards Outstanding
Balance at beginning of period (in shares)	2,394,968
Balance at end of period (in shares)	3,483,890	2,394,968
Weighted Average Grant Date Fair Value
Share price (in dollars per share)	$ 125.73	$ 115.20
Number of Stock Options Outstanding
Balance at beginning of period (in shares)	25,278
Balance at end of period (in shares)	23,760	25,278
Stock awards
Number of Stock Awards Outstanding
Balance at beginning of period (in shares)	2,394,968
Granted (in shares)	1,512,995
Released (in shares)	(335,653)
Canceled (in shares)	(88,420)
Balance at end of period (in shares)	3,483,890	2,394,968
Expected to vest (in shares)	3,483,890
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share)	$ 107.15
Granted (in dollars per share)	119.97
Released (in dollars per share)	99.22
Canceled (in dollars per share)	107.92
Balance at end of period (in dollars per share)	113.47	$ 107.15
Expected to vest (in dollars per share)	$ 113.47
Aggregate intrinsic value, Nonvested	$ 438,029	$ 275,900
Aggregate intrinsic value, released	40,270
Aggregate intrinsic value, Expected to vest	$ 438,029
Stock options
Number of Stock Options Outstanding
Balance at beginning of period (in shares)	25,278
Granted (in shares)	0
Exercised (in shares)	(1,518)
Canceled (in shares)	0
Balance at end of period (in shares)	23,760	25,278
Vested and expected to vest (in shares)	23,760
Exercisable (in shares)	23,760
Weighted Average Exercise Price
Balance at beginning of period (in dollars per share)	$ 17.39
Exercised (in dollars per share)	10.90
Balance at end of period (in dollars per share)	17.81	$ 17.39
Vested and expected to vest (in dollars per share)	17.81
Exercisable (in dollars per share)	$ 17.81
Weighted Average Remaining Contractual Life
Outstanding, weighted average remaining contractual life	4 years 1 month 6 days	5 years
Vested and expected to vest, weighted average remaining contractual life	4 years 1 month 6 days
Exercisable, weighted average remaining contractual life	4 years 1 month 6 days
Aggregate Intrinsic Value
Aggregate intrinsic value	$ 2,564	$ 2,472
Exercised	168
Vested and expected to vest	2,564
Exercisable	$ 2,564

Leases (Future Operating Lease Payments) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022 (remainder of fiscal year)	$ 11,936
2023	16,821
2024	16,721
2025	16,967
2026	17,115
Thereafter	68,198
Total future lease payments	147,758
Less imputed interest	(24,146)
Total lease liability balance	$ 123,612	$ 126,998

Fair Value of Financial Instruments

3 Months Ended

Oct. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial InstrumentsAvailable-for-sale investments within cash equivalents and investments consist of the following (in thousands):


	October 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government agency securities	$	37,672	$	1	$	(71)	$	37,602
Commercial paper	327,355		—		—		327,355
Corporate bonds	372,970		335		(422)		372,883
U.S. Government bonds	62,321		36		(192)		62,165
Asset-backed securities	48,778		8		(33)		48,753
Foreign government bonds	43,586		7		(27)		43,566
Municipal bonds	205		—		—		205
Certificates of deposit	82,151		—		—		82,151
Money market funds	66,523		—		—		66,523
Strategic convertible debt investment*	1,000		—		—		1,000
Total	$	1,042,561	$	387	$	(745)	$	1,042,203

*At original cost


	July 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government agency securities	$	85,165	$	15	$	—	$	85,180
Commercial paper	389,837		—		—		389,837
Corporate bonds	371,374		623		(37)		371,960
U.S. Government bonds	64,401		62		(1)		64,462
Asset-backed securities	47,925		29		(7)		47,947
Foreign government bonds	33,177		10		(2)		33,185
Municipal bonds	1,685		—		—		1,685
Certificates of deposit	82,250		—		—		82,250
Money market funds	125,118		—		—		125,118
Strategic convertible debt investment*	1,000		—		—		1,000
Total	$	1,201,932	$	739	$	(47)	$	1,202,624

*At original cost

The Company does not consider any portion of the unrealized losses at October 31, 2021 to be credit losses. The Company has recorded the securities at fair value in its condensed consolidated balance sheets, with unrealized gains and losses reported as a component of accumulated other comprehensive income (loss). The amount of unrealized gains and losses reclassified into earnings are based on specific identification when the securities are sold. The realized gains and losses from sales of securities are presented in the condensed consolidated statements of comprehensive income (loss).

The following table summarizes the contractual maturities of the Company’s available-for-sale investments measured at fair value (in thousands):


	October 31, 2021
	Less Than 12 Months		12 Months or Greater		Total
U.S. Government agency securities	$	10,000	$	27,602	$	37,602
Commercial paper	327,355		—		327,355
Corporate bonds	205,968		166,915		372,883
U.S. Government bonds	17,429		44,736		62,165
Asset-backed securities	3,891		44,862		48,753
Foreign government bonds	33,045		10,521		43,566
Municipal bonds	—		205		205
Certificates of deposit	79,151		3,000		82,151
Money market funds	66,523		—		66,523
Strategic convertible debt investment	$	1,000	$	—	$	1,000
Total	$	744,362	$	297,841	$	1,042,203

Fair Value Measurement

Fair value is defined as the exchange price that would be received for an asset or an exit price paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs.

The Company applies the three-level valuation hierarchy when measuring the fair value of certain assets and liabilities:

Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2—Inputs other than quoted prices included within Level 1 that are observable, unadjusted quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; and

Level 3—Unobservable inputs that are supported by little or no market activity, which require the Company to develop its own assumptions.

Available-for-sale investments

The following tables summarize the Company’s available-for-sale investments measured at fair value, by level within the fair value hierarchy (in thousands):


	October 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Commercial paper	$	—	$	75,677	$	—	$	75,677


Money market funds	66,523		—		—		66,523

Total cash equivalents	66,523		75,677		—		142,200
Short-term investments:
U.S. Government agency securities	—		10,000		—		10,000
Commercial paper	—		251,678		—		251,678
Corporate bonds	—		205,968		—		205,968
U.S. Government bonds	—		17,429		—		17,429
Asset-backed securities	—		3,891		—		3,891
Foreign government bonds	—		33,045		—		33,045


Certificates of deposit	—		79,151		—		79,151
Strategic convertible debt investment	—		—		1,000		1,000
Total short-term investments	—		601,162		1,000		602,162
Long-term investments:
U.S. Government agency securities	—		27,602		—		27,602

Corporate bonds	—		166,915		—		166,915
U.S. Government bonds	—		44,736		—		44,736
Asset-backed securities	—		44,862		—		44,862
Foreign government bonds	—		10,521		—		10,521

Certificates of deposit	—		3,000		—		3,000
Municipal bonds	—		205		—		205




Total long-term investments	—		297,841		—		297,841
Total	$	66,523	$	974,680	$	1,000	$	1,042,203


	July 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Commercial paper	$	—	$	115,825	$	—	$	115,825


Money market funds	125,118		—		—		125,118

Total cash equivalents	125,118		115,825		—		240,943
Short-term investments:
U.S. Government agency securities	—		69,183		—		69,183
Commercial paper	—		274,012		—		274,012
Corporate bonds	—		225,384		—		225,384
U.S. Government bonds	—		45,320		—		45,320
Asset-backed securities	—		9,036		—		9,036
Foreign government bonds	—		28,353		—		28,353

Certificates of deposit	—		80,750		—		80,750
Municipal bonds			1,480				1,480
Strategic convertible debt investment					1,000		1,000
Total short-term investments	—		733,518		1,000		734,518
Long-term investments:
U.S. Government agency securities	—		15,997		—		15,997


Corporate bonds	—		146,576		—		146,576
U.S. Government bonds	—		19,142		—		19,142
Asset-backed securities	—		38,911		—		38,911

Foreign government bonds	—		4,832		—		4,832
Certificates of deposit	—		1,500		—		1,500
Municipal bonds			205				205

Total long-term investments	—		227,163		—		227,163
Total	$	125,118	$	1,076,506	$	1,000	$	1,202,624

Convertible Senior Notes

The fair value of the Convertible Senior Notes was $494.0 million and $452.0 million at October 31, 2021 and July 31, 2021, respectively. The Company estimates the fair value of the Convertible Senior Notes using commonly accepted valuation methodologies and market-based risk measurements that are directly observable, such as unadjusted quoted prices (Level 2). The Company carries the Convertible Senior Notes at initial fair value less unamortized debt discount and issuance costs on its condensed consolidated balance sheets. For further information, see Note 7 "Convertible Senior Notes."

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 705	$ 1,057

Acquisitions (Tables)

3 Months Ended

Oct. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase consideration is as follows:


	Preliminary Purchase Price Allocation		Estimated Useful Lives
	(in thousands)		(in years)
Acquired assets, net of assumed liabilities	$	461
Developed technology	9,700		5
Customer relationships	5,100		5
Trademarks	900		7
Goodwill	31,185
Deferred tax liability	(2,839)
Total preliminary purchase consideration	$	44,507

Revenue (Contract with Customer) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Revenue from Contract with Customer [Abstract]
Unbilled accounts receivable, net	$ 109,672	$ 103,422
Contract costs, net	42,877	42,235
Deferred revenue, net	$ 116,256	$ 145,936

Balance Sheet Components - Accrued Employee Compensation (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Bonus	$ 12,241	$ 48,414
Commission	2,233	11,271
Vacation	5,746	23,803
Salaries, payroll taxes, and benefits	18,185	18,649
Accrued employee compensation	$ 38,405	$ 102,137

Balance Sheet Components - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Cost	$ 156,400	$ 140,700
Accumulated Amortization	124,712	120,957
Net Book Value	31,688	19,743
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Cost	103,300	93,600
Accumulated Amortization	88,311	86,367
Net Book Value	14,989	7,233
Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Cost	40,800	35,700
Accumulated Amortization	26,122	24,432
Net Book Value	14,678	11,268
Partner relationships
Finite-Lived Intangible Assets [Line Items]
Cost	200	200
Accumulated Amortization	124	119
Net Book Value	76	81
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	3,400	2,500
Accumulated Amortization	1,455	1,339
Net Book Value	1,945	1,161
Order backlog
Finite-Lived Intangible Assets [Line Items]
Cost	8,700	8,700
Accumulated Amortization	8,700	8,700
Net Book Value	$ 0	$ 0
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years 7 months 6 days
Weighted Average \| Acquired technology
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years 4 months 24 days
Weighted Average \| Customer contracts and related relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years 9 months 18 days
Weighted Average \| Partner relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	3 years 4 months 24 days
Weighted Average \| Trademarks
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	4 years 8 months 12 days
Weighted Average \| Order backlog
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted-Average Useful Life (in years)	0 years

Balance Sheet Components - Other Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Prepaid expenses	$ 2,974	$ 3,276
Contract costs	29,061	28,870
Deferred costs	2,175	2,777
Strategic equity investments	3,556	3,556
Restricted cash	4,976	0
Other assets	$ 42,742	$ 38,479

Convertible Senior Notes

3 Months Ended

Oct. 31, 2021

Debt Disclosure [Abstract]

Convertible Senior Notes

In March 2018, the Company offered and sold $400.0 million aggregate principal amount of its 1.25% Convertible Senior Notes due 2025. The Convertible Senior Notes were issued in accordance with the Indenture, dated as of March 13, 2018, between the Company and U.S. Bank National Association, as trustee (the “Trustee”) (the “Base Indenture”), as amended and supplemented by the First Supplemental Indenture, dated as of March 13, 2018, between the Company and the Trustee (together with the Base Indenture, the “Indenture”). The net proceeds from the issuance of the Convertible Senior Notes were $387.2 million, after deducting issuance costs.

The Convertible Senior Notes are unsecured obligations of the Company with interest payable semi-annually in arrears at a rate of 1.25% per year, on March 15th and September 15th of each year. The Convertible Senior Notes will mature on March 15, 2025 unless repurchased, redeemed, or converted prior to such date. Prior to the close of business on the business day immediately preceding October 15, 2024, the Convertible Senior Notes are convertible at the option of holders during certain periods, upon satisfaction of certain conditions. On or after October 15, 2024, the Convertible Senior Notes are convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Convertible Senior Notes will have an initial conversion rate of 8.7912 shares of common stock per $1,000 principal (equivalent to an initial conversion price of approximately

$113.75 per share of the Company's common stock). The conversion rate is subject to customary adjustments upon the occurrence of certain events but will not be adjusted for any accrued and unpaid interest. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its common stock or a combination of cash and shares of its common stock, at its election.

The Company may redeem the Convertible Senior Notes, at its option, on or after March 20, 2022, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including at least one of the three trading days immediately preceding the date on which the Company provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption. No sinking fund is provided for the Convertible Senior Notes. Upon the occurrence of a fundamental change (as defined in the Indenture) prior to the maturity date, holders may require the Company to repurchase all or a portion of the Convertible Senior Notes for cash at a price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date.

The Convertible Senior Notes rank senior in right of payment to any of the Company’s indebtedness that is expressly subordinated in right of payment to the Convertible Senior Notes, and equal in right of payment to any of its indebtedness that is not so subordinated. The Convertible Senior Notes are effectively junior in right of payment to any of the Company’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) and any preferred equity of its current or future subsidiaries.

The net carrying value of the liability component, unamortized debt discount and unamortized debt issuance costs of the Convertible Senior Notes was as follows (in thousands):


	October 31, 2021		July 31, 2021
Principal	$	400,000	$	400,000
Less unamortized:
Debt discount	47,022		50,198
Debt issuance costs	5,629		5,977
Net carrying amount	$	347,349	$	343,825

The effective interest rate of the Convertible Senior Notes is 5.53%. The following table sets forth the interest expense recognized related to the Convertible Senior Notes (in thousands):


	Three Months Ended October 31,
	2021		2020
Contractual interest expense	$	1,250	$	1,250
Amortization of debt discount	3,176		3,020
Amortization of debt issuance costs	348		315
Total	$	4,774	$	4,585

Capped Call

In March 2018, the Company paid $37.2 million to purchase capped calls with certain financial institutions pursuant to capped call confirmations (the “Capped Calls”). The Capped Calls have an initial strike price of $113.75 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Convertible Senior Notes. The Capped Calls have initial cap prices of $153.13 per share, subject to certain adjustments. The Capped Calls cover, subject to anti-dilution adjustments, 3.5 million shares of common stock. By entering into the Capped Calls, the Company expects to reduce the potential dilution to its common stock (or, in the event the conversion is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion its stock price exceeds the conversion price under the Convertible Senior Notes. The Capped Calls are subject to either adjustment or termination upon the occurrence of specified extraordinary events affecting the Company, including a merger event, tender offer, and a nationalization, insolvency, or delisting involving the Company. Additionally, the Capped Calls are subject to certain specified additional disruption events that may give rise to a termination of the Capped Calls, including change in law, insolvency filing, and hedging disruptions. The Capped Calls were recorded in the period purchased as a reduction of the Company’s additional paid-in capital in the condensed consolidated balance sheets.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Net Income (Loss) Per Share (Details 2) - $ / shares	3 Months Ended
Net Income (Loss) Per Share (Details 2) - $ / shares	Oct. 31, 2021	Oct. 31, 2020
Senior Notes \| Convertible Debt \| On or after October 15, 2024
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Conversion price (in dollars per share)	$ 113.75
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	24,700	61,472
Stock awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	2,905,346	2,263,076
Convertible senior notes
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	133,668	0

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 165,934	$ 169,802
United States
Disaggregation of Revenue [Line Items]
Total revenue	104,139	112,350
Canada
Disaggregation of Revenue [Line Items]
Total revenue	20,112	19,032
Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	1,984	3,194
Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	126,235	134,576
United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	9,259	11,644
Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	13,019	12,901
Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	22,278	24,545
Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	17,421	10,681
Subscription and support
Disaggregation of Revenue [Line Items]
Total revenue	78,990	57,966
Subscription and support \| United States
Disaggregation of Revenue [Line Items]
Total revenue	53,023	39,013
Subscription and support \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	11,941	7,142
Subscription and support \| Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	1,039	1,113
Subscription and support \| Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	66,003	47,268
Subscription and support \| United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	2,333	2,030
Subscription and support \| Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	5,217	5,120
Subscription and support \| Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,550	7,150
Subscription and support \| Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	5,437	3,548
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	57,129	37,230
Support
Disaggregation of Revenue [Line Items]
Total revenue	21,861	20,736
License
Disaggregation of Revenue [Line Items]
Total revenue	40,153	65,283
License \| United States
Disaggregation of Revenue [Line Items]
Total revenue	18,453	40,977
License \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	5,813	10,753
License \| Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	237	235
License \| Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	24,503	51,965
License \| United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	5,832	8,299
License \| Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	1,407	803
License \| Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,239	9,102
License \| Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	8,411	4,216
Term license
Disaggregation of Revenue [Line Items]
Total revenue	40,105	65,225
Perpetual license
Disaggregation of Revenue [Line Items]
Total revenue	48	58
Services
Disaggregation of Revenue [Line Items]
Total revenue	46,791	46,553
Services \| United States
Disaggregation of Revenue [Line Items]
Total revenue	32,663	32,360
Services \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	2,358	1,137
Services \| Other Americas
Disaggregation of Revenue [Line Items]
Total revenue	708	1,846
Services \| Total Americas
Disaggregation of Revenue [Line Items]
Total revenue	35,729	35,343
Services \| United Kingdom
Disaggregation of Revenue [Line Items]
Total revenue	1,094	1,315
Services \| Other EMEA
Disaggregation of Revenue [Line Items]
Total revenue	6,395	6,978
Services \| Total EMEA
Disaggregation of Revenue [Line Items]
Total revenue	7,489	8,293
Services \| Total APAC
Disaggregation of Revenue [Line Items]
Total revenue	$ 3,573	$ 2,917

Balance Sheet Components

3 Months Ended

Oct. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

Accounts Receivables, Net

Accounts receivable, net consists of the following (in thousands):


	October 31, 2021		July 31, 2021
Accounts receivable	$	81,112	$	105,125
Allowance for credit losses and revenue reserves	(705)		(1,057)
Accounts receivable, net	$	80,407	$	104,068

Allowance for Credit Losses and Revenue Reserves

Changes to the allowance for credit losses and revenue reserves consists of the following (in thousands):


Balance as of July 31, 2021	$	1,057
Net changes to credit losses	—
Net changes to revenue reserves	(32)
Write-offs, net	(320)
Balance as of October 31, 2021	$	705

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Prepaid expenses	$	23,563	$	20,330
Contract costs	13,805		13,365
Deferred costs	8,657		9,247
Deposits and other receivables	11,295		9,787
Restricted cash(1)	14,124		—
Prepaid expenses and other current assets	$	71,444	$	52,729

Property and Equipment, Net

Property and equipment consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Computer hardware	$	19,361	$	19,256
Purchased software	5,998		6,002
Capitalized software development costs	27,545		24,025
Equipment and machinery	12,240		12,214
Furniture and fixtures	11,791		11,482
Leasehold improvements	60,052		57,960
Total property and equipment	136,987		130,939
Less accumulated depreciation	(54,213)		(50,878)
Property and equipment, net	$	82,774	$	80,061

As of October 31, 2021 and July 31, 2021, no property and equipment was pledged as collateral. Depreciation expense, excluding the amortization of capitalized software development costs, was $3.6 million in both the three months ended October 31, 2021 and 2020.

The Company recognized amortization expense related to capitalized software development costs in cost of subscription and support revenue on the condensed consolidated statements of operations of $1.2 million and $0.6 million during the three months ended October 31, 2021 and 2020, respectively.

Goodwill and Intangible Assets, Net

Changes in the carrying amount of goodwill were as follows (in thousands):


Goodwill, July 31, 2021	$	340,877
Addition — HazardHub acquisition	31,185
Goodwill, October 31, 2021	$	372,062

The Company’s intangible assets are amortized over their estimated useful lives. Intangible assets consist of the following (in thousands):


		October 31, 2021						July 31, 2021
	Remaining Weighted-Average Useful Life (in years)	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Intangible assets:
Acquired technology	3.4	$	103,300	$	88,311	$	14,989	$	93,600	$	86,367	$	7,233
Customer contracts and related relationships	3.8	40,800		26,122		14,678		35,700		24,432		11,268
Partner relationships	3.4	200		124		76		200		119		81
Trademarks	4.7	3,400		1,455		1,945		2,500		1,339		1,161
Order backlog	0.0	8,700		8,700		—		8,700		8,700		—
Total	3.6	$	156,400	$	124,712	$	31,688	$	140,700	$	120,957	$	19,743

Amortization expense was $3.8 million and $6.3 million for the three months ended October 31, 2021 and 2020, respectively. The future amortization expense for existing intangible assets as of October 31, 2021, based on their current useful lives, is as follows (in thousands):


Fiscal year ending July 31,
2022 (remainder of fiscal year)	$	10,327
2023	6,888
2024	5,468
2025	5,026
2026	3,572
Thereafter	407
Total	$	31,688

Other assets

Other assets consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Prepaid expenses	$	2,974	$	3,276
Contract costs	29,061		28,870
Deferred costs	2,175		2,777
Strategic equity investments	3,556		3,556
Restricted cash(2)	4,976		—
Other assets	$	42,742	$	38,479

(2) Restricted cash represents the long-term portion of the acquisition consideration holdback.

The Company’s other assets include strategic equity investments in privately-held companies in which the Company does not have a controlling interest or the ability to exert significant influence. The strategic investments consist of non-marketable equity securities that do not have readily determinable market values (Level 3). The Company records these strategic investments at cost less impairment and adjusts cost for subsequent observable changes in fair value. No impairment charges related to strategic investments were recognized during the three months ended October 31, 2021 and 2020, respectively.

Accrued Employee Compensation

Accrued employee compensation consists of the following (in thousands):


	October 31, 2021		July 31, 2021
Bonus	$	12,241	$	48,414
Commission	2,233		11,271
Vacation*	5,746		23,803
Salaries, payroll taxes, and benefits	18,185		18,649
Accrued employee compensation	$	38,405	$	102,137

*In the first quarter of fiscal year 2022, the Company paid out accrued vacation for employees in certain countries upon adopting a non-accrued vacation policy effective September 1, 2021.

Other Current Liabilities

Other current liabilities consist of the following (in thousands):


	October 31, 2021		July 31, 2021
Lease liabilities	$	11,312	$	11,624
Accrued royalties	9,165		7,525
Accrued taxes	3,495		6,796
Other	4,029		5,703
Other current liabilities	$	28,001	$	31,648

Fair Value of Financial Instruments (Details 1) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 1,042,561	$ 1,201,932
Unrealized Gains	387	739
Unrealized Losses	(745)	(47)
Estimated Fair Value	1,042,203	1,202,624
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	37,672	85,165
Unrealized Gains	1	15
Unrealized Losses	(71)	0
Estimated Fair Value	37,602	85,180
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	327,355	389,837
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	327,355	389,837
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	372,970	371,374
Unrealized Gains	335	623
Unrealized Losses	(422)	(37)
Estimated Fair Value	372,883	371,960
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	62,321	64,401
Unrealized Gains	36	62
Unrealized Losses	(192)	(1)
Estimated Fair Value	62,165	64,462
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	48,778	47,925
Unrealized Gains	8	29
Unrealized Losses	(33)	(7)
Estimated Fair Value	48,753	47,947
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	43,586	33,177
Unrealized Gains	7	10
Unrealized Losses	(27)	(2)
Estimated Fair Value	43,566	33,185
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	205	1,685
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	205	1,685
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	82,151	82,250
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	82,151	82,250
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	66,523	125,118
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	66,523	125,118
Strategic convertible debt investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	1,000	1,000
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	$ 1,000	$ 1,000

Fair Value of Financial Instruments (Details 3) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	$ 142,200	$ 240,943
Total short-term investments	602,162	734,518
Total long-term investments	297,841	227,163
Total	1,042,203	1,202,624
Senior Notes \| Convertible Senior Notes, 1.250%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	494,000	452,000
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	66,523	125,118
Total short-term investments	0	0
Total long-term investments	0	0
Total	66,523	125,118
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	75,677	115,825
Total short-term investments	601,162	733,518
Total long-term investments	297,841	227,163
Total	974,680	1,076,506
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Total short-term investments	1,000	1,000
Total long-term investments	0	0
Total	1,000	1,000
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	75,677	115,825
Commercial paper \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Commercial paper \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	75,677	115,825
Commercial paper \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	66,523	125,118
Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	66,523	125,118
Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents	0	0
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	10,000	69,183
Total long-term investments	27,602	15,997
U.S. Government agency securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
U.S. Government agency securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	10,000	69,183
Total long-term investments	27,602	15,997
U.S. Government agency securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	251,678	274,012
Commercial paper \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Commercial paper \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	251,678	274,012
Commercial paper \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	205,968	225,384
Total long-term investments	166,915	146,576
Corporate bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Corporate bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	205,968	225,384
Total long-term investments	166,915	146,576
Corporate bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
U.S. Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	17,429	45,320
Total long-term investments	44,736	19,142
U.S. Government bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
U.S. Government bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	17,429	45,320
Total long-term investments	44,736	19,142
U.S. Government bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,891	9,036
Total long-term investments	44,862	38,911
Asset-backed securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Asset-backed securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,891	9,036
Total long-term investments	44,862	38,911
Asset-backed securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	33,045	28,353
Total long-term investments	10,521	4,832
Foreign government bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Foreign government bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	33,045	28,353
Total long-term investments	10,521	4,832
Foreign government bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	79,151	80,750
Total long-term investments	3,000	1,500
Certificates of deposit \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Certificates of deposit \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	79,151	80,750
Total long-term investments	3,000	1,500
Certificates of deposit \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Total long-term investments	0	0
Strategic convertible debt investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	1,000	1,000
Strategic convertible debt investment \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0
Strategic convertible debt investment \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0
Strategic convertible debt investment \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	1,000	1,000
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		1,480
Total long-term investments	205	205
Municipal bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments
Total long-term investments	0
Municipal bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		1,480
Total long-term investments	205	205
Municipal bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments
Total long-term investments	$ 0

Segment Information (Tables)

3 Months Ended

Oct. 31, 2021

Segment Reporting [Abstract]

Property and equipment, net by geographic region

The Company’s long-lived assets by geographic region is as follows (in thousands):


	October 31, 2021		July 31, 2021
Americas	$	141,104	$	143,736
EMEA	34,835		32,171
APAC	1,403		1,601
Total	$	177,342	$	177,508

Convertible Senior Notes (Details) - Senior Notes - Convertible Debt $ / shares in Units, $ in Thousands	1 Months Ended
	Mar. 31, 2018 USD ($) day shares	Oct. 31, 2021 USD ($) $ / shares	Jul. 31, 2021 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount		$ 400,000	$ 400,000
Stated interest rate	1.25%
Net proceeds	$ 387,200
On or after October 15, 2024
Debt Instrument [Line Items]
Number of shares issuable per 1,000 principal converted (in shares) \| shares	8.7912
Conversion price (in dollars per share) \| $ / shares		$ 113.75
On or after March 20, 2022
Debt Instrument [Line Items]
Debt instrument, redemption, percent	100.00%
Threshold percentage of stock price trigger	130.00%
Threshold trading days \| day	20
Conversion notice period	30 days

Leases (Supplemental Cash and Non-Cash Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Leases [Abstract]
Cash payments for operating leases	$ 5,934	$ 5,285
Operating lease assets obtained in exchange for lease liabilities	$ 415	$ 9,217

The Company and Summary of Significant Accounting Policies and Estimates (Tables)

3 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Estimated useful lives of property and equipment

The estimated useful lives of property and equipment are as follows:


Computer hardware						3 years
Purchased software						3 years
Equipment and machinery						3 to 5 years
Furniture and fixtures						5 years
Leasehold improvements						Shorter of 10 years or remaining lease term

Leases (Supplemental Lease Information) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	$ 94,568	$ 97,447
Current portion of lease liabilities	11,312	11,624
Non-current portion of lease liabilities	112,300	115,374
Total lease liabilities	$ 123,612	$ 126,998
Weighted average remaining lease term (years)	8 years 6 months 7 days	8 years 8 months 26 days
Weighted average discount rate	4.20%	4.20%

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 239,620	$ 384,910
Short-term investments	602,162	734,517
Accounts receivable, net of allowances of $705 and $1,057, respectively	80,407	104,068
Unbilled accounts receivable, net	87,030	79,061
Prepaid expenses and other current assets	71,444	52,729
Total current assets	1,080,663	1,355,285
Long-term investments	297,841	227,164
Unbilled accounts receivable, net	22,642	24,361
Property and equipment, net	82,774	80,061
Operating lease assets	94,568	97,447
Intangible assets, net	31,688	19,743
Goodwill	372,062	340,877
Deferred tax assets, net	153,367	138,428
Other assets	42,742	38,479
TOTAL ASSETS	2,178,347	2,321,845
CURRENT LIABILITIES:
Accounts payable	27,396	27,830
Accrued employee compensation	38,405	102,137
Deferred revenue, net	110,363	138,699
Other current liabilities	28,001	31,648
Total current liabilities	204,165	300,314
Lease liabilities	112,300	115,374
Convertible senior notes, net	347,349	343,825
Deferred revenue, net	5,893	7,237
Other liabilities	10,257	10,201
Total liabilities	679,964	776,951
STOCKHOLDERS’ EQUITY:
Common stock	8	8
Additional paid-in capital	1,649,754	1,617,204
Accumulated other comprehensive income (loss)	(7,741)	(6,218)
Retained earnings (accumulated deficit)	(143,638)	(66,100)
Total stockholders’ equity	1,498,383	1,544,894
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,178,347	$ 2,321,845

Convertible Senior Notes - Capped Call (Details) - Capped Call shares in Millions, $ in Millions	Mar. 31, 2018 USD ($) $ / Unit shares
Derivative [Line Items]
Derivative amount \| $	$ 37.2
Strike price (in usd per share)	113.75
Derivative, cap price (in usd per share)	153.13
Derivative, number of shares covered (in shares) \| shares	3.5

Convertible Senior Notes (Tables)

3 Months Ended

Oct. 31, 2021

Debt Disclosure [Abstract]

Schedule of convertible debt

The net carrying value of the liability component, unamortized debt discount and unamortized debt issuance costs of the Convertible Senior Notes was as follows (in thousands):


	October 31, 2021		July 31, 2021
Principal	$	400,000	$	400,000
Less unamortized:
Debt discount	47,022		50,198
Debt issuance costs	5,629		5,977
Net carrying amount	$	347,349	$	343,825

The effective interest rate of the Convertible Senior Notes is 5.53%. The following table sets forth the interest expense recognized related to the Convertible Senior Notes (in thousands):


	Three Months Ended October 31,
	2021		2020
Contractual interest expense	$	1,250	$	1,250
Amortization of debt discount	3,176		3,020
Amortization of debt issuance costs	348		315
Total	$	4,774	$	4,585

The Company and Summary of Significant Accounting Policies and Estimates

3 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company and Summary of Significant Accounting Policies and Estimates

Company

Basis of Presentation and Consolidation

Use of Estimates

Foreign Currency

Cash and Cash Equivalents

Cash and cash equivalents are comprised of cash and highly liquid investments with remaining maturities of 90 days or less at the date of purchase. Cash equivalents primarily consist of commercial paper and money market funds.

Investments

Property and Equipment

The estimated useful lives of property and equipment are as follows:


Computer hardware						3 years
Purchased software						3 years
Equipment and machinery						3 to 5 years
Furniture and fixtures						5 years
Leasehold improvements						Shorter of 10 years or remaining lease term

Software Development Costs

Leases

Operating leases are included in operating lease assets, other current liabilities, and lease liabilities on the condensed consolidated balance sheets.

Impairment of Long-Lived Assets, Intangible Assets, and Goodwill

Convertible Senior Notes

Business Combinations

Concentration of Credit Risk

No customer accounted for 10% or more of the Company's revenue for the three months ended October 31, 2021, and one customer accounted for 10% or more of the Company's revenue for the three months ended October 31, 2020. One customer accounted for 10% or more of the Company's accounts receivable as of October 31, 2021, and no customer accounted for 10% or more of the Company's accounts receivable as of July 31, 2021.