0000746598-21-000102 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jul. 31, 2021	Aug. 31, 2021	Jan. 31, 2021
Entity Information [Line Items]
Document Type	10-K
Entity Registrant Name	BRADY CORP
Amendment Flag	false
Entity Central Index Key	0000746598
Document Period End Date	Jul. 31, 2021
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Entity Address, Address Line One	6555 West Good Hope Road
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53233
City Area Code	414
Local Phone Number	358-6600
Entity File Number	1-14959
Entity Tax Identification Number	39-0178960
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Trading Symbol	BRC
Security Exchange Name	NYSE
Entity Public Float			$ 2,104,922,847
Document Annual Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	WI
Class A Nonvoting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,528,245
Class B Voting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 147,335	$ 217,643
Accounts receivable, net of allowance for credit losses of $7,306 and $7,157, respectively	170,579	146,181
Inventories	136,107	135,662
Prepaid expenses and other current assets	11,083	9,962
Total current assets	465,104	509,448
Property, plant and equipment—net	121,741	115,068
Goodwill	614,137	416,034
Other intangible assets	92,334	22,334
Deferred income taxes	16,343	8,845
Operating lease assets	41,880	41,899
Other assets	26,217	28,838
Total	1,377,756	1,142,466
Current liabilities:
Accounts payable	82,152	62,547
Accrued compensation and benefits	81,173	41,546
Taxes, other than income taxes	13,054	8,057
Accrued income taxes	3,915	8,652
Current operating lease liabilities	17,667	15,304
Other current liabilities	59,623	49,782
Total current liabilities	257,584	185,888
Long-term debt	38,000	0
Long-term operating lease liabilities	28,347	31,982
Other liabilities	90,797	61,524
Total liabilities	414,728	279,394
Stockholders’ equity:
Class A nonvoting common stock — Issued 51,261,487 shares, and outstanding 48,528,245 and 48,456,954 shares, respectively (aggregate liquidation preference of $42,716)	513	513
Class B voting common stock — Issued and outstanding 3,538,628 shares	35	35
Additional paid-in capital	339,125	331,761
Retained earnings	788,369	704,456
Treasury stock — 2,733,242 and 2,804,533 shares, respectively, of Class A nonvoting common stock, at cost	(109,061)	(107,216)
Accumulated other comprehensive loss	(55,953)	(66,477)
Total stockholders’ equity	963,028	863,072
Total	$ 1,377,756	$ 1,142,466

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current	$ 7,306	$ 7,157
Class A Nonvoting Common Stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,528,245	48,456,954
Treasury stock, shares	2,733,242	2,804,533
Common Stock Aggregate Liquidation Preference	$ 42,716	$ 42,716
Class B Voting Common Stock
Common stock, shares issued	3,538,628	3,538,628
Common stock, shares outstanding	3,538,628	3,538,628

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Net sales	$ 1,144,698	$ 1,081,299	$ 1,160,645
Cost of goods sold	583,252	552,734	581,967
Gross margin	561,446	528,565	578,678
Operating expenses:
Research and development	44,551	40,662	45,168
Selling, general and administrative	349,768	336,059	371,082
Impairment charges	0	13,821	0
Total operating expenses	394,319	390,542	416,250
Operating income (1)	167,127	138,023	162,428
Other income (expense):
Investment and other income	4,333	5,079	5,046
Interest expense	(437)	(2,166)	(2,830)
Income before income taxes and losses of unconsolidated affiliate	171,023	140,936	164,644
Income tax expense	35,610	28,321	33,386
Income before losses of unconsolidated affiliate	135,413	112,615	131,258
Equity in losses of unconsolidated affiliate	(5,754)	(246)	0
Net income	$ 129,659	$ 112,369	$ 131,258
Weighted average common shares outstanding:
Basic	52,039	52,763	52,596
Diluted	52,409	53,231	53,323
Class A Nonvoting Common Stock
Earnings per share:
Basic	$ 2.49	$ 2.13	$ 2.50
Diluted	2.47	2.11	2.46
Dividends	0.88	0.87	0.85
Class B Voting Common Stock
Earnings per share:
Basic	2.48	2.11	2.48
Diluted	2.46	2.10	2.45
Dividends	$ 0.86	$ 0.85	$ 0.83

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 129,659	$ 112,369	$ 131,258
Other comprehensive income (loss):
Foreign currency translation adjustments	10,266	6,640	(13,223)
Cash flow hedges:
Net gain (loss) recognized in other comprehensive income (loss)	1,451	(576)	837
Reclassification adjustment for gains included in net income	(399)	(614)	(1,048)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax, Total	1,052	(1,190)	(211)
Pension and other post-retirement benefits:
Net loss recognized in other comprehensive income (loss)	0	(468)	(97)
Net actuarial gain amortization	(388)	(380)	(569)
Other Comprehensive (Income) Loss, Pension and other Post-retirement Benefits, after Reclassification Adjustment, before Tax, total	(388)	(848)	(666)
Other comprehensive income (loss), before tax	10,930	4,602	(14,100)
Income tax (expense) benefit related to items of other comprehensive income (loss)	(406)	175	(753)
Other comprehensive income (loss), net of tax	10,524	4,777	(14,853)
Comprehensive income	$ 140,183	$ 117,146	$ 116,405

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balances at Jul. 31, 2018	$ 700,140	$ 548	$ 325,631	$ 553,454		$ (71,120)	$ (56,401)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	131,258
Other Comprehensive Income (Loss), Net of Tax	(14,853)						(14,853)
Issuance of shares of Class A Common Stock under stock plan			(7,963)			(27,970)
Tax benefit and withholdings from deferred compensation distributions			209
Stock-based compensation expense (Note 7)			12,092
Repurchase of shares of Class A Common Stock						3,182
Payment of Ordinary Dividends, Common Stock Class A				(41,784)
Payment of Ordinary Dividends, Common Stock Class B				(2,948)
Ending Balances at Jul. 31, 2019	752,112	548	329,969	637,843		(46,332)	(71,254)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2014-09 "Revenue from Contracts with Customers" (Note 9)					$ (2,137)
Net income	112,369
Other Comprehensive Income (Loss), Net of Tax	4,777						4,777
Issuance of shares of Class A Common Stock under stock plan			(7,184)			(3,630)
Tax benefit and withholdings from deferred compensation distributions			134
Stock-based compensation expense (Note 7)			8,843
Repurchase of shares of Class A Common Stock						64,514
Payment of Ordinary Dividends, Common Stock Class A				(42,736)
Payment of Ordinary Dividends, Common Stock Class B				(3,020)
Ending Balances at Jul. 31, 2020	863,072	548	331,762	704,456		(107,216)	(66,477)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	129,659
Other Comprehensive Income (Loss), Net of Tax	10,524						10,524
Issuance of shares of Class A Common Stock under stock plan			(2,767)			(1,748)
Tax benefit and withholdings from deferred compensation distributions			32
Stock-based compensation expense (Note 7)			10,098
Repurchase of shares of Class A Common Stock	(3,593)
Payment of Ordinary Dividends, Common Stock Class A				(42,690)
Payment of Ordinary Dividends, Common Stock Class B				(3,056)
Ending Balances at Jul. 31, 2021	$ 963,028	$ 548	$ 339,125	$ 788,369		$ (109,061)	$ (55,953)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Operating activities:
Net income	$ 129,659	$ 112,369	$ 131,258
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	25,483	23,437	23,799
Stock-based compensation expense	10,098	8,843	12,092
Deferred income tax (benefit) expense, total company	(8,965)	(764)	7,825
Impairment charges	0	13,821	0
Equity in losses of unconsolidated affiliate	5,754	246	0
Other	(831)	2,611	2,347
Changes in operating assets and liabilities (net of effects of business acquisitions):
Accounts receivable	(12,614)	13,902	3,496
Inventories	7,298	(13,917)	(9,922)
Prepaid expenses and other assets	(4,498)	4,477	368
Accounts payable and accrued liabilities	58,283	(26,128)	(11,903)
Income taxes	(4,002)	2,080	2,851
Net cash provided by operating activities	205,665	140,977	162,211
Investing activities:
Purchases of property, plant and equipment	(27,189)	(27,277)	(32,825)
Acquisition of businesses, net of cash acquired	(243,983)	0	0
Other	2,580	(8,842)	(1,638)
Net cash used in investing activities	(268,592)	(36,119)	(34,463)
Financing activities:
Payment of dividends	(45,746)	(45,756)	(44,732)
Proceeds from exercise of stock options	1,765	5,511	25,658
Payments for employee taxes withheld from stock-based awards	(2,783)	(9,065)	(5,651)
Purchase of treasury stock	(3,593)	(64,514)	(3,182)
Proceeds from borrowing on credit facilities	101,957	20,697	13,637
Repayments of Lines of Credit	63,957	21,855	13,568
Principal payments on debt	0	(48,672)	0
Other	33	134	210
Net cash used in financing activities	(12,324)	(163,520)	(27,628)
Effect of exchange rate changes on cash and cash equivalents	4,943	(2,767)	(2,475)
Net (decrease) increase in cash and cash equivalents	(70,308)	(61,429)	97,645
Cash and cash equivalents, beginning of period	217,643	279,072	181,427
Cash and cash equivalents, end of period	147,335	217,643	279,072
Interest Paid, Including Capitalized Interest, Operating and Investing Activities [Abstract]
Interest	373	2,401	2,651
Income Taxes Paid, Net [Abstract]
Income taxes	$ 46,852	$ 29,600	$ 24,335

Income Taxes

12 Months Ended

Jul. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income before income taxes and losses of unconsolidated affiliate consists of the following:


	Years Ended July 31,
	2021		2020		2019
United States	$	59,504	$	69,433	$	55,077
Other Nations	111,519		71,503		109,567
Total	$	171,023	$	140,936	$	164,644

The increase in income before income taxes and losses of unconsolidated affiliate in Other Nations to $111,519 in fiscal 2021 from $71,503 in fiscal 2020 was primarily due to intercompany royalty transactions that occurred in fiscal 2020 which reduced Other Nations income before income taxes and losses of unconsolidated affiliate by $22,914. In addition, profitability improved in Other Nations in fiscal 2021 compared to fiscal 2020 as our global businesses continue to recover from the COVID-19 pandemic.

The decrease in income before income taxes and losses of unconsolidated affiliate to $71,503 in fiscal 2020 from $109,567 in fiscal 2019 was primarily due to intercompany royalty transactions that occurred in fiscal 2020 which which reduced Other Nations income before income taxes and losses of unconsolidated affiliate by $22,914. In addition, profitability decreased in Other Nations in fiscal 2020 compared to fiscal 2019 as our global businesses were impacted by reduced economic activity resulting from the COVID-19 pandemic.

Income tax expense consists of the following:


	Years Ended July 31,
	2021		2020		2019
Current income tax expense:
United States	$	16,322	$	3,031	$	2,232
Other Nations	26,141		25,133		22,445
States (U.S.)	2,112		1,160		913
	$	44,575	$	29,324	$	25,590
Deferred income tax (benefit) expense:
United States	$	(2,662)	$	1,072	$	8,451
Other Nations	(5,938)		(2,065)		(667)
States (U.S.)	(365)		(10)		12
	$	(8,965)	$	(1,003)	$	7,796
Total income tax expense	$	35,610	$	28,321	$	33,386

The tax effects of temporary differences are as follows as of July 31, 2021 and 2020:


	July 31, 2021
	Assets		Liabilities		Total
Inventories	$	5,143	$	(51)	$	5,092
Employee compensation and benefits	8,570		—		8,570
Accounts receivable	1,433		—		1,433
Fixed assets	3,479		(7,292)		(3,813)
Intangible assets	996		(51,987)		(50,991)
Deferred and equity-based compensation	8,069		—		8,069
Postretirement benefits	2,359		(166)		2,193
Tax credit and net operating loss carry-forwards	60,238		—		60,238
Valuation allowances	(51,069)		—		(51,069)
Other, net	13,698		(5,282)		8,416
Total	$	52,916	$	(64,778)	$	(11,862)


	July 31, 2020
	Assets		Liabilities		Total
Inventories	$	4,385	$	(58)	$	4,327
Employee compensation and benefits	3,339		(72)		3,267
Accounts receivable	1,518		—		1,518
Fixed assets	3,663		(7,285)		(3,622)
Intangible assets	1,026		(31,488)		(30,462)
Deferred and equity-based compensation	7,851		—		7,851
Postretirement benefits	3,002		(31)		2,971
Tax credit and net operating loss carry-forwards	56,447		—		56,447
Valuation allowances	(58,809)		—		(58,809)
Other, net	11,786		(4,715)		7,071
Total	$	34,208	$	(43,649)	$	(9,441)

Tax credit carry-forwards as of July 31, 2021 consist of the following:

•Foreign net operating loss carry-forwards of $102,847, of which $90,475 have no expiration date and the remainder of which expire from 2022 to 2038.

•State net operating loss carry-forwards of $23,164, which expire in 2032.

•Foreign tax credit carry-forwards of $22,141, which expire from 2022 to 2031.

•State R&D credit carry-forwards of $11,481, which expire from 2022 to 2036.

Rate Reconciliation

A reconciliation of the income tax rate computed by applying the statutory U.S. federal income tax rate to income before income taxes and losses of unconsolidated affiliate to the total income tax expense is as follows:


	Years Ended July 31,
	2021		2020		2019
Tax at statutory rate	21.0	%	21.0	%	21.0	%
International rate differential(1)	2.3	%	5.1	%	2.0	%
Adjustments to tax accruals and reserves(2)	3.3	%	(2.0)	%	(3.6)	%
Research and development tax credits and domestic manufacturer’s deduction	(1.6)	%	(2.0)	%	(1.6)	%
Valuation allowance against foreign net operating loss carry-forwards(3)	(4.8)	%	—	%	0.2	%
Deferred tax and other adjustments, net	0.6	%	(2.0)	%	2.3	%
Income tax rate	20.8	%	20.1	%	20.3	%

(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2021, 2020, and 2019.

(2)The years ended July 31, 2021, 2020, and 2019, include reductions of uncertain tax positions resulting from the closure of audits and lapses in statues of limitations. The year ended July 31, 2021 was impacted by the recording of reserves for uncertain tax provisions.

(3)The year ended July 31, 2021 includes a reduction in a previously recorded valuation allowance against certain foreign net operating loss carry-forwards.

Uncertain Tax Positions

The Company follows the guidance in ASC 740, "Income Taxes" regarding uncertain tax positions. The guidance requires application of a more-likely-than-not threshold to the recognition and de-recognition of income tax positions. A reconciliation of unrecognized tax benefits (excluding interest and penalties) is as follows:


Balance as of July 31, 2018	$	20,430
Additions based on tax positions related to the current year	2,518
Additions for tax positions of prior years	612
Reductions for tax positions of prior years	(378)
Lapse of statute of limitations	(8,140)
Cumulative translation adjustments and other	(201)
Balance as of July 31, 2019	$	14,841
Additions based on tax positions related to the current year	2,798
Additions for tax positions of prior years	1,295
Reductions for tax positions of prior years	(5,087)
Lapse of statute of limitations	(117)
Cumulative translation adjustments and other	(108)
Balance as of July 31, 2020	$	13,622
Additions based on tax positions related to the current year	4,664
Additions for tax positions of prior years(1)	3,940
Reductions for tax positions of prior years	(365)
Lapse of statute of limitations	(159)

Cumulative translation adjustments and other	210
Balance as of July 31, 2021	$	21,912

(1)Includes acquisitions.

Of the $21,912 of unrecognized tax benefits, if recognized, $18,717 would affect the Company's income tax rate. The Company has classified $15,427 and $8,931, excluding interest and penalties, of the reserve for uncertain tax positions in "Other liabilities" on the Consolidated Balance Sheets as of July 31, 2021 and 2020, respectively. The Company has classified $6,485 and $4,691, excluding interest and penalties, as a reduction of long-term deferred income tax assets on the accompanying Consolidated Balance Sheets as of July 31, 2021 and 2020, respectively.

Interest expense is recognized on the amount of potentially underpaid taxes associated with the Company's tax positions, beginning in the first period in which interest starts accruing under the respective tax law and continuing until the tax positions are settled. The Company recognized interest (expense) and benefits of ($596), $372, and $1,013 on the reserve for uncertain tax positions during the years ended July 31, 2021, 2020, and 2019, respectively. The Company also recognized (expenses) and benefits related to penalties of ($595), $96, and $2,357 during the years ended July 31, 2021, 2020, and 2019, respectively. These amounts are net of reversals due to reductions for tax positions of prior years, statute of limitations, and settlements. At July 31, 2021 and 2020, the Company had $2,297 and $1,354, respectively, accrued for interest on unrecognized tax benefits. Penalties are accrued if the tax position does not meet the minimum statutory threshold to avoid the payment of a penalty. At July 31, 2021 and 2020, the Company had $2,098 and $658, respectively, accrued for penalties on unrecognized tax benefits. Interest expense and penalties are recorded as a component of "Income tax expense" in the Consolidated Statements of Income.

The Company estimates that it is reasonably possible that the unrecognized tax benefits may be reduced by $3,253 during the year ending July 31, 2022 as a result of the resolution of worldwide tax matters, tax audit settlements, amended tax filings, and/or the expiration of statute of limitations, all of which, if recognized, would result in an income tax benefit in the Consolidated Statements of Income.

During the year ended July 31, 2021, the Company recognized $295 of tax benefits (including interest and penalties) associated with the lapse of statutes of limitations.

The Company and its subsidiaries file income tax returns in the U.S., various states, and foreign jurisdictions. The following table summarizes the open tax years for the Company's major jurisdictions:


Jurisdiction						Open Tax Years
United States — Federal						F’19 — F’21

- 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
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-Name Accounting Standards Codification
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-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
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-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
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-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

Summary of Significant Accounting Policies

12 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Summary of Significant Accounting Policies

Nature of Operations — Brady Corporation is a global manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The ability to provide customers with a broad range of proprietary, customized, and diverse products for use in various applications, along with a commitment to quality and service, a global footprint, and multiple sales channels, have made Brady a world leader in many of its markets.

Principles of Consolidation — The accompanying consolidated financial statements include the accounts of Brady Corporation and its wholly owned subsidiaries. All intercompany accounts and transactions between consolidated subsidiaries have been eliminated in consolidation.

Use of Estimates — The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Acquisitions — The Company recognizes assets acquired, liabilities assumed, contractual contingencies and contingent consideration at their fair value on the acquisition date. The operating results of the acquired companies are included in the Company’s consolidated financial statements from the date of acquisition. Acquisition-related costs are expensed as incurred and changes in deferred tax asset valuation allowances and income tax uncertainties after the measurement period are recorded in Provision for Income Taxes.

Cash Equivalents — The Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents.

Concentration of Credit Risk — The Company places temporary cash investments with global financial institutions of high credit quality. The Company performs periodic evaluations of the relative credit standing of its financial institutions and limits the amount of credit exposure with any one financial institution. In addition, the Company has a broad customer base representing many diverse industries throughout the globe. Consequently, no significant concentration of credit risk is considered to exist.

Accounts Receivables — The Company's policy for estimating the allowance for credit losses on accounts receivables considers several factors including historical loss experience, the age of delinquent receivable balances due, and economic conditions. Specific customer reserves are made during review of significant outstanding balances due, in which customer creditworthiness and current economic trends may indicate that it is probable the receivable will not be recovered. Accounts receivables are written off after collection efforts occur and the receivable is deemed uncollectible. Adjustments to the allowance for credit losses are recorded in SG&A expense.

Equity Method Investment — The equity method of accounting is applied to investments in which the Company has an ownership interest of between 20% and 50%. The Company evaluates its equity method investments each reporting period for evidence of a loss in value that is other than a temporary decline. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or the inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment. The Company performed this analysis and concluded that its investment in React Mobile, Inc. was other-than-temporarily impaired and recognized an impairment charge of $4,994 for the year ended July 31, 2021.

Inventories — Inventories are stated at the lower of cost or net realizable value and include material, labor, and overhead. Cost has been determined using the last-in, first-out (“LIFO”) method for certain inventories in the U.S. (12.5% of total inventories at July 31, 2021, and 14.7% of total inventories at July 31, 2020) and the first-in, first-out (“FIFO”) or average cost methods for all other inventories. Had all inventories been accounted for on a FIFO basis instead of on a LIFO basis, the carrying value of inventories would have increased by $7,707 and $7,195 as of July 31, 2021 and 2020, respectively.

Inventories consist of the following as of July 31:


	2021		2020
Finished products	$	87,489	$	85,547
Work-in-process	20,189		24,044
Raw materials and supplies	28,429		26,071
Total inventories	$	136,107	$	135,662

Property, Plant and Equipment — Property, plant and equipment are stated at cost, less accumulated depreciation. Depreciation is computed primarily on a straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are depreciated over the shorter of the lease term or the estimated useful life of the respective asset. The estimated useful lives range from 3 to 33 years as shown below.

Property, plant and equipment consist of the following as of July 31:


	Range of Useful Lives	2021		2020
Land		$	8,201	$	9,960
Buildings and improvements	10 to 33 Years	108,801		105,129
Machinery and equipment	3 to 10 Years	276,994		267,795
Construction in progress		4,991		8,432
Property, plant and equipment—gross		398,987		391,316
Accumulated depreciation		(277,246)		(276,248)
Property, plant and equipment—net		$	121,741	$	115,068

Depreciation expense was $18,406, $18,218, and $18,023 for the years ended July 31, 2021, 2020 and 2019, respectively.

Goodwill — The Company evaluates the carrying amount of goodwill annually or more frequently if events or changes in circumstances have occurred that indicate the goodwill might be impaired. The Company completes impairment reviews for its reporting units using a fair-value method based on management's judgments and assumptions. When performing its annual impairment assessment, the Company evaluates the recoverability of goodwill assigned to each of its reporting units by comparing the estimated fair value of the respective reporting unit to the carrying value, including goodwill. The Company estimates fair value utilizing the income approach and the market approach. The income approach requires management to make a number of assumptions and estimates for each reporting unit, including projected future operating results, economic projections, anticipated future cash flows, working capital levels, income tax rates, and a weighted-average cost of capital reflecting the specific risk profile of the respective reporting unit. The market approach estimates fair value using performance multiples of comparable publicly-traded companies. In the event the fair value of a reporting unit is less than the carrying value, including goodwill, an impairment loss, if any, is recognized for the difference between the implied fair value and the carrying value of the reporting unit's goodwill. The annual impairment testing performed on May 1, 2021, indicated that all reporting units with remaining goodwill had a fair value substantially in excess of its carrying value. No goodwill impairment charges were recognized during the year ended July 31, 2021.

Other Intangible and Long-Lived Assets — Intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives to reflect the pattern of economic benefits consumed. Intangible assets with indefinite lives as well as goodwill are not subject to amortization. These assets are assessed for impairment on an annual basis or more frequently if events or changes in circumstances have occurred that indicate the asset may not be recoverable or that the remaining estimated useful life may warrant revision. In addition, the Company performs qualitative assessments on a quarterly basis of significant events and circumstances, such as historical and current results, assumptions regarding future performance, and strategic initiatives and overall economic factors.

The Company evaluates indefinite-lived intangible assets for impairment by comparing the estimated fair value of the asset to the carrying value. Fair value is estimated using the income approach based upon current sales projections applying the relief from royalty method. If the carrying value of the indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The Company evaluates long-lived assets, including finite-lived intangible assets, operating lease assets, and property, plant, and equipment, for recoverability by comparing an estimate of undiscounted future cash flows, derived from internal forecasts, over the remaining life of the primary asset to the carrying amount of the asset group. To the extent the undiscounted future cash flows attributable to the asset are less than the carrying amount, an impairment loss is recognized for the amount by which the carrying value of the asset exceeds its fair value.

In fiscal 2021, long-lived and other intangible assets were analyzed for potential impairment. As a result of the analysis, no impairment charges were recorded. Refer to Note 3, "Other Intangible Assets and Long-Lived Assets" for further information regarding the impairment charges recorded in fiscal 2020.

Leases — The Company accounts for leases in accordance with Accounting Standards Codification ("ASC") 842 "Leases," which was adopted on August 1, 2019 using the optional transition method. The Company determines whether an arrangement contains a lease at contract inception based on whether the arrangement provides the Company with the right to direct the use of and the right to obtain substantially all of the economic benefits from an identified asset in exchange for consideration. The Company recognizes a right-of-use ("ROU") asset and lease liability for its lease commitments with initial terms greater than one year.

The initial measurement of ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of future lease payments over the expected lease term. The ROU asset also includes any lease payments made on or before the commencement date, initial direct costs incurred, and is reduced by any lease incentives received. Some of the Company’s leases include options to extend the lease agreement, of which the exercise is at the Company’s sole discretion. The majority of renewal options are not included in the calculation of ROU assets and liabilities as they are not reasonably certain to be exercised. Some of the Company's lease agreements include rental payments that are adjusted periodically for inflation or the change in an index or rate. These variable lease payments are generally excluded from the initial measurement of the ROU asset and lease liability and are recognized in the period in which the obligation for those payments is incurred. The Company has lease agreements that include both lease and non-lease components, which the Company elected to account for as a single lease component.

The Company determines the present value of future lease payments using its incremental borrowing rate, as the discount rate implicit within the Company’s leases generally cannot be readily determined. The incremental borrowing rate is estimated based on the sovereign credit rating for the countries in which the Company has its largest operations, adjusted for several factors, such as internal credit spread, lease terms, and other market information available at the lease commencement date.

As of July 31, 2021, all leases are accounted for as operating leases, with lease expense being recognized on a straight-line basis over the lease term. Operating leases are reflected in “Operating lease assets,” “Current operating lease liabilities,” and “Long-term operating lease liabilities” in the accompanying Consolidated Balance Sheets. Operating lease expense is recognized in either cost of goods sold or selling, general, and administrative expenses in the Consolidated Statements of Income, based on the nature of the lease. ROU assets are evaluated for impairment in the same manner as long-lived assets. No impairment charges were recognized related to operating lease assets during the fiscal year ended July 31, 2021. Refer to Note 3, "Other Intangible and Long-Lived Assets" for additional information regarding the impairment charges recognized during fiscal 2020.

Revenue Recognition — The majority of the Company’s revenue relates to the sale of identification solutions and workplace safety products to customers. The Company accounts for revenue in accordance with ASC Topic 606 "Revenue from Contracts with Customers," which was adopted on August 1, 2018 using the modified retrospective approach. Revenue is recognized when control of the product or service transfers to the customer in an amount that represents the consideration expected to be received in exchange for those products and services. The Company considers control to have transferred when legal title, physical possession, and the significant risks and rewards of ownership of the asset have transferred to the customer and the collection of the transaction price is reasonably assured, most of which occur upon shipment or delivery of goods to customers. Given the nature of the Company’s business, revenue recognition practices do not contain estimates that materially affect the results of operations, with the exception of estimated customer returns and credit memos. The Company records an allowance for estimated product returns and credit memos using the expected value method based on historical experience, which is recognized as a deduction from net sales at the time of sale. As of July 31, 2021 and 2020, the Company had a reserve for estimated product returns and credit memos of $5,510 and $6,295, respectively.

Sales Incentives — The Company accounts for cash consideration (such as sales incentives, rebates, and cash discounts) given to its customers or resellers as a reduction of revenue. Sales incentives for the years ended July 31, 2021, 2020, and 2019 were $38,876, $38,476, and $40,811, respectively.

Shipping and Handling Costs — Shipping and handling fees billed to a customer in a sale transaction are reported as net sales and the related costs incurred for shipping and handling are reported in cost of goods sold.

Advertising Costs — Advertising costs are expensed as incurred. Advertising expense for the years ended July 31, 2021, 2020, and 2019 was $54,370, $63,482, and $62,454, respectively.

Stock-Based Compensation — The Company measures and recognizes the compensation expense for all share-based awards made to employees and directors based on estimated grant-date fair values. The Black-Scholes option valuation model

is used to determine the fair value of stock option awards on the date of grant. The Company recognizes the compensation cost, net of estimated forfeitures, of all share-based awards on a straight-line basis over the vesting period of the award. If it is determined that it is unlikely the award will vest, the expense recognized to date for the award is reversed in the period in which this is evident and the remaining expense is not recorded.

The Black-Scholes model requires the use of assumptions which determine the fair value of stock-based awards. The Company uses historical data regarding stock option exercise behaviors to estimate the expected term of options granted based on the period of time that options granted are expected to be outstanding. Expected volatilities are based on the historical volatility of the Company’s stock. The expected dividend yield is based on the Company’s historical dividend payments and historical yield. The risk-free interest rate is based on the U.S. Treasury yield curve in effect on the grant date for the length of time corresponding to the expected term of the option. The market value is calculated as the average of the high and the low stock price on the date of the grant. Refer to Note 7, “Stockholders' Equity” for more information regarding the Company’s incentive stock plans.

Research and Development — Amounts expended for research and development are expensed as incurred.

Other Comprehensive Income — Other comprehensive income consists of net unrealized gains and losses from cash flow hedges, the unamortized gain on defined-benefit pension plans net of their related tax effects, and foreign currency translation adjustments, which includes the impact of foreign currency translations and the settlements of net investment hedges.

Foreign Currency Translation — The assets and liabilities of subsidiaries whose functional currency is a currency other than the U.S. dollar are translated into United States dollars at end of period rates of exchange, and income and expense accounts are translated at the average rates of exchange for the period. Resulting foreign currency translation adjustments are included in other comprehensive income.

Income Taxes — The Company accounts for income taxes under the asset and liability method in accordance with ASC 740 "Income Taxes." Under this method, deferred income tax assets and liabilities are recognized for the expected future tax consequences attributable to differences between the financial reporting and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using the currently enacted tax laws and rates applicable to the periods in which the differences are expected to be realized or settled. Valuation allowances are established when it is estimated that it is more likely than not that the tax benefit of the deferred tax asset will not be realized. The Company recognizes the benefit of income tax positions only if those positions are more likely than not to be sustained upon examination by the tax authority. Changes in recognition or measurement are reflected in the period in which a change in judgment occurs.

Fair Value of Financial Instruments — The Company believes that the carrying amount of its financial instruments (cash and cash equivalents, accounts receivable, accounts payable, and other current liabilities) approximate fair value due to the short-term nature of these instruments. Refer to Note 6, "Debt" for more information regarding the fair value of long-term debt and Note 13, "Fair Value Measurements" for information regarding fair value measurements.

Foreign Currency Hedging — The objective of the Company’s foreign currency exchange risk management is to minimize the impact of currency movements on non-functional currency transactions and minimize the foreign currency translation impact on the Company’s foreign operations. While the Company’s risk management objectives and strategies are driven from an economic perspective, the Company attempts, where possible and practical, to ensure that the hedging strategies it engages in qualify for hedge accounting and result in accounting treatment where the earnings effect of the hedging instrument provides substantial offset (in the same period) to the income effect of the hedged item.

The Company recognizes derivative instruments as either assets or liabilities in the accompanying Consolidated Balance Sheets at fair value. Gains and losses resulting from changes in fair value of the derivatives designated as hedges are recorded as a component of Accumulated Other Comprehensive Income ("AOCI") in the accompanying Consolidated Balance Sheets and in the Consolidated Statements of Comprehensive Income and are reclassified into the same income statement line item in the period or periods during which the hedged transaction affects income. Refer to Note 14, "Derivatives and Hedging Activities" for more information regarding the Company’s derivative instruments and hedging activities.

New Accounting Standards

Adopted Standards

In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments," which changes the impairment model for most financial instruments. Prior guidance required the recognition of credit losses based on an incurred loss impairment methodology that reflected losses once the losses were probable. Under ASU 2016-13, the Company is required to use a current expected credit loss model ("CECL") that immediately recognizes an estimate of credit losses that are expected to occur over the life of the financial instruments that are in the scope of this update, including trade receivables. The Company adopted ASU 2016-13 effective August 1, 2020, which did not have a material impact on its consolidated financial statements.

In January 2017, the FASB issued ASU 2017-04, "Goodwill and Other, Simplifying the Test for Goodwill Impairment." This guidance removes Step 2 of the goodwill impairment test, which required a hypothetical purchase price allocation. A goodwill impairment is now the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance remains largely unchanged. The Company adopted ASC 2017-04 effective August 1, 2020. This guidance only impacts the Company's consolidated financial statements if there is a future impairment of goodwill.

Standards not yet adopted

In December 2019, the FASB issued ASU 2019-12, "Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)." The new guidance removes certain exceptions to the general principles in ASC 740 such as recognizing deferred taxes for equity investments, the incremental approach to performing intraperiod tax allocation and calculating income taxes in interim periods. The standard also simplifies accounting for income taxes under U.S. GAAP by clarifying and amending existing guidance, including the recognition of deferred taxes for goodwill, the allocation of taxes to members of a consolidated group and requiring that an entity reflect the effect of enacted changes in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. This guidance is effective for annual periods beginning after December 15, 2020, and interim periods thereafter. Early adoption is permitted. The Company does not expect a material impact to the financial statements or disclosures from the adoption of this standard.

In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." Subject to meeting certain criteria, the new guidance provides optional expedients and exceptions to applying contract modification accounting under existing U.S. GAAP, to address the expected phase out of the London Inter-bank Offered Rate ("LIBOR") by the end of 2021. This guidance was effective upon issuance and allows application to contract changes as early as January 1, 2020. Some of the Company's contracts with respect to its borrowing agreements already contain comparable alternative reference rates that would automatically take effect upon the phasing out of LIBOR. The Company does not expect a material impact to the financial statements or disclosures from the adoption of this standard.

Goodwill

12 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill

Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2021 and 2020, were as follows:


	IDS		WPS		Total
Balance as of July 31, 2019	$	379,005	$	31,982	$	410,987
Translation adjustments	3,342		1,705		5,047
Balance as of July 31, 2020	$	382,347	$	33,687	$	416,034
Current year acquisitions	195,166		—		195,166
Translation adjustments	1,422		1,515		2,937
Balance as of July 31, 2021	$	578,935	$	35,202	$	614,137

Goodwill increased $198,103 for the year ended July 31, 2021. Of the $198,103 increase, $139,347 was due to the acquisition of Code, $43,235 was due to the acquisition of Magicard, $12,584 was due to the acquisition of Nordic ID, and $2,937 was due to the positive effects of foreign currency translation.

The annual impairment testing performed on May 1, 2021, in accordance with ASC 350, “Intangibles - Goodwill and Other” indicated that all of the reporting units with goodwill remaining (IDS Americas & Europe, PDC, and WPS Europe) had a fair value substantially in excess of its carrying value.

Intangible Assets and Long-Lived Assets

12 Months Ended

Jul. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure

Other Intangible and Long-Lived Assets

Other intangible assets include customer relationships, tradenames, and technology with finite lives being amortized in accordance with the accounting guidance for other intangible assets. The Company also has unamortized indefinite-lived tradenames that are classified as other intangible assets.

Other intangible assets as of July 31, 2021 and 2020, consisted of the following:


	July 31, 2021							July 31, 2020
	Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Amortized other intangible assets:
Tradenames	3	$	1,821	$	(356)	$	1,465	3	$	663	$	(55)	$	608
Customer relationships	9	110,950		(39,069)		71,881		9	44,722		(32,615)		12,107
Technology	5	9,578		(335)		9,243		N/A	—		—		—
Unamortized other intangible assets:
Tradenames	N/A	9,745		—		9,745		N/A	9,619		—		9,619
Total		$	132,094	$	(39,760)	$	92,334		$	55,004	$	(32,670)	$	22,334

The change in the gross carrying amount of other intangible assets as of July 31, 2021 compared to July 31, 2020 was primarily due the acquisitions of Code, Magicard, and Nordic ID completed during the year ended July 31, 2021 and to a lesser extent, the effect of currency fluctuations. Refer to Note 15, "Acquisitions" for additional information on intangible assets acquired.

Amortization expense on intangible assets during the fiscal years ended July 31, 2021, 2020, and 2019 was $7,077, $5,219, and $5,776, respectively. Amortization expense over each of the next five fiscal years is projected to be $15,160, $12,208, $9,739, $9,414, and $8,529 for the fiscal years ending July 31, 2022, 2023, 2024, 2025, and 2026, respectively.

During the year ended July 31, 2020, impairment charges of $8,665 were recognized related to indefinite-lived tradenames. In addition, impairment charges of $2,681 were recognized related to property, plant and equipment; of which $2,353 and $328 related to the IDS and WPS segments, respectively. Impairment charges of $2,475 were recognized related to operating lease assets, of which $2,035 and $440 related to the WPS and IDS segments, respectively. These items resulted in a total impairment charge of $13,821 recognized in "Impairment charges" on the Consolidated Statements of Income for the fiscal year ended July 31, 2020.

Leases

12 Months Ended

Jul. 31, 2021

Leases [Abstract]

Lessee, Operating Leases

Leases

The Company leases certain manufacturing facilities, warehouses and office space, computer equipment, and vehicles accounted for as operating leases. Lease terms typically range from one year to ten years. As of July 31, 2021 and 2020, the Company did not have any finance leases.

The Company evaluates right-of-use assets for impairment in the same manner as long-lived assets. Refer to Note 3, "Other Intangible and Long-Lived Assets" for information regarding impairment charges recognized during the fiscal year ended July 31, 2020.

Short-term lease expense, variable lease expenses, and sublease income were immaterial to the Consolidated Statements of Income for the fiscal year ended July 31, 2021.

The following table summarizes lease expense recognized for the fiscal years ended July 31, 2021 and 2020:


	Consolidated Statements of Income Location	July 31, 2021		July 31, 2020
Operating lease cost	Cost of goods sold	$	8,268	$	9,197
Operating lease cost	Selling, general, and administrative expenses	8,625		8,974

Lease expense of $19,984 was recognized in operating expenses for the year ended July 31, 2019.

The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2021:


Years ending July 31,	Operating Leases
2022	$	18,865
2023	15,286
2024	8,445
2025	3,750
2026	1,602
Thereafter	225
Total lease payments	$	48,173
Less: interest	(2,159)
Present value of lease liabilities	$	46,014

The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2021 and 2020 were as follows:


	July 31, 2021		July 31, 2020
Weighted average remaining lease term (in years)	3.0		3.5
Weighted average discount rate	3.3	%	3.5	%

Supplemental cash flow information related to the Company's operating leases for the fiscal years July 31, 2021 and 2020, were as follows:


	Twelve months ended July 31,
	2021		2020
Operating cash outflows from operating leases	$	18,334	$	17,123
Operating lease assets obtained in exchange for new operating lease liabilities	16,522		12,641

Operating lease assets obtained in exchange for new operating lease liabilities include $9,769 of operating lease assets related to leases that commenced on August 1, 2019, which were included in the adoption impact of the new lease accounting standard.

The Company evaluates right-of-use assets for impairment in the same manner as long-lived assets. No impairment charges were recorded during the year ended July 31, 2021. Refer to Note 3, "Other Intangible and Long-Lived Assets" for information regarding impairment charges recognized during the year ended July 31, 2020.

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Jul. 31, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansThe Company provides postretirement medical benefits (the “Plan”) for eligible regular full and part-time domestic employees (including spouses) who retired prior to January 1, 2016, as outlined by the Plan. The Plan is unfunded, and the liability, unrecognized gain, and associated income statement impact are immaterial. The liability is recorded in the accompanying Consolidated Balance Sheets as of July 31, 2021 and 2020. The unrecognized gain is reported as a component of AOCI. The Company also has two deferred compensation plans, the Executive Deferred Compensation Plan and the Director Deferred Compensation Plan which allow for compensation to be deferred into either the Company's Class A Nonvoting Common Stock or in other investment funds. Neither plan allows funds to be transferred between the Company's Class A Nonvoting Common Stock and the other investment funds. The Company also has an additional non-qualified deferred compensation plan, the Brady Restoration Plan, which allows an equivalent benefit to the Matched 401(k) Plan and the Funded Retirement Plan for executives' income exceeding the IRS limits for participation in a qualified 401(k) plan. Deferred compensation of $20,144 and $18,606 was included in "Other liabilities" in the accompanying Consolidated Balance Sheets as of July 31, 2021 and 2020, respectively. The Company has retirement and profit-sharing plans covering substantially all full-time domestic employees and certain employees of its foreign subsidiaries. Contributions to the plans are determined annually or quarterly, according to the respective plan, based on income of the respective companies and employee contributions. Accrued retirement and profit-sharing contributions of $3,686 and $3,577 were included in "Other current liabilities" on the accompanying Consolidated Balance Sheets as of July 31, 2021 and 2020, respectively. The amounts charged to expense for these retirement and profit sharing plans were $13,246, $12,129, and $14,158 during the years ended July 31, 2021, 2020 and 2019, respectively.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Debt

12 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Long-Term Obligations

Debt

On August 1, 2019, the Company and certain of its subsidiaries entered into an unsecured $200 million multi-currency revolving loan agreement with a group of five banks. Under this revolving loan agreement, the Company has the option to select either a Eurocurrency rate loan that bears interest at the LIBOR rate plus a margin based on the Company's consolidated net leverage ratio or a base interest rate (based upon the higher of the federal funds rate plus 0.5%, the prime rate of the Bank of Montreal plus a margin based on the Company’s consolidated net leverage ratio, or the Eurocurrency base rate at the LIBOR rate plus a margin based on the Company’s consolidated net leverage ratio plus 1%). At the Company's option, and subject to certain conditions, the available amount under the revolving loan agreement may be increased from $200 million to $400 million.

In June 2021, the Company drew down $75.0 million from its revolving loan agreement to fund a portion of the purchase price of the acquisition of Code. Prior to July 31, 2021, the Company repaid $37.0 million of the borrowing with cash on hand. During the year ended July 31, 2021, the maximum amount outstanding on the revolving loan agreement was $75.0 million. As of July 31, 2021, the outstanding balance on the credit facility was $38.0 million and there was $159.1 million available for future borrowing under the credit facility, which can be increased to $359.1 million at the Company's option, subject to certain conditions. The revolving loan agreement has a final maturity date of August 1, 2024.

The Company’s revolving loan agreement requires it to maintain certain financial covenants, including a ratio of debt to the trailing twelve months EBITDA, as defined in the agreement, of not more than a 3.5 to 1.0 ratio (leverage ratio) and the trailing twelve months EBITDA to interest expense of not less than a 3.0 to 1.0 ratio (interest expense coverage ratio). As of July 31, 2021, the Company was in compliance with these financial covenants, with a ratio of debt to EBITDA, as defined by the agreements, equal to 0.2 to 1.0 and the interest expense coverage ratio equal to 480.6 to 1.0.

As of July 31, 2021, borrowings on the revolving loan agreement were as follows:


	July 31, 2021		Interest Rate
USD-denominated borrowing on revolving loan agreement	$	38,000	0.84	%

Due to the variable interest rate pricing of the Company's revolving debt, it is determined that the carrying value of the debt equals the fair value of the debt.

The Company had outstanding letters of credit of $2,901 and $3,116 at July 31, 2021 and 2020, respectively.

- 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
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholder's Equity

12 Months Ended

Jul. 31, 2021

Equity [Abstract]

Stockholder's Equity

Stockholders' Equity

Information as to the Company’s capital stock at July 31, 2021 and 2020 is as follows:


	July 31, 2021				July 31, 2020
	Shares Authorized	Shares Issued	(thousands) Amount		Shares Authorized	Shares Issued	(thousands) Amount
Preferred Stock, $.01 par value	5,000,000				5,000,000
Cumulative Preferred Stock: 6% Cumulative	5,000				5,000
1972 Series	10,000				10,000
1979 Series	30,000				30,000
Common Stock, $.01 par value: Class A Nonvoting	100,000,000	51,261,487	$	513	100,000,000	51,261,487	$	513
Class B Voting	10,000,000	3,538,628	35		10,000,000	3,538,628	35
			$	548			$	548

Before any dividend may be paid on the Class B Common Stock, holders of the Class A Common Stock are entitled to receive an annual, noncumulative cash dividend of $0.01665 per share. Thereafter, any further dividend in that fiscal year must be paid on each share of Class A Common Stock and Class B Common Stock on an equal basis.

Other than as required by law, holders of the Class A Common Stock are not entitled to any vote on corporate matters, unless, in each of the three preceding fiscal years, the $0.01665 preferential dividend described above has not been paid in full. Holders of the Class A Common Stock are entitled to one vote per share for the entire fiscal year immediately following the third consecutive fiscal year in which the preferential dividend is not paid in full. Holders of Class B Common Stock are entitled to one vote per share for the election of directors and for all other purposes.

Upon liquidation, dissolution or winding up of the Company, and after distribution of any amounts due to holders of Preferred Stock, if any, holders of the Class A Common Stock are entitled to receive the sum of $0.833 per share before any payment or distribution to holders of the Class B Common Stock. Thereafter, holders of the Class B Common Stock are entitled to receive a payment or distribution of $0.833 per share. Thereafter, holders of the Class A Common Stock and Class B Common Stock share equally in all payments or distributions upon liquidation, dissolution or winding up of the Company.

The preferences in dividends and liquidation rights of the Class A Common Stock over the Class B Common Stock will terminate at any time that the voting rights of Class A Common Stock and Class B Common Stock become equal.

The following is a summary of other activity in stockholders’ equity for the fiscal years ended July 31, 2021, 2020, and 2019:


	Deferred Compensation		Shares Held in Rabbi Trust, at cost		Total
Balances at July 31, 2018	$	8,222	$	(8,222)	$	—
Shares at July 31, 2018	299,916		299,916
Sale of shares at cost	$	(928)	$	928	$	—
Purchase of shares at cost	1,212		(1,212)		—
Balances at July 31, 2019	$	8,506	$	(8,506)	$	—
Shares at July 31, 2019	285,533		285,533
Sale of shares at cost	$	(460)	$	460	$	—
Purchase of shares at cost	1,293		(1,293)		—
Balances at July 31, 2020	$	9,339	$	(9,339)	$	—
Shares at July 31, 2020	292,329		292,329
Sale of shares at cost	$	(277)	$	277	$	—
Purchase of shares at cost	1,472		(1,472)		—
Balances at July 31, 2021	$	10,534	$	(10,534)	$	—
Shares at July 31, 2021	315,916		315,916

Deferred Compensation Plans

The Company has two deferred compensation plans, the Executive Deferred Compensation Plan and the Director Deferred Compensation Plan that allow for compensation to be deferred into either the Company's Class A Nonvoting Common Stock or into other investment funds. Neither plan allows funds to be transferred between the Company's Class A Nonvoting Common Stock and the other investment funds.

At July 31, 2021, the deferred compensation balance in stockholders’ equity represents the investment at the original cost of shares held in the Company’s Class A Nonvoting Common Stock for the deferred compensation plans. The balance of shares held in the Rabbi Trust represents the investment in the Company’s Class A Nonvoting Common Stock at the original cost of all the Company’s Class A Nonvoting Common Stock held in deferred compensation plans.

Incentive Stock Plans

The Company has an incentive stock plan under which the Board of Directors may grant nonqualified stock options to purchase shares of Class A Nonvoting Common Stock, restricted stock units ("RSUs"), or restricted and unrestricted shares of Class A Nonvoting Common Stock to employees and non-employee directors. Certain awards may be subject to pre-established performance goals.

As of July 31, 2021, the Company has reserved 1,749,815 shares of Class A Nonvoting Common Stock for outstanding stock options and RSUs and 2,959,105 shares of Class A Nonvoting Common Stock remain for future issuance of stock options and restricted and unrestricted shares under the active plans. The Company uses treasury stock or will issue new Class A Nonvoting Common Stock to deliver shares under these plans.

Total stock-based compensation expense recognized by the Company during the years ended July 31, 2021, 2020, and 2019, was $10,098 ($9,543 net of taxes), $8,843 ($8,048 net of taxes), and $12,092 ($10,628 net of taxes), respectively. As of July 31, 2021, total unrecognized compensation cost related to share-based compensation awards that are expected to vest was $8,033 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 1.4 years.

Stock Options

The stock options issued under the plan have an exercise price equal to the fair market value of the underlying stock at the date of grant and generally vest ratably over a three-year period, with one-third becoming exercisable one year after the grant date and one-third additional in each of the succeeding two years. Options issued under the plan, referred to herein as “time-based” options, generally expire 10 years from the date of grant.

The Company has estimated the fair value of its time-based stock option awards granted during the fiscal years ended July 31, 2021, 2020, and 2019, using the Black-Scholes option valuation model. The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table:


Black-Scholes Option Valuation Assumptions	2021			2020			2019
Expected term (in years)	6.21			6.20			6.20
Expected volatility	30.71		%	26.07		%	26.05		%
Expected dividend yield	2.49		%	2.63		%	2.71		%
Risk-free interest rate	0.38		%	1.64		%	3.01		%
Weighted-average market value of underlying stock at grant date	$	39.92		$	54.05		$	43.96
Weighted-average exercise price	$	39.92		$	54.05		$	43.96
Weighted-average fair value of options granted during the period	$	8.65		$	10.63		$	9.70

The following is a summary of stock option activity for the fiscal year ended July 31, 2021:


Time-Based Options	Option Price				Options Outstanding	Weighted Average Exercise Price
Balance as of July 31, 2020	$	19.96	—	$54.05	1,273,382	$	37.84
New grants	39.92				303,052	39.92
Exercised	19.96		—	54.05	(77,272)	32.07
Forfeited	39.92		—	54.05	(25,094)	44.82
Balance as of July 31, 2021	$	19.96	—	$54.05	1,474,068	$	38.45

The total fair value of options vested during the fiscal years ended July 31, 2021, 2020, and 2019, was $2,371, $2,800, and $2,864, respectively. The total intrinsic value of options exercised during the fiscal years ended July 31, 2021, 2020, and 2019, based upon the average market price at the time of the exercise during the period, was $1,477, $14,692, and $20,969, respectively.

There were 949,668, 776,273, and 1,025,811 options exercisable with a weighted average exercise price of $34.97, $31.50, and $27.06 at July 31, 2021, 2020, and 2019, respectively. The cash received from the exercise of stock options during the fiscal years ended July 31, 2021, 2020, and 2019, was $1,765, $5,511, and $23,466, respectively. The tax benefit on options exercised during the fiscal years ended July 31, 2021, 2020, and 2019, was $369, $3,673, and $5,242, respectively.

The following table summarizes information about stock options outstanding at July 31, 2021:


	Options Outstanding				Options Outstanding and Exercisable
Range of Exercise Prices	Number of Shares Outstanding at July 31, 2021	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price		Shares Exercisable at July 31, 2021	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price
$19.96 - $29.99	217,913	3.8	$	20.87	217,913	3.8	$	20.87
$30.00 - $39.99	789,608	6.6	37.05		501,997	5.2	35.40
$40.00 - $54.05	466,547	7.7	49.02		229,758	7.5	47.39
Total	1,474,068	6.5	$	38.45	949,668	5.4	$	34.97

As of July 31, 2021, the aggregate intrinsic value (defined as the amount by which the fair value of the underlying stock exceeds the exercise price of an option) of options outstanding and the options exercisable was $23,828 and $18,653, respectively.

RSUs

RSUs issued under the plan have a grant date fair value equal to the fair market value of the underlying stock at the date of grant. Shares issued under the plan are referred to herein as either "time-based" or "performance-based" RSUs. The time-based RSUs issued under the plan generally vest ratably over a three-year period, with one-third becoming exercisable one year after the grant date and one-third additional in each of the succeeding two years. The performance-based RSUs granted under the plan vest at the end of a three-year service period provided specified market conditions are met.

The following tables summarize the RSU activity for the fiscal year ended July 31, 2021:


Time-Based RSUs	Shares	Weighted Average Grant Date Fair Value
Balance as of July 31, 2020	154,960	$	47.39
New grants	79,811	40.82
Vested	(69,436)	44.48
Forfeited	(8,869)	46.14
Balance as of July 31, 2021	156,466	$	45.40

The time-based RSUs granted during the fiscal year ended July 31, 2020 and 2019, had a weighted-average grant-date fair value of $53.38 and $44.20, respectively.


Performance-Based RSUs	Shares	Weighted Average Grant Date Fair Value
Balance as of July 31, 2020	126,060	$	50.61
New grants (1)	64,634	60.73
Vested (1)	(71,413)	33.12
Balance as of July 31, 2021	119,281	$	61.05

(1) Includes 23,805 shares resulting from the payout of performance-based RSUs granted in fiscal year 2018 due to the achievement of performance metrics exceeding the target payout.

The performance-based RSUs granted during the fiscal year ended July 31, 2021, had a weighted-average grant-date fair value determined by a third-party valuation involving the use of a Monte Carlo simulation. The performance-based RSUs granted during the fiscal year ended July 31, 2020 and 2019, had a weighted-average grant-date fair value of $75.00 and $50.70, respectively.

The total fair value of time-based and performance-based RSUs vested during the years ended July 31, 2021, 2020 and 2019, was $6,167, $9,776, and $9,859, respectively. The aggregate intrinsic value of unvested time-based and performance-based RSUs outstanding at July 31, 2021, 2020, and 2019, and expected to vest, was $16,849, $14,013, and $17,953, respectively.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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+ Details

Accumulated Other Comprehensive Loss

12 Months Ended

Jul. 31, 2021

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Loss

Other comprehensive loss consists of foreign currency translation adjustments which includes net investment hedges, unrealized gains and losses from cash flow hedges, and the unamortized gain on post-retirement plans, net of their related tax effects.

The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the periods presented:


	Unrealized gain (loss) on cash flow hedges		Unamortized gain on postretirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Ending balance, July 31, 2019	$	707	$	2,800	$	(74,761)	$	(71,254)
Other comprehensive (loss) income before reclassification	(447)		(332)		6,303		5,524
Amounts reclassified from accumulated other comprehensive loss	(460)		(287)		—		(747)
Ending balance, July 31, 2020	$	(200)	$	2,181	$	(68,458)	$	(66,477)
Other comprehensive income (loss) before reclassification	1,228		(5)		9,888		11,111
Amounts reclassified from accumulated other comprehensive loss	(299)		(288)		—		(587)
Ending balance, July 31, 2021	$	729	$	1,888	$	(58,570)	$	(55,953)

The decrease in accumulated other comprehensive loss as of July 31, 2021, compared to July 31, 2020, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the fiscal year. Of the amounts reclassified from

accumulated other comprehensive loss during the years ended July 31, 2021 and 2020, unrealized gains on cash flow hedges were reclassified into "Cost of goods sold" and net unamortized gains on post-retirement plans were reclassified into "Investment and other income" on the Consolidated Statements of Income.

The following table illustrates the income tax (expense) benefit on the components of other comprehensive income (loss):


	Years Ended July 31,
	2021		2020		2019
Income tax (expense) benefit related to items of other comprehensive income (loss):
Cash flow hedges	$	(123)	$	283	$	55
Pension and other post-retirement benefits	95		229		164
Other income tax adjustments and currency translation	(378)		(337)		(972)
Income tax (expense) benefit related to items of other comprehensive income (loss)	$	(406)	$	175	$	(753)

Revenue Recognition	12 Months Ended
Revenue Recognition	Jul. 31, 2021
Revenue Recognition [Abstract]
Revenue from Contract with Customer	Revenue Recognition The Company recognizes revenue when control of the product or service transfers to the customer at an amount that represents the consideration expected to be received in exchange for those products and services. Nature of Products The Company’s revenues are primarily from the sale of identification solutions and workplace safety products that are shipped and billed to customers. All revenue is from contracts with customers and is included in “Net sales” on the Consolidated Statements of Income. See Note 10 “Segment Information” for the Company’s disaggregated revenue disclosure. Performance Obligations The Company’s contracts with customers consist of purchase orders, which in some cases are governed by master supply or distributor agreements. For each contract, the Company considers the commitment to transfer tangible products, which are generally capable of being distinct, to be separate performance obligations. The majority of the Company's revenue is earned and recognized at a point in time through ship-and-bill performance obligations where the customer typically obtains control of the product upon shipment or delivery, depending on freight terms. The Company considers control to have transferred if legal title, physical possession, and the significant risks and rewards of ownership of the asset have transferred to the customer and the Company has a present right to payment. In almost all cases, control transfers once a product is shipped or delivered, as this is when the customer is able to direct and obtain substantially all of the remaining benefits associated with use of the asset. Transaction Price and Variable Consideration Revenue is measured as the amount of consideration the Company expects to be entitled to in exchange for the transfer of product to a customer. The transaction price is generally the price stated in the contract specific for each item sold, adjusted for all applicable variable considerations. Variable consideration generally include discounts, returns, credits, rebates, or other allowances that reduce the transaction price. Certain discounts and price assurances are fixed and known at the time of sale. The Company estimates the amount of variable consideration and reduces the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. The expected value method is used to estimate expected returns and allowances based on historical experience. The most likely amount method is used to estimate customer rebates, which are offered retrospectively and typically defined in the master supply or distributor agreement. Payment Terms While the Company’s standard payment terms are net 30 days, the specific payment terms and conditions in its contracts with customers vary by type and location of the customer. Cash discounts may be offered to certain customers. The Company has payment terms in its contracts with customers of less than one year and has elected the practical expedient applicable to such contracts and does not consider the time value of money. Warranties The Company offers standard warranty coverage on substantially all products which provides the customer with assurance that the product will function as intended. This standard warranty coverage is accounted for as an assurance warranty and is not considered to be a separate performance obligation. The Company records a liability for product warranty obligations at the time of sale based on historical warranty experience that is included in cost of goods sold. The Company also offers extended warranty coverage for certain products, which it accounts for as service warranties. In most cases, the extended service warranty is included in the sales price of the product and is not sold separately. The Company considers the extended service warranty to be a separate performance obligation and allocates a portion of the transaction price to the service warranty based on the estimated stand-alone selling price. At the time of sale, the extended warranty transaction price is recorded as deferred revenue on the Consolidated Balance Sheets and is recognized on a straight-line basis over the life of the service warranty period. The deferred revenue is considered a contract liability as the Company has a right to payment at the time the product with the related extended service warranty is shipped or delivered and therefore, payment is received in advance of the Company's performance. Contract Balances The balance of contract liabilities associated with service warranty performance obligations was $2,519 and $2,559 as of July 31, 2021 and 2020, respectively. This also represents the amount of unsatisfied performance obligations related to contracts that extend beyond one year. The current portion and non-current portion of contract liabilities are included in “Other current liabilities” and “Other liabilities," respectively, on the accompanying Consolidated Balance Sheets. During the fiscal year ended July 31, 2021, the Company recognized revenue of $1,175 that was included in the contract liability balance at the beginning of the period from the amortization of extended service warranties. Of the contract liability balance outstanding at July 31, 2021, the Company expects to recognize 41% by the end of fiscal 2022, an additional 28% by the end of fiscal 2023, and the balance thereafter. Costs of Obtaining a Contract The Company expenses incremental direct costs of obtaining a contract (e.g., sales commissions) when incurred because the amortization period is generally twelve months or less. Contract costs are included in "Selling, general and administrative expense" on the Consolidated Statements of Income.

- 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
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-Paragraph 13
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+ Details

Segment Information

12 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment InformationThe Company is organized and managed on a global basis within three operating segments, Identification Solutions ("IDS" or "ID Solutions"), Workplace Safety ("WPS"), and People Identification ("PDC"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The IDS and PDC operating segments aggregate into the IDS reporting segment, while the WPS reporting segment is comprised solely of the Workplace Safety operating segment. The Company evaluates short-term segment performance based on segment profit and customer sales. Impairment charges, interest expense, investment and other income, income taxes, equity in losses of unconsolidated affiliate, and certain corporate administrative expenses are excluded when evaluating segment performance.

Following is a summary of segment information as of and for the years ended July 31, 2021, 2020 and 2019:


	2021		2020		2019
Net sales:
ID Solutions:
Americas	$	551,938	$	532,357	$	577,156
Europe	191,854		165,490		193,852
Asia	97,716		86,860		92,092
Total	$	841,508	$	784,707	$	863,100
Workplace Safety:
Americas	$	85,814	$	92,513	$	98,788
Europe	163,356		152,407		150,480
Australia	54,020		51,672		48,277
Total	$	303,190	$	296,592	$	297,545
Total Company:
Americas	$	637,752	$	624,870	$	675,944
Europe	355,210		317,897		344,332
Asia-Pacific	151,736		138,532		140,369
Total	$	1,144,698	$	1,081,299	$	1,160,645
Depreciation & amortization:
ID Solutions	$	22,248	$	20,745	$	21,387
WPS	3,235		2,692		2,412
Total Company	$	25,483	$	23,437	$	23,799
Segment profit:
ID Solutions	$	169,238	$	150,639	$	164,953
WPS	22,754		21,019		23,025
Total Company	$	191,992	$	171,658	$	187,978
Assets:
ID Solutions	$	1,079,331	$	737,589	$	740,437
WPS	151,090		187,234		137,799
Corporate	147,335		217,643		279,072
Total Company	$	1,377,756	$	1,142,466	$	1,157,308
Expenditures for property, plant & equipment:
ID Solutions	$	20,262	$	17,637	$	17,849
WPS	6,927		9,640		14,976
Total Company	$	27,189	$	27,277	$	32,825

Following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the years ended July 31, 2021, 2020 and 2019:


	Years Ended July 31,
	2021		2020		2019
Total profit from reportable segments	$	191,992	$	171,658	$	187,978
Unallocated costs:
Administrative costs	(24,865)		(19,814)		(25,550)
Impairment charges(1)	—		(13,821)		—
Investment and other income	4,333		5,079		5,046
Interest expense	(437)		(2,166)		(2,830)
Income before income taxes and losses of unconsolidated affiliate	$	171,023	$	140,936	$	164,644

(1) Of the total $13,821 impairment charges recognized in the year ended July 31, 2020, $11,029 related to the WPS segment and $2,792 related to the IDS segment.


	Revenues* Years Ended July 31,						Long-Lived Assets** As of July 31,
	2021		2020		2019		2021		2020		2019
Geographic information:
United States	$	642,268	$	627,160	$	674,924	$	560,405	$	361,005	$	365,205
Other	565,956		509,530		546,923		309,686		234,330		191,953
Eliminations	(63,526)		(55,391)		(61,202)		—		—		—
Consolidated total	$	1,144,698	$	1,081,299	$	1,160,645	$	870,091	$	595,335	$	557,158

* Revenues are attributed based on country of origin.
** Long-lived assets consist of property, plant and equipment, goodwill, other intangible assets, and operating lease assets.

- 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
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Net Income per Common Share

12 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Net Earnings per Common Share

Net Income per Common Share

Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows:


	Years ended July 31,
	2021		2020		2019
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	129,659	$	112,369	$	131,258
Less:
Preferential dividends	(807)		(828)		(815)
Preferential dividends on dilutive stock options	(5)		(10)		(13)
Numerator for basic and diluted income per Class B Voting Common Share	$	128,847	$	111,531	$	130,430
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	52,039		52,763		52,596
Plus: Effect of dilutive equity awards	370		468		727
Denominator for diluted income per share for both Class A and Class B	52,409		53,231		53,323
Net income per Class A Nonvoting Common Share:
Basic	$	2.49	$	2.13	$	2.50
Diluted	$	2.47	$	2.11	$	2.46
Net income per Class B Voting Common Share:
Basic	$	2.48	$	2.11	$	2.48
Diluted	$	2.46	$	2.10	$	2.45

Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value were greater than the average market price of Brady's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 511,189, 387,382, and 372,255 for the fiscal years ended July 31, 2021, 2020, and 2019, respectively.

Fair Value Measurements

12 Months Ended

Jul. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

In accordance with fair value accounting guidance, the Company determines fair value based on the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The inputs used to measure fair value are classified into the following hierarchy:

Level 1 — Unadjusted quoted prices in active markets for identical instruments that are accessible as of the reporting date.

Level 2 — Other significant pricing inputs that are either directly or indirectly observable.

Level 3 — Significant unobservable pricing inputs, which result in the use of management's own assumptions.

The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at July 31, 2021 and July 31, 2020, according to the valuation techniques the Company used to determine their fair values.


	July 31, 2021		July 31, 2020		Fair Value Hierarchy
Assets:
Trading securities	$	20,135	$	18,606	Level 1
Foreign exchange contracts	150		594		Level 2
Liabilities:
Foreign exchange contracts	$	51	$	777	Level 2

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Trading securities: The Company’s deferred compensation investments consist of investments in mutual funds, which are included in "Other assets" on the accompanying Consolidated Balance Sheets. These investments were classified as Level 1 as the shares of these investments trade with sufficient frequency and volume to enable us to obtain pricing information on an ongoing basis.

Foreign exchange contracts: The Company’s foreign exchange contracts were classified as Level 2 as the fair value was based on the present value of the future cash flows using external models that use observable inputs, such as interest rates, yield curves and foreign exchange rates. See Note 14, “Derivatives and Hedging Activities,” for additional information.

There have been no transfers of assets or liabilities between the fair value hierarchy levels, outlined above, during the fiscal years ended July 31, 2021 and July 31, 2020.

See Note 6 for information regarding the fair value of the Company's long-term debt.

- 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

Derivatives and Hedging Activities

12 Months Ended

Jul. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities

The Company utilizes forward foreign exchange currency contracts to reduce the exchange rate risk of specific foreign currency denominated transactions. These contracts typically require the exchange of a foreign currency for U.S. dollars at a fixed rate at a future date, with maturities of less than 18 months, which qualify as cash flow hedges or net investment hedges under the accounting guidance for derivative instruments and hedging activities. The primary objective of the Company’s foreign currency exchange risk management program is to minimize the impact of currency movements due to transactions in other than the respective subsidiaries’ functional currency and to minimize the impact of currency movements on the Company’s net investment denominated in a currency other than the U.S. dollar. To achieve this objective, the Company hedges a portion of known exposures using forward foreign exchange contracts.

Main foreign currency exposures are related to transactions denominated in the British Pound, Euro, Canadian dollar, Australian dollar, Mexican Peso, Chinese Yuan, Malaysian Ringgit and Singapore dollar. Generally, these risk management transactions will involve the use of foreign currency derivatives to minimize the impact of currency movements on non-functional currency transactions.

The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows as of July 31, 2021 and 2020:


	July 31, 2021		July 31, 2020
Designated as cash flow hedges	$	30,724	$	24,600
Non-designated hedges	3,580		3,107
Total foreign exchange contracts	$	34,304	$	27,707

Cash Flow Hedges

The Company has designated a portion of its forward foreign exchange contracts as cash flow hedges and recorded these contracts at fair value on the accompanying Consolidated Balance Sheets. For these instruments, the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into income in the same period or periods during which the hedged transaction affects income. At July 31, 2021 and 2020, unrealized gains of $770 and losses of $385 have been included in AOCI, respectively.

The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as cash flow hedging instruments:


	July 31, 2021		July 31, 2020		July 31, 2019
Gains (losses) recognized in OCI	$	1,451	$	(576)	$	837
Gains reclassified from OCI into cost of goods sold	399		614		1,048

Fair values of derivative and hedging instruments in the accompanying Consolidated Balance Sheets were as follows:


	July 31, 2021				July 31, 2020
	Prepaid expenses and other current assets		Other current liabilities		Prepaid expenses and other current assets		Other current liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	150	$	51	$	588	$	761
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	—		0		6		16
Total derivative instruments	$	150	$	51	$	594	$	777

Acquisitions

12 Months Ended

Jul. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions

On May 21, 2021, the Company acquired all of the outstanding shares of Magicard Holdings Limited (“Magicard”), based in Weymouth, United Kingdom, for $56,694, net of cash received. Magicard is a manufacturer of identification card printers with high-resolution, full-color image capabilities, built-in security features and the ability to encode smart cards. The intangible assets consist of a customer relationship of $18,303, which is being amortized over eight years, technology of $2,837, which is being amortized over five years and a tradename of $567, which is being amortized over two years. The goodwill acquired of $43,235 is not tax-deductible. Magicard has a complementary product offering that allows the Company to offer new printing and encoding capabilities to both new and existing customers and is included in the Company’s IDS segment.

On April 15, 2021, the Company launched an all-cash tender offer in Finland to acquire all of the outstanding, publicly-held shares of Nordic ID Oyj, a Finnish corporation (“Nordic ID”) based in Salo, Finland. Nordic ID specializes in RFID readers, scanners, and the associated software to power track-and-trace applications in industrial manufacturing. On May 19, 2021, the results of the Company’s cash tender offer were finalized with 92.9% of all outstanding shares validly tendered as part of the tender offer. On May 21, 2021, the Company acquired the shares validly tendered as part of the tender offer for $9,804 plus the assumption of debt of $4,668. The intangible assets consist of a customer relationship of $3,803, which is being amortized over ten years and technology of $600, which is being amortized over six years. The goodwill acquired of $12,584 is not tax-deductible. Nordic ID has begun the squeeze-out process after which Brady intends to acquire all of the remaining outstanding shares and apply for delisting of Nordic ID from the Nasdaq First North Growth Market Finland. Nordic ID is included in the Company’s IDS segment.

On June 16, 2021, the Company acquired all of the outstanding shares of The Code Corporation (“Code”), based in Salt Lake City, Utah, for $172,815, net of cash received. Code specializes in high-quality barcode scanners and the associated software to power track-and-trace applications in a variety of industries. Initial financing for this acquisition consisted of $75,000 from the Company’s revolving loan agreement and the balance from cash on hand. Prior to July 31, 2021, the Company repaid $37,000 of the borrowing on the credit facility with cash on hand. The intangible assets consist of a customer relationship of $44,500, which is being amortized over nine years, technology of $6,200, which is being amortized over five years and a tradename of $600, which is being amortized over three years. The goodwill acquired of $139,347 is not tax-deductible. The final purchase price allocation is subject to post-closing adjustments pursuant to the terms of the merger agreement. Code has a complementary product offering that allows the Company to expand in the industrial track-and-trace market and is included in the Company’s IDS segment.

The following table summarizes the combined preliminary fair values of the assets acquired and liabilities assumed at the date of the acquisitions:


Cash and cash equivalents	$	7,513
Accounts receivable - net	15,401
Total inventories	6,581
Prepaid expenses and other current assets	544
Property, plant and equipment	2,023
Goodwill	195,166
Other intangible assets	77,410
Other assets	3,109
Accounts payable	(7,584)
Accrued compensation and benefits	(5,537)
Taxes, other than income taxes	(4,081)
Other current liabilities	(8,197)
Long-term debt	(4,668)
Deferred tax liabilities	(11,348)
Other liabilities	(14,836)
	$	251,496
Less: cash acquired	(7,513)

Fair value of total consideration	$	243,983

The results of the operations of the acquired businesses have been included since the date of acquisition in the accompanying consolidated financial statements. Acquisition-related expenses of $3,164 were recognized in SG&A during the year ended July 31, 2021. Pro forma information related to the acquisitions during the year ended July 31, 2020 is not included because the impact on the Company’s consolidated results of operations is considered to be immaterial.

Unaudited Quarterly Financial Information

12 Months Ended

Jul. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Information


	Quarters
	First		Second		Third		Fourth		Total
Fiscal 2020
Net sales	$	286,947	$	276,665	$	265,943	$	251,744	$	1,081,299
Gross margin	141,405		139,127		129,527		118,506		528,565
Operating income (1)	40,891		41,244		22,669		33,219		138,023
Net income	37,498		33,553		13,633		27,685		112,369
Net income per Class A Nonvoting Common Share:
Basic	$	0.71	$	0.63	$	0.26	$	0.53	$	2.13
Diluted	$	0.70	$	0.62	$	0.26	$	0.53	$	2.11
Fiscal 2021 (2)
Net sales	$	277,227	$	265,838	$	295,503	$	306,130	$	1,144,698
Gross margin	135,428		129,522		148,847		147,649		561,446
Operating income	42,188		37,412		46,725		40,802		167,127
Net income (3)	33,481		30,860		37,291		28,027		129,659
Net income per Class A Nonvoting Common Share:
Basic	$	0.64	$	0.59	$	0.72	$	0.54	$	2.49
Diluted	$	0.64	$	0.59	$	0.71	$	0.53	$	2.47

(1) In the third quarter of fiscal 2020, the Company recognized before tax impairment charges of $13,821.

(2) In the fourth quarter of fiscal 2021, the Company acquired three companies: Nordic ID, Magicard, and Code. The operating results of the acquired companies are included in the Company’s consolidated financial statements from the date of acquisition.

(3) In the fourth quarter of fiscal 2021, the Company recognized other-than-temporary impairment charges of $4,994 of its equity method investment in React Mobile, Inc.

Subsequent Events Subsequent Events (Notes)	12 Months Ended
Subsequent Events Subsequent Events (Notes)	Jul. 31, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent EventsOn September 1, 2021, the Company announced an increase in the annual dividend to shareholders of the Company's Class A Common Stock, from $0.88 to $0.90 per share. A quarterly dividend of $0.225 will be paid on October 29, 2021, to shareholders of record at the close of business on October 8, 2021. This dividend represents an increase of 2.3% and is the 36th consecutive annual increase in dividends.

Schedule II Valuation of Qualifying Accounts

12 Months Ended

Jul. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS


	Year ended July 31,
Description	2021		2020		2019
	(Dollars in thousands)
Valuation accounts deducted in balance sheet from assets to which they apply — Accounts receivable — allowance for credit losses:
Balances at beginning of period	$	7,157	$	5,005	$	4,471
Additions — Due to acquired businesses	388		—		—
Additions — Charged to expense	803		2,495		587
Deductions — Bad debts written off, net of recoveries	(1,042)		(343)		(53)
Balances at end of period	$	7,306	$	7,157	$	5,005
Inventory — Reserve for slow-moving inventory:
Balances at beginning of period	$	16,309	$	13,404	$	12,582
Additions — Due to acquired businesses	2,957		—		—
Additions — Charged to expense	4,908		5,722		3,168
Deductions — Inventory write-offs	(1,165)		(2,817)		(2,346)
Balances at end of period	$	23,009	$	16,309	$	13,404
Valuation allowances against deferred tax assets:
Balances at beginning of period	$	58,809	$	60,073	$	56,866
Additions — Due to acquired businesses	1,351		—		—
Additions — Charged to expense	4,168		6,204		5,981
Deductions — Valuation allowances reversed/utilized	(13,259)		(7,468)		(2,774)
Balances at end of period	$	51,069	$	58,809	$	60,073

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Nature of Operations

Principles of Consolidation

Use of Estimates

Acquisitions

Cash Equivalents

Cash Equivalents — The Company considers all highly-liquid investments purchased with original maturities of three months or less to be cash equivalents.

Concentration of Credit Risk

Accounts Receivables

Equity Method Investment

Inventories

Inventories consist of the following as of July 31:


	2021		2020
Finished products	$	87,489	$	85,547
Work-in-process	20,189		24,044
Raw materials and supplies	28,429		26,071
Total inventories	$	136,107	$	135,662

Property, Plant and Equipment

Property, plant and equipment consist of the following as of July 31:


	Range of Useful Lives	2021		2020
Land		$	8,201	$	9,960
Buildings and improvements	10 to 33 Years	108,801		105,129
Machinery and equipment	3 to 10 Years	276,994		267,795
Construction in progress		4,991		8,432
Property, plant and equipment—gross		398,987		391,316
Accumulated depreciation		(277,246)		(276,248)
Property, plant and equipment—net		$	121,741	$	115,068

Depreciation expense was $18,406, $18,218, and $18,023 for the years ended July 31, 2021, 2020 and 2019, respectively.

Goodwill, Other Intangible and Long-Lived Assets

Leases

Revenue Recongition

Advertising Costs

Advertising Costs — Advertising costs are expensed as incurred. Advertising expense for the years ended July 31, 2021, 2020, and 2019 was $54,370, $63,482, and $62,454, respectively.

Stock-Based Compensation

Research and Development

Research and Development — Amounts expended for research and development are expensed as incurred.

Other Comprehensive Income

Foreign Currency Translation

Income Taxes

Fair Value of Financial Instruments

Foreign Currency Hedging

New Accounting Standards

Adopted Standards

Standards not yet adopted

Summary of Significant Accounting Policies Inventories (Tables)

12 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories consist of the following as of July 31:


	2021		2020
Finished products	$	87,489	$	85,547
Work-in-process	20,189		24,044
Raw materials and supplies	28,429		26,071
Total inventories	$	136,107	$	135,662

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment consist of the following as of July 31:


	Range of Useful Lives	2021		2020
Land		$	8,201	$	9,960
Buildings and improvements	10 to 33 Years	108,801		105,129
Machinery and equipment	3 to 10 Years	276,994		267,795
Construction in progress		4,991		8,432
Property, plant and equipment—gross		398,987		391,316
Accumulated depreciation		(277,246)		(276,248)
Property, plant and equipment—net		$	121,741	$	115,068

Goodwill (Tables)

12 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2021 and 2020, were as follows:


	IDS		WPS		Total
Balance as of July 31, 2019	$	379,005	$	31,982	$	410,987
Translation adjustments	3,342		1,705		5,047
Balance as of July 31, 2020	$	382,347	$	33,687	$	416,034
Current year acquisitions	195,166		—		195,166
Translation adjustments	1,422		1,515		2,937
Balance as of July 31, 2021	$	578,935	$	35,202	$	614,137

Intangible Assets and Long-Lived Assets (Tables)

12 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Other intangible assets as of July 31, 2021 and 2020, consisted of the following:


	July 31, 2021							July 31, 2020
	Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Amortized other intangible assets:
Tradenames	3	$	1,821	$	(356)	$	1,465	3	$	663	$	(55)	$	608
Customer relationships	9	110,950		(39,069)		71,881		9	44,722		(32,615)		12,107
Technology	5	9,578		(335)		9,243		N/A	—		—		—
Unamortized other intangible assets:
Tradenames	N/A	9,745		—		9,745		N/A	9,619		—		9,619
Total		$	132,094	$	(39,760)	$	92,334		$	55,004	$	(32,670)	$	22,334

Leases, Codification Topic 842 (Tables)

12 Months Ended

Jul. 31, 2021

Leases [Abstract]

Lease, Cost

The following table summarizes lease expense recognized for the fiscal years ended July 31, 2021 and 2020:


	Consolidated Statements of Income Location	July 31, 2021		July 31, 2020
Operating lease cost	Cost of goods sold	$	8,268	$	9,197
Operating lease cost	Selling, general, and administrative expenses	8,625		8,974

Lessee, Operating Lease, Liability, Maturity

The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2021:


Years ending July 31,	Operating Leases
2022	$	18,865
2023	15,286
2024	8,445
2025	3,750
2026	1,602
Thereafter	225
Total lease payments	$	48,173
Less: interest	(2,159)
Present value of lease liabilities	$	46,014

Weighted-Average Lease Disclosures

The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2021 and 2020 were as follows:


	July 31, 2021		July 31, 2020
Weighted average remaining lease term (in years)	3.0		3.5
Weighted average discount rate	3.3	%	3.5	%

Supplemental Cash Flow Information - Leases

Supplemental cash flow information related to the Company's operating leases for the fiscal years July 31, 2021 and 2020, were as follows:


	Twelve months ended July 31,
	2021		2020
Operating cash outflows from operating leases	$	18,334	$	17,123
Operating lease assets obtained in exchange for new operating lease liabilities	16,522		12,641

Debt (Tables)

12 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

As of July 31, 2021, borrowings on the revolving loan agreement were as follows:


	July 31, 2021		Interest Rate
USD-denominated borrowing on revolving loan agreement	$	38,000	0.84	%

Stockholder's Equity (Tables)

12 Months Ended

Jul. 31, 2021

Equity [Abstract]

Schedule of Capital Stock

Information as to the Company’s capital stock at July 31, 2021 and 2020 is as follows:


	July 31, 2021				July 31, 2020
	Shares Authorized	Shares Issued	(thousands) Amount		Shares Authorized	Shares Issued	(thousands) Amount
Preferred Stock, $.01 par value	5,000,000				5,000,000
Cumulative Preferred Stock: 6% Cumulative	5,000				5,000
1972 Series	10,000				10,000
1979 Series	30,000				30,000
Common Stock, $.01 par value: Class A Nonvoting	100,000,000	51,261,487	$	513	100,000,000	51,261,487	$	513
Class B Voting	10,000,000	3,538,628	35		10,000,000	3,538,628	35
			$	548			$	548

Schedule of Other Activity in Stockholders' Investment

The following is a summary of other activity in stockholders’ equity for the fiscal years ended July 31, 2021, 2020, and 2019:


	Deferred Compensation		Shares Held in Rabbi Trust, at cost		Total
Balances at July 31, 2018	$	8,222	$	(8,222)	$	—
Shares at July 31, 2018	299,916		299,916
Sale of shares at cost	$	(928)	$	928	$	—
Purchase of shares at cost	1,212		(1,212)		—
Balances at July 31, 2019	$	8,506	$	(8,506)	$	—
Shares at July 31, 2019	285,533		285,533
Sale of shares at cost	$	(460)	$	460	$	—
Purchase of shares at cost	1,293		(1,293)		—
Balances at July 31, 2020	$	9,339	$	(9,339)	$	—
Shares at July 31, 2020	292,329		292,329
Sale of shares at cost	$	(277)	$	277	$	—
Purchase of shares at cost	1,472		(1,472)		—
Balances at July 31, 2021	$	10,534	$	(10,534)	$	—
Shares at July 31, 2021	315,916		315,916

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table:


Black-Scholes Option Valuation Assumptions	2021			2020			2019
Expected term (in years)	6.21			6.20			6.20
Expected volatility	30.71		%	26.07		%	26.05		%
Expected dividend yield	2.49		%	2.63		%	2.71		%
Risk-free interest rate	0.38		%	1.64		%	3.01		%
Weighted-average market value of underlying stock at grant date	$	39.92		$	54.05		$	43.96
Weighted-average exercise price	$	39.92		$	54.05		$	43.96
Weighted-average fair value of options granted during the period	$	8.65		$	10.63		$	9.70

Summary of Stock Option Activity under Company's Share-Based Compensation Plans

The following is a summary of stock option activity for the fiscal year ended July 31, 2021:


Time-Based Options	Option Price				Options Outstanding	Weighted Average Exercise Price
Balance as of July 31, 2020	$	19.96	—	$54.05	1,273,382	$	37.84
New grants	39.92				303,052	39.92
Exercised	19.96		—	54.05	(77,272)	32.07
Forfeited	39.92		—	54.05	(25,094)	44.82
Balance as of July 31, 2021	$	19.96	—	$54.05	1,474,068	$	38.45

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding at July 31, 2021:


	Options Outstanding				Options Outstanding and Exercisable
Range of Exercise Prices	Number of Shares Outstanding at July 31, 2021	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price		Shares Exercisable at July 31, 2021	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price
$19.96 - $29.99	217,913	3.8	$	20.87	217,913	3.8	$	20.87
$30.00 - $39.99	789,608	6.6	37.05		501,997	5.2	35.40
$40.00 - $54.05	466,547	7.7	49.02		229,758	7.5	47.39
Total	1,474,068	6.5	$	38.45	949,668	5.4	$	34.97

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

The following tables summarize the RSU activity for the fiscal year ended July 31, 2021:


Time-Based RSUs	Shares	Weighted Average Grant Date Fair Value
Balance as of July 31, 2020	154,960	$	47.39
New grants	79,811	40.82
Vested	(69,436)	44.48
Forfeited	(8,869)	46.14
Balance as of July 31, 2021	156,466	$	45.40

The time-based RSUs granted during the fiscal year ended July 31, 2020 and 2019, had a weighted-average grant-date fair value of $53.38 and $44.20, respectively.


Performance-Based RSUs	Shares	Weighted Average Grant Date Fair Value
Balance as of July 31, 2020	126,060	$	50.61
New grants (1)	64,634	60.73
Vested (1)	(71,413)	33.12
Balance as of July 31, 2021	119,281	$	61.05

(1) Includes 23,805 shares resulting from the payout of performance-based RSUs granted in fiscal year 2018 due to the achievement of performance metrics exceeding the target payout.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jul. 31, 2021

Statement of Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the periods presented:


	Unrealized gain (loss) on cash flow hedges		Unamortized gain on postretirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Ending balance, July 31, 2019	$	707	$	2,800	$	(74,761)	$	(71,254)
Other comprehensive (loss) income before reclassification	(447)		(332)		6,303		5,524
Amounts reclassified from accumulated other comprehensive loss	(460)		(287)		—		(747)
Ending balance, July 31, 2020	$	(200)	$	2,181	$	(68,458)	$	(66,477)
Other comprehensive income (loss) before reclassification	1,228		(5)		9,888		11,111
Amounts reclassified from accumulated other comprehensive loss	(299)		(288)		—		(587)
Ending balance, July 31, 2021	$	729	$	1,888	$	(58,570)	$	(55,953)

Other Comprehensive Income, Tax [Table Text Block]

The following table illustrates the income tax (expense) benefit on the components of other comprehensive income (loss):


	Years Ended July 31,
	2021		2020		2019
Income tax (expense) benefit related to items of other comprehensive income (loss):
Cash flow hedges	$	(123)	$	283	$	55
Pension and other post-retirement benefits	95		229		164
Other income tax adjustments and currency translation	(378)		(337)		(972)
Income tax (expense) benefit related to items of other comprehensive income (loss)	$	(406)	$	175	$	(753)

Segment Information (Tables)

12 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Following is a summary of segment information as of and for the years ended July 31, 2021, 2020 and 2019:


	2021		2020		2019
Net sales:
ID Solutions:
Americas	$	551,938	$	532,357	$	577,156
Europe	191,854		165,490		193,852
Asia	97,716		86,860		92,092
Total	$	841,508	$	784,707	$	863,100
Workplace Safety:
Americas	$	85,814	$	92,513	$	98,788
Europe	163,356		152,407		150,480
Australia	54,020		51,672		48,277
Total	$	303,190	$	296,592	$	297,545
Total Company:
Americas	$	637,752	$	624,870	$	675,944
Europe	355,210		317,897		344,332
Asia-Pacific	151,736		138,532		140,369
Total	$	1,144,698	$	1,081,299	$	1,160,645
Depreciation & amortization:
ID Solutions	$	22,248	$	20,745	$	21,387
WPS	3,235		2,692		2,412
Total Company	$	25,483	$	23,437	$	23,799
Segment profit:
ID Solutions	$	169,238	$	150,639	$	164,953
WPS	22,754		21,019		23,025
Total Company	$	191,992	$	171,658	$	187,978
Assets:
ID Solutions	$	1,079,331	$	737,589	$	740,437
WPS	151,090		187,234		137,799
Corporate	147,335		217,643		279,072
Total Company	$	1,377,756	$	1,142,466	$	1,157,308
Expenditures for property, plant & equipment:
ID Solutions	$	20,262	$	17,637	$	17,849
WPS	6,927		9,640		14,976
Total Company	$	27,189	$	27,277	$	32,825

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the years ended July 31, 2021, 2020 and 2019:


	Years Ended July 31,
	2021		2020		2019
Total profit from reportable segments	$	191,992	$	171,658	$	187,978
Unallocated costs:
Administrative costs	(24,865)		(19,814)		(25,550)
Impairment charges(1)	—		(13,821)		—
Investment and other income	4,333		5,079		5,046
Interest expense	(437)		(2,166)		(2,830)
Income before income taxes and losses of unconsolidated affiliate	$	171,023	$	140,936	$	164,644

(1) Of the total $13,821 impairment charges recognized in the year ended July 31, 2020, $11,029 related to the WPS segment and $2,792 related to the IDS segment.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas


	Revenues* Years Ended July 31,						Long-Lived Assets** As of July 31,
	2021		2020		2019		2021		2020		2019
Geographic information:
United States	$	642,268	$	627,160	$	674,924	$	560,405	$	361,005	$	365,205
Other	565,956		509,530		546,923		309,686		234,330		191,953
Eliminations	(63,526)		(55,391)		(61,202)		—		—		—
Consolidated total	$	1,144,698	$	1,081,299	$	1,160,645	$	870,091	$	595,335	$	557,158

* Revenues are attributed based on country of origin.
** Long-lived assets consist of property, plant and equipment, goodwill, other intangible assets, and operating lease assets.

Income Taxes (Tables)

12 Months Ended

Jul. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of (Loss) Earnings from Continuing Operations

Income before income taxes and losses of unconsolidated affiliate consists of the following:


	Years Ended July 31,
	2021		2020		2019
United States	$	59,504	$	69,433	$	55,077
Other Nations	111,519		71,503		109,567
Total	$	171,023	$	140,936	$	164,644

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense consists of the following:


	Years Ended July 31,
	2021		2020		2019
Current income tax expense:
United States	$	16,322	$	3,031	$	2,232
Other Nations	26,141		25,133		22,445
States (U.S.)	2,112		1,160		913
	$	44,575	$	29,324	$	25,590
Deferred income tax (benefit) expense:
United States	$	(2,662)	$	1,072	$	8,451
Other Nations	(5,938)		(2,065)		(667)
States (U.S.)	(365)		(10)		12
	$	(8,965)	$	(1,003)	$	7,796
Total income tax expense	$	35,610	$	28,321	$	33,386

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences are as follows as of July 31, 2021 and 2020:


	July 31, 2021
	Assets		Liabilities		Total
Inventories	$	5,143	$	(51)	$	5,092
Employee compensation and benefits	8,570		—		8,570
Accounts receivable	1,433		—		1,433
Fixed assets	3,479		(7,292)		(3,813)
Intangible assets	996		(51,987)		(50,991)
Deferred and equity-based compensation	8,069		—		8,069
Postretirement benefits	2,359		(166)		2,193
Tax credit and net operating loss carry-forwards	60,238		—		60,238
Valuation allowances	(51,069)		—		(51,069)
Other, net	13,698		(5,282)		8,416
Total	$	52,916	$	(64,778)	$	(11,862)


	July 31, 2020
	Assets		Liabilities		Total
Inventories	$	4,385	$	(58)	$	4,327
Employee compensation and benefits	3,339		(72)		3,267
Accounts receivable	1,518		—		1,518
Fixed assets	3,663		(7,285)		(3,622)
Intangible assets	1,026		(31,488)		(30,462)
Deferred and equity-based compensation	7,851		—		7,851
Postretirement benefits	3,002		(31)		2,971
Tax credit and net operating loss carry-forwards	56,447		—		56,447
Valuation allowances	(58,809)		—		(58,809)
Other, net	11,786		(4,715)		7,071
Total	$	34,208	$	(43,649)	$	(9,441)

Schedule of Effective Income Tax Rate Reconciliation


	Years Ended July 31,
	2021		2020		2019
Tax at statutory rate	21.0	%	21.0	%	21.0	%
International rate differential(1)	2.3	%	5.1	%	2.0	%
Adjustments to tax accruals and reserves(2)	3.3	%	(2.0)	%	(3.6)	%
Research and development tax credits and domestic manufacturer’s deduction	(1.6)	%	(2.0)	%	(1.6)	%
Valuation allowance against foreign net operating loss carry-forwards(3)	(4.8)	%	—	%	0.2	%
Deferred tax and other adjustments, net	0.6	%	(2.0)	%	2.3	%
Income tax rate	20.8	%	20.1	%	20.3	%

(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2021, 2020, and 2019.

(3)The year ended July 31, 2021 includes a reduction in a previously recorded valuation allowance against certain foreign net operating loss carry-forwards.

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of unrecognized tax benefits (excluding interest and penalties) is as follows:


Balance as of July 31, 2018	$	20,430
Additions based on tax positions related to the current year	2,518
Additions for tax positions of prior years	612
Reductions for tax positions of prior years	(378)
Lapse of statute of limitations	(8,140)
Cumulative translation adjustments and other	(201)
Balance as of July 31, 2019	$	14,841
Additions based on tax positions related to the current year	2,798
Additions for tax positions of prior years	1,295
Reductions for tax positions of prior years	(5,087)
Lapse of statute of limitations	(117)
Cumulative translation adjustments and other	(108)
Balance as of July 31, 2020	$	13,622
Additions based on tax positions related to the current year	4,664
Additions for tax positions of prior years(1)	3,940
Reductions for tax positions of prior years	(365)
Lapse of statute of limitations	(159)

Cumulative translation adjustments and other	210
Balance as of July 31, 2021	$	21,912

Schedule of Open Tax Years by Major Jurisdictions

The following table summarizes the open tax years for the Company's major jurisdictions:


Jurisdiction						Open Tax Years
United States — Federal						F’19 — F’21

Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator of Basic and Diluted Per Share

Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows:


	Years ended July 31,
	2021		2020		2019
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	129,659	$	112,369	$	131,258
Less:
Preferential dividends	(807)		(828)		(815)
Preferential dividends on dilutive stock options	(5)		(10)		(13)
Numerator for basic and diluted income per Class B Voting Common Share	$	128,847	$	111,531	$	130,430
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	52,039		52,763		52,596
Plus: Effect of dilutive equity awards	370		468		727
Denominator for diluted income per share for both Class A and Class B	52,409		53,231		53,323
Net income per Class A Nonvoting Common Share:
Basic	$	2.49	$	2.13	$	2.50
Diluted	$	2.47	$	2.11	$	2.46
Net income per Class B Voting Common Share:
Basic	$	2.48	$	2.11	$	2.48
Diluted	$	2.46	$	2.10	$	2.45

Fair Value Measurements (Tables)

12 Months Ended

Jul. 31, 2021

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis


	July 31, 2021		July 31, 2020		Fair Value Hierarchy
Assets:
Trading securities	$	20,135	$	18,606	Level 1
Foreign exchange contracts	150		594		Level 2
Liabilities:
Foreign exchange contracts	$	51	$	777	Level 2

Derivatives and Hedging Activities (Tables)

12 Months Ended

Jul. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows as of July 31, 2021 and 2020:


	July 31, 2021		July 31, 2020
Designated as cash flow hedges	$	30,724	$	24,600
Non-designated hedges	3,580		3,107
Total foreign exchange contracts	$	34,304	$	27,707

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as cash flow hedging instruments:


	July 31, 2021		July 31, 2020		July 31, 2019
Gains (losses) recognized in OCI	$	1,451	$	(576)	$	837
Gains reclassified from OCI into cost of goods sold	399		614		1,048

Fair Value, by Balance Sheet Grouping

Fair values of derivative and hedging instruments in the accompanying Consolidated Balance Sheets were as follows:


	July 31, 2021				July 31, 2020
	Prepaid expenses and other current assets		Other current liabilities		Prepaid expenses and other current assets		Other current liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	150	$	51	$	588	$	761
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	—		0		6		16
Total derivative instruments	$	150	$	51	$	594	$	777

Unaudited Quarterly Financial Information (Tables)

12 Months Ended

Jul. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information


	Quarters
	First		Second		Third		Fourth		Total
Fiscal 2020
Net sales	$	286,947	$	276,665	$	265,943	$	251,744	$	1,081,299
Gross margin	141,405		139,127		129,527		118,506		528,565
Operating income (1)	40,891		41,244		22,669		33,219		138,023
Net income	37,498		33,553		13,633		27,685		112,369
Net income per Class A Nonvoting Common Share:
Basic	$	0.71	$	0.63	$	0.26	$	0.53	$	2.13
Diluted	$	0.70	$	0.62	$	0.26	$	0.53	$	2.11
Fiscal 2021 (2)
Net sales	$	277,227	$	265,838	$	295,503	$	306,130	$	1,144,698
Gross margin	135,428		129,522		148,847		147,649		561,446
Operating income	42,188		37,412		46,725		40,802		167,127
Net income (3)	33,481		30,860		37,291		28,027		129,659
Net income per Class A Nonvoting Common Share:
Basic	$	0.64	$	0.59	$	0.72	$	0.54	$	2.49
Diluted	$	0.64	$	0.59	$	0.71	$	0.53	$	2.47

(1) In the third quarter of fiscal 2020, the Company recognized before tax impairment charges of $13,821.

(3) In the fourth quarter of fiscal 2021, the Company recognized other-than-temporary impairment charges of $4,994 of its equity method investment in React Mobile, Inc.

Summary of Significant Accounting Policies Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Accounting Policies [Abstract]
Finished products	$ 87,489	$ 85,547
Work-in-process	20,189	24,044
Raw materials and supplies	28,429	26,071
Inventories	$ 136,107	$ 135,662
Percentage of LIFO Inventory	12.50%	14.70%
Inventory, LIFO Reserve, Effect on Income, Net	$ 7,707	$ 7,195

Summary of Significant Accounting Policies Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Property, Plant and Equipment [Line Items]
Land	$ 8,201	$ 9,960
Buildings and improvements	108,801	105,129
Machinery and equipment	276,994	267,795
Construction in progress	4,991	8,432
Property, plant and equipment—gross	398,987	391,316
Accumulated depreciation	(277,246)	(276,248)
Property, plant and equipment—net	121,741	115,068
Depreciation	$ 18,406	$ 18,218	$ 18,023
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	33 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years

Summary of Significant Accounting Policies Revenue Recognition (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Accounting Policies [Abstract]
Contract with Customer, Refund Liability	$ 5,510	$ 6,295

Summary of Significant Accounting Policies Sales Incentives (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Accounting Policies [Abstract]
Sales Incentives	$ 38,876	$ 38,476	$ 40,811

Summary of Significant Accounting Policies Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Accounting Policies [Abstract]
Advertising Expense	$ 54,370	$ 63,482	$ 62,454

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 416,034	$ 410,987
Current year acquisitions	195,166
Goodwill, Foreign Currency Translation Gain (Loss)	2,937	5,047
Goodwill, Ending Balance	614,137	416,034
Goodwill, Period Increase (Decrease)	198,103
Code Acquisition
Goodwill [Roll Forward]
Current year acquisitions	139,347
Magicard Acquisition
Goodwill [Roll Forward]
Current year acquisitions	43,235
Nordic ID Acquisition
Goodwill [Roll Forward]
Current year acquisitions	12,584
Identification Solutions
Goodwill [Roll Forward]
Goodwill, Beginning Balance	382,347	379,005
Current year acquisitions	195,166
Goodwill, Foreign Currency Translation Gain (Loss)	1,422	3,342
Goodwill, Ending Balance	578,935	382,347
Workplace Safety
Goodwill [Roll Forward]
Goodwill, Beginning Balance	33,687	31,982
Current year acquisitions	0
Goodwill, Foreign Currency Translation Gain (Loss)	1,515	1,705
Goodwill, Ending Balance	$ 35,202	$ 33,687

Intangible Assets and Long-Lived Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 132,094	$ 55,004
Finite-Lived Intangible Assets, Accumulated Amortization	(39,760)	(32,670)
Other intangible assets	92,334	22,334
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 9,745	$ 9,619
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years	3 years
Finite-Lived Intangible Assets, Gross	$ 1,821	$ 663
Finite-Lived Intangible Assets, Accumulated Amortization	(356)	(55)
Finite-Lived Intangible Assets, Net	$ 1,465	$ 608
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	9 years	9 years
Finite-Lived Intangible Assets, Gross	$ 110,950	$ 44,722
Finite-Lived Intangible Assets, Accumulated Amortization	(39,069)	(32,615)
Finite-Lived Intangible Assets, Net	$ 71,881	12,107
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Finite-Lived Intangible Assets, Gross	$ 9,578	0
Finite-Lived Intangible Assets, Accumulated Amortization	(335)	0
Finite-Lived Intangible Assets, Net	$ 9,243	$ 0

Intangible Assets and Long-Lived Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 7,077	$ 5,219	$ 5,776
Finite-Lived Intangible Asset, Expected Amortization, Year One	15,160
Finite-Lived Intangible Asset, Expected Amortization, Year Two	12,208
Finite-Lived Intangible Asset, Expected Amortization, Year Three	9,739
Finite-Lived Intangible Assets, Amortization Expense, Year Four	9,414
Finite-Lived Intangible Asset, Expected Amortization, Year Five	8,529
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		8,665
Tangible Asset Impairment Charges		2,681
Operating Lease, Impairment Loss		2,475
Impairment charges	$ 0	13,821	$ 0
Identification Solutions
Impaired Long-Lived Assets Held and Used [Line Items]
Tangible Asset Impairment Charges		2,353
Operating Lease, Impairment Loss		440
Impairment charges		2,792
Workplace Safety
Impaired Long-Lived Assets Held and Used [Line Items]
Tangible Asset Impairment Charges		328
Operating Lease, Impairment Loss		2,035
Impairment charges		$ 11,029

Operating Lease Cost (Details) - USD ($) $ in Thousands		12 Months Ended
Operating Lease Cost (Details) - USD ($) $ in Thousands	Aug. 01, 2019	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Operating Leased Assets [Line Items]
Operating Lease, Payments		$ 18,334	$ 17,123
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 9,769	$ 16,522	$ 12,641
Operating Lease, Weighted Average Remaining Lease Term		3 years	3 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent		3.30%	3.50%
Operating Lease, Cost				$ 19,984
Cost of Sales [Member]
Operating Leased Assets [Line Items]
Operating Lease, Cost		$ 8,268	$ 9,197
Selling, General and Administrative Expenses [Member]
Operating Leased Assets [Line Items]
Operating Lease, Cost		$ 8,625	$ 8,974

Lease Maturity Disclosure (Details) $ in Thousands	Jul. 31, 2021 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 18,865
Lessee, Operating Lease, Liability, to be Paid, Year Two	15,286
Lessee, Operating Lease, Liability, to be Paid, Year Three	8,445
Lessee, Operating Lease, Liability, to be Paid, Year Four	3,750
Lessee, Operating Lease, Liability, to be Paid, Year Five	1,602
Lessee, Operating Lease, Liability, to be Paid, after Year Five	225
Lessee, Operating Lease, Liability, to be Paid	48,173
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(2,159)
Operating Lease, Liability	$ 46,014

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Retirement Benefits [Abstract]
Deferred compensation arrangement with individual, recorded liability	$ 20,144	$ 18,606
Accrued retirement and profit-sharing contributions	3,686	3,577
Pension and other postretirement benefit expense	$ 13,246	$ 12,129	$ 14,158

Debt - Schedule of Long-Term Debt (Details)
$ in Thousands

12 Months Ended

Jul. 31, 2021

USD ($)

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

As of July 31, 2021, borrowings on the revolving loan agreement were as follows:


	July 31, 2021		Interest Rate
USD-denominated borrowing on revolving loan agreement	$	38,000	0.84	%

Long-term Line of Credit

$ 38,000

Line of Credit Facility, Interest Rate at Period End

0.84%

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Debt - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Line of Credit Facility [Line Items]
Line of credit, current borrowing capacity	$ 200,000
Line of credit, maximum borrowing capacity	400,000
Line of credit facility, maximum amount outstanding during period	75,000
Revolver Amount Drawn to Fund Code Acquisition	75,000
Revolver repaid during year related to Code Acquistion	37,000
Line of credit, remaining borrowing capacity	159,100
Line of credit, remaining maximum borrowing capacity	$ 359,100
Debt to EBITDA Ratio	0.2 to 1.0
Interest Expense Coverage Ratio	480.6 to 1.0
Letters of credit outstanding	$ 2,901	$ 3,116
Line of Credit Facility, Interest Rate Description	Under this revolving loan agreement, the Company has the option to select either a Eurocurrency rate loan that bears interest at the LIBOR rate plus a margin based on the Company's consolidated net leverage ratio or a base interest rate (based upon the higher of the federal funds rate plus 0.5%, the prime rate of the Bank of Montreal plus a margin based on the Company’s consolidated net leverage ratio, or the Eurocurrency base rate at the LIBOR rate plus a margin based on the Company’s consolidated net leverage ratio plus 1%).

Stockholder's Investments - Schedule of Capital Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Class of Stock [Line Items]
Noncumulative Cash Dividend	$ 0.01665
Common Stock, Value, Issued	$ 548	$ 548
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	51,261,487	51,261,487
Common Stock, Value, Issued	$ 513	$ 513
Class B Voting Common Stock
Class of Stock [Line Items]
Common Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Shares, Issued	3,538,628	3,538,628
Common Stock, Value, Issued	$ 35	$ 35
Noncumulative Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	5,000,000	5,000,000
6% Cumulative [Member] \| Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	5,000	5,000
1972 Series [Member] \| Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	10,000	10,000
1979 Series [Member] \| Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	30,000	30,000

Stockholder's Investments - Schedule of Other Activity in Stockholders' Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Class of Stock [Line Items]
Sale Of Shares At Cost	$ 0	$ 0	$ 0
Purchase Of Shares At Cost	0	0	0
Ending Balance, Other Stockholders Equity	0	0	0	$ 0
Shares Held Rabbi Trust At Cost [Member]
Class of Stock [Line Items]
Sale Of Shares At Cost	(277)	(460)	(928)
Purchase Of Shares At Cost	(1,472)	(1,293)	(1,212)
Ending Balance, Other Stockholders Equity	$ (10,534)	$ (9,339)	$ (8,506)	$ (8,222)
Ending Balance, Other Stockholders Equity Shares	315,916	292,329	285,533	299,916
Deferred Compensation [Member]
Class of Stock [Line Items]
Sale Of Shares At Cost	$ (277)	$ (460)	$ (928)
Purchase Of Shares At Cost	(1,472)	(1,293)	(1,212)
Ending Balance, Other Stockholders Equity	$ 10,534	$ 9,339	$ 8,506	$ 8,222
Ending Balance, Other Stockholders Equity Shares	315,916	292,329	285,533	299,916

Stockholder's Investments Stockholder's Investment - Schedule of Stock Option Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years 2 months 15 days	6 years 2 months 12 days	6 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	30.71%	26.07%	26.05%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.49%	2.63%	2.71%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.38%	1.64%	3.01%
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Market Value Of Underlying Stock at Grant Date	$ 39.92	$ 54.05	$ 43.96
Black-Scholes Option Valuation Assumptions, Weighted-Average Exercise Price	39.92	54.05	43.96
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 8.65	$ 10.63	$ 9.70

Stockholder's Investments - Summary of Activity under Company's Share-Based Compensation Plans (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Beginning Balance, Price Lower Range	$ 19.96
Options Outstanding, Beginning Balance, Price Upper Range	54.05
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Price	39.92
Options Exercised, Price Lower Range	19.96
Options Exercised, Price Upper Range	54.05
Options Cancelled, Price Lower Range	39.92
Options Cancelled, Price Upper Range	54.05
Options Outstanding, Ending Balance, Price Lower Range	19.96	$ 19.96
Options Outstanding, Ending Balance, Price Upper Range	$ 54.05	$ 54.05
Options, Outstanding [Roll Forward]
Shares Outstanding, Beginning Balance	1,273,382
Options Granted	303,052
Options Exercised	(77,272)
Options Cancelled	(25,094)
Shares Outstanding, Ending Balance	1,474,068	1,273,382
Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Options Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 37.84
Options Granted, Weighted Average Exercise Price	39.92	$ 54.05	$ 43.96
Options Exercised, Weighted Average Exercise Price	32.07
Options Cancelled, Weighted Average Exercise Price	44.82
Options Outstanding, Ending Balance, Weighted Average Exercise Price	$ 38.45	$ 37.84
Options Outstanding, Range of Exercise Prices [Abstract]
Exercise Price Range, Number of Outstanding Options	1,474,068
Exercise Price Range, Options Outstanding, Weighted Average Remaining Contractual Term	6 years 6 months
Exercise Price Range, Outstanding Options, Weighted Average Exercise Price	$ 38.45
Exercise Price Range, Number of Exercisable Options	949,668
Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term	5 years 4 months 24 days
Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 34.97
$19.96 - $26.99 [Member]
Options Outstanding, Range of Exercise Prices [Abstract]
Exercise Price Range, Number of Outstanding Options	217,913
Exercise Price Range, Options Outstanding, Weighted Average Remaining Contractual Term	3 years 9 months 18 days
Exercise Price Range, Outstanding Options, Weighted Average Exercise Price	$ 20.87
Exercise Price Range, Number of Exercisable Options	217,913
Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term	3 years 9 months 18 days
Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 20.87
$27.00 - $32.99 [Member]
Options Outstanding, Range of Exercise Prices [Abstract]
Exercise Price Range, Number of Outstanding Options	789,608
Exercise Price Range, Options Outstanding, Weighted Average Remaining Contractual Term	6 years 7 months 6 days
Exercise Price Range, Outstanding Options, Weighted Average Exercise Price	$ 37.05
Exercise Price Range, Number of Exercisable Options	501,997
Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term	5 years 2 months 12 days
Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 35.40
$33.00 - $43.98 [Member]
Options Outstanding, Range of Exercise Prices [Abstract]
Exercise Price Range, Number of Outstanding Options	466,547
Exercise Price Range, Options Outstanding, Weighted Average Remaining Contractual Term	7 years 8 months 12 days
Exercise Price Range, Outstanding Options, Weighted Average Exercise Price	$ 49.02
Exercise Price Range, Number of Exercisable Options	229,758
Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term	7 years 6 months
Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 47.39
Service Based Restricted Shares and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 6,167	$ 9,776
Restricted Shares and RSUs, Nonvested, Number of Shares [Roll Forward]
Restricted Shares and RSUs, Nonvested, Number	154,960
Restricted Shares and RSUs, Grants in Period	79,811
Restricted Shares and RSUs, Vested in Period	(69,436)
Restricted Shares and RSUs, Forfeited in Period	(8,869)
Restricted Shares and RSUs, Nonvested, Number	156,466	154,960
Restricted Shares and RSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted Shares and RSUs, Nonvested, Weighted Average Grant Date Fair Value	$ 47.39
Restricted Shares and RSUs, Grants in Period, Weighted Average Grant Date Fair Value	40.82	$ 53.38
Restricted Shares and RSUs, Vested in Period, Weighted Average Grant Date Fair Value	44.48
Restricted Shares and RSUs, Forfeitures, Weighted Average Grant Date Fair Value	46.14
Restricted Shares and RSUs, Nonvested, Weighted Average Grant Date Fair Value	$ 45.40	$ 47.39
Performance Based Restricted Shares and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested	$ 16,849	$ 14,013
Restricted Shares and RSUs, Nonvested, Number of Shares [Roll Forward]
Restricted Shares and RSUs, Nonvested, Number	126,060
Restricted Shares and RSUs, Grants in Period	64,634
Restricted Shares and RSUs, Vested in Period	(71,413)
Restricted Shares and RSUs, Nonvested, Number	119,281	126,060
Restricted Shares and RSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted Shares and RSUs, Nonvested, Weighted Average Grant Date Fair Value	$ 50.61
Restricted Shares and RSUs, Grants in Period, Weighted Average Grant Date Fair Value	60.73	$ 75.00	$ 50.70
Restricted Shares and RSUs, Vested in Period, Weighted Average Grant Date Fair Value	33.12
Restricted Shares and RSUs, Nonvested, Weighted Average Grant Date Fair Value	$ 61.05	$ 50.61

Stockholder's Investments - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Noncumulative Cash Dividend	$ 0.01665
Annual Amount Entitled to be Received by Class A Common Stock shareholders	$ 0.833
Class A Nonvoting Common Stock Shares Reserved for Outstanding Share-Based Awards	1,749,815
Number of Shares Remaining for Future Issuance of Share-Based Awards	2,959,105
Share-based Compensation Expense	$ 10,098	$ 8,843	$ 12,092
Share-based Compensation Expense, Net of Tax	9,543	8,048	10,628
Share-Based Compensation Cost Not yet Recognized	$ 8,033
Share-Based Compensation Cost Not yet Recognized, Period for Recognition	1 year 4 months 24 days
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%
Options, Award Vesting Period	3 years
Options, Expiration Period	10 years
Options, Vested in Period, Fair Value	$ 2,371	2,800	2,864
Options, Exercised in Period, Aggregate Intrinsic Value	$ 1,477	$ 14,692	$ 20,969
Options Exercisable, Number	949,668	776,273	1,025,811
Options Exercisable, Weighted Average Exercise Price	$ 34.97	$ 31.50	$ 27.06
Options, Exercised in Period, Proceeds from Issuance of Shares	$ 1,765	$ 5,511	$ 23,466
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	369	$ 3,673	$ 5,242
Options Outstanding, Aggregate Intrinsic Value	23,828
Options Exercisable, Aggregate Intrinsic Value	$ 18,653
Service-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Award Vesting Period	3 years

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (66,477)	$ (71,254)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	11,111	5,524
Amounts reclassified from accumulated other comprehensive loss	(587)	747
Ending balance	(55,953)	(66,477)
Unrealized gain (loss) on cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(200)	707
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	1,228	(447)
Amounts reclassified from accumulated other comprehensive loss	(299)	460
Ending balance	729	(200)
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(68,458)	(74,761)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	9,888	6,303
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(58,570)	(68,458)
Gain on post-retirement plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,181	2,800
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(5)	(332)
Amounts reclassified from accumulated other comprehensive loss	(288)	287
Ending balance	$ 1,888	$ 2,181

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Accumulated Other Comprehensive Loss, Tax - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Other Comprehensive Income, Tax [Abstract]
Cash flow hedges	$ (123)	$ 283	$ 55
Pension and other post-retirement benefits	95	229	164
Other income tax adjustments and currency translation	378	337	972
Income tax (expense) benefit related to items of other comprehensive income (loss)	$ (406)	$ 175	$ (753)

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
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-Paragraph 11
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 1,175
Contract with Customer, Liability	$ 2,519			$ 2,559
Forecast [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage		28.00%	41.00%

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 1,144,698	$ 1,081,299	$ 1,160,645
Depreciation and amortization	25,483	23,437	23,799
Segment profit	191,992	171,658	187,978
Assets	1,377,756	1,142,466	1,157,308
Expenditures for property, plant & equipment	27,189	27,277	32,825
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	637,752	624,870	675,944
Europe [Member]
Segment Reporting Information [Line Items]
Net sales	355,210	317,897	344,332
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	151,736	138,532	140,369
Identification Solutions
Segment Reporting Information [Line Items]
Net sales	841,508	784,707	863,100
Depreciation and amortization	22,248	20,745	21,387
Segment profit	169,238	150,639	164,953
Assets	1,079,331	737,589	740,437
Expenditures for property, plant & equipment	20,262	17,637	17,849
Identification Solutions \| Americas [Member]
Segment Reporting Information [Line Items]
Net sales	551,938	532,357	577,156
Identification Solutions \| Europe [Member]
Segment Reporting Information [Line Items]
Net sales	191,854	165,490	193,852
Identification Solutions \| Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	97,716	86,860	92,092
Workplace Safety
Segment Reporting Information [Line Items]
Net sales	303,190	296,592	297,545
Depreciation and amortization	3,235	2,692	2,412
Segment profit	22,754	21,019	23,025
Assets	151,090	187,234	137,799
Expenditures for property, plant & equipment	6,927	9,640	14,976
Workplace Safety \| Americas [Member]
Segment Reporting Information [Line Items]
Net sales	85,814	92,513	98,788
Workplace Safety \| Europe [Member]
Segment Reporting Information [Line Items]
Net sales	163,356	152,407	150,480
Workplace Safety \| Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	54,020	51,672	48,277
Corporate [Member]
Segment Reporting Information [Line Items]
Assets	$ 147,335	$ 217,643	$ 279,072

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total profit from reportable segments	$ 191,992	$ 171,658	$ 187,978
Unallocated amounts:
Administrative costs	(24,865)	(19,814)	(25,550)
Asset Impairment Charges	0	(13,821)	0
Investment and other income	4,333	5,079	5,046
Interest expense	(437)	(2,166)	(2,830)
Income before income taxes and losses of unconsolidated affiliate	171,023	140,936	164,644
Identification Solutions
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total profit from reportable segments	169,238	150,639	164,953
Unallocated amounts:
Asset Impairment Charges		(2,792)
Workplace Safety
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total profit from reportable segments	$ 22,754	21,019	$ 23,025
Unallocated amounts:
Asset Impairment Charges		$ (11,029)

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,144,698	$ 1,081,299	$ 1,160,645
Long-Lived Assets	870,091	595,335	557,158
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	642,268	627,160	674,924
Long-Lived Assets	560,405	361,005	365,205
OtherCountries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	565,956	509,530	546,923
Long-Lived Assets	309,686	234,330	191,953
Intersegment Eliminations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	(63,526)	(55,391)	(61,202)
Long-Lived Assets	$ 0	$ 0	$ 0

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 30
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Income Taxes - Schedule of (Loss) Earnings from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Income Tax Disclosure [Abstract]
United States	$ 59,504	$ 69,433	$ 55,077
Other Nations	111,519	71,503	109,567
Income before income taxes and losses of unconsolidated affiliate	$ 171,023	140,936	$ 164,644
Intercompany Royalty Transactions		$ 22,914

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Current income tax expense:
United States	$ 16,322	$ 3,031	$ 2,232
Other Nations	26,141	25,133	22,445
States (U.S.)	2,112	1,160	913
Total current income tax expense	44,575	29,324	25,590
Deferred income tax (benefit) expense:
United States	(2,662)	1,072	8,451
Other Nations	(5,938)	(2,065)	(667)
States (U.S.)	(365)	(10)	12
Total deferred income tax (benefit) expense	(8,965)	(1,003)	7,796
Income Tax Expense (Benefit), Continuing Operations	$ 35,610	$ 28,321	$ 33,386

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Gross	$ 52,916	$ 34,208
Deferred Tax Liabilities, Gross	64,778	43,649
Deferred Tax Liabilities, Other	5,282	4,715
Deferred Tax Assets, Tax Deferred Expense, Other	13,698	11,786
Deferred Tax Liability, Valuation Allowance	0	0
Deferred Tax Assets, Valuation Allowance	51,069	58,809
Deferred Tax Liabilities Tax Credit Carryforwards And Net Operating Losses	0	0
Deferred Tax Assets, Tax Credit Carryforwards	60,238	56,447
Deferred tax liabilities, deferred tax expense, postretirement benefits	166	31
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	2,359	3,002
Deferred Tax Liability, Deferred Expense, Deferred Compensation	0	0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	8,069	7,851
Deferred Tax Liabilities, Intangible Assets	51,987	31,488
Deferred Tax Assets, Goodwill and Intangible Assets	996	1,026
Deferred Tax Liabilities, Property, Plant and Equipment	7,292	7,285
Deferred Tax Assets, Property, Plant and Equipment	3,479	3,663
Deferred Tax Liabilities Accounts Receivable	0	0
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts	1,433	1,518
Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Employee Benefits	0	72
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	8,570	3,339
Deferred Tax Liabilities, Inventory	51	58
Deferred Tax Assets, Inventory	5,143	4,385
Net of liabilities [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Valuation Allowance	51,069
Deferred Tax Assets, Tax Credit Carryforwards	60,238
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	2,193
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	8,069
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts	1,433
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	8,570
Deferred Tax Assets, Inventory	5,092
Net of assets [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Liabilities, Net	11,862	9,441
Deferred Tax Assets, Tax Deferred Expense, Other	8,416
Deferred Tax Liabilities, Intangible Assets	50,991
Deferred Tax Liabilities, Property, Plant and Equipment	$ 3,813
Net of liabilities [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Valuation Allowance		58,809
Deferred Tax Assets, Tax Credit Carryforwards		56,447
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits		2,971
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost		7,851
Deferred Tax Liabilities, Intangible Assets		30,462
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts		1,518
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits		3,267
Deferred Tax Assets, Inventory		4,327
Net of assets [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Tax Deferred Expense, Other		7,071
Deferred Tax Liabilities, Property, Plant and Equipment		$ 3,622

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Income Tax Penalties Expense		$ (96)	$ (2,357)
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Tax at statutory rate	21.00%	21.00%	21.00%
International rate differential(1)	2.30%	5.10%	2.00%
Adjustments to tax accruals and reserves(2)	3.30%	(2.00%)	(3.60%)
Research and development tax credits and domestic manufacturer’s deduction	(1.60%)	(2.00%)	(1.60%)
Valuation allowance against foreign net operating loss carry-forwards(3)	(4.80%)	0.00%	0.20%
Deferred tax and other adjustments, net	0.60%	(2.00%)	2.30%
Income tax rate	20.80%	20.10%	20.30%

Income Taxes - Schedule of Unrecognized Tax Benefit Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Unrecognized Tax Benefits:
Beginning balance	$ 13,622	$ 14,841	$ 20,430
Additions based on tax positions related to the current year	4,664	2,798	2,518
Additions for tax positions of prior years	3,940	1,295	612
Reductions for tax positions of prior years	(365)	(5,087)	(378)
Lapse of statute of limitations	(159)	(117)	(8,140)
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation	210	108	201
Ending balance	$ 21,912	$ 13,622	$ 14,841

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Operating Loss Carryforwards [Line Items]
Foreign operating loss-carryforward expiration dates	2022 to 2038
State Net Operating Loss Carryforwards Expiration Dates	2032
Foreign Tax Credit Carryforward Expiration Dates	2022 to 2031
State Research And Development Tax Credit Carryforward Expiration Dates	2022 to 2036
Unrecognized Tax Benefits	$ 21,912	$ 13,622	$ 14,841	$ 20,430
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	18,717
Unrecognized Tax Benefits Recognized In Other Liabilities	15,427	8,931
Reduction Of Longterm Deferred Income Tax Assets Excluding Interest and Penalties	6,485	4,691
Unrecognized Tax Benefits, Interest on Income Taxes Expense	(596)	(372)	(1,013)
Unrecognized Tax Benefits, Income Tax Penalties Expense		(96)	$ (2,357)
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	2,297	1,354
Unrecognized Tax Benefits, Income Tax Penalties Accrued	2,098	$ 658
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	3,253
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	$ 295
Internal Revenue Service (IRS) [Member] \| Earliest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Open Tax Year	2019
Internal Revenue Service (IRS) [Member] \| Tax Year 2019 [Member]
Operating Loss Carryforwards [Line Items]
Open Tax Year	2021
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 102,847
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	90,475
Other Tax Carryforward, Gross Amount	22,141
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	23,164
Other Tax Carryforward, Gross Amount	$ 11,481

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Earnings Per Share [Line Items]
Net income	$ 28,027	$ 37,291	$ 30,860	$ 33,481	$ 27,685	$ 13,633	$ 33,553	$ 37,498	$ 129,659	$ 112,369
Denominator for basic earnings per share for both Class A and Class B									52,039	52,763	52,596
Plus: Effect of dilutive stock options									370	468	727
Denominator for diluted earnings per share for both Class A and Class B									52,409	53,231	53,323
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Basic	$ 0.54	$ 0.72	$ 0.59	$ 0.64	$ 0.53	$ 0.26	$ 0.63	$ 0.71	$ 2.49	$ 2.13	$ 2.50
Diluted	$ 0.53	$ 0.71	$ 0.59	$ 0.64	$ 0.53	$ 0.26	$ 0.62	$ 0.70	$ 2.47	$ 2.11	$ 2.46
Class B Voting Common Stock
Earnings Per Share [Line Items]
Net income									$ 128,847	$ 111,531	$ 130,430
Basic									$ 2.48	$ 2.11	$ 2.48
Diluted									$ 2.46	$ 2.10	$ 2.45
Preferential Dividends on Class A Nonvoting Common Stock [Member]
Earnings Per Share [Line Items]
Cash dividends on Common Stock									$ 807	$ 828	$ 815
Preferential Dividends on Dilutive Shares [Member]
Earnings Per Share [Line Items]
Cash dividends on Common Stock									$ 5	$ 10	$ 13

Net Income per Common Share - Additional Informations (Detail) - shares	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Earnings Per Share [Line Items]
Anti-dilutive shares excluded from computations of diluted earnings per share	511,189	387,382
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Anti-dilutive shares excluded from computations of diluted earnings per share			372,255

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Fair Value, Inputs, Level 1 [Member] \| Other assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	$ 20,135	$ 18,606
Fair Value, Inputs, Level 2 [Member] \| Prepaid expenses and other current assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	150	594
Fair Value, Inputs, Level 2 [Member] \| Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ 51	$ 777

Derivative Notional Amounts (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Derivative [Line Items]
Derivative, Notional Amount	$ 34,304	$ 27,707
Designated as hedging instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	30,724	24,600
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 3,580	$ 3,107

Derivatives and Hedging Activities - Impact on OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in other comprehensive income (loss)	$ 1,451	$ (576)	$ 837
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 399	$ 614	1,048
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in other comprehensive income (loss)			$ 837

Derivatives and Hedging Activities - Fair Value Balance Sheet Disclosure (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Derivatives, Fair Value [Line Items]
Derivatives Assets	$ 150
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	51	$ 777
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets		594
Foreign Exchange Contract [Member] \| Not designated as hedging Instruments [Member] \| Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	0	16
Foreign Exchange Contract [Member] \| Not designated as hedging Instruments [Member] \| Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	0	6
Foreign Exchange Contract [Member] \| Designated as hedging instruments [Member] \| Other current liabilities [Member] \| Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	51	761
Foreign Exchange Contract [Member] \| Designated as hedging instruments [Member] \| Prepaid expenses and other current assets [Member] \| Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	$ 150	$ 588

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative maturity	18 months
Designated as hedging instruments [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ (770)	$ (385)

Acquisitions Preliminary Fair Values of the Assets Acquired and Liabilities Assumed (Details) $ in Thousands	Jul. 31, 2021 USD ($)
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ (7,513)
Business Combination, Acquired Receivable, Fair Value	15,401
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	6,581
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets	544
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,023
Current year acquisitions	195,166
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	77,410
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	3,109
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	(7,584)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Compensation and Benefits	(5,537)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Taxes other than income taxes	(4,081)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	(8,197)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	4,668
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(11,348)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(14,836)
Business Combination, Recognized Identifiable Assets Acquired Including Cash and Liabilities Assumed, Net	251,496
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 243,983

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Business Acquisition [Line Items]
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized	$ 3,164
Payments to Acquire Businesses, Net of Cash Acquired	243,983	$ 0	$ 0
Current year acquisitions	195,166
Revolver Amount Drawn to Fund Code Acquisition	75,000
Revolver repaid during year related to Code Acquistion	37,000
Code Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	172,815
Current year acquisitions	139,347
Revolver Amount Drawn to Fund Code Acquisition	75,000
Revolver repaid during year related to Code Acquistion	37,000
Code Acquisition \| Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 44,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Code Acquisition \| Trade Names [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years
Code Acquisition \| Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 6,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Magicard Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 56,694
Current year acquisitions	43,235
Magicard Acquisition \| Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 18,303
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years
Magicard Acquisition \| Trade Names [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 567
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	2 years
Magicard Acquisition \| Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 2,837
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Nordic ID Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 9,804
Current year acquisitions	12,584
Nordic ID Acquisition \| Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 3,803
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Nordic ID Acquisition \| Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years

Unaudited Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Net sales	$ 306,130	$ 295,503	$ 265,838	$ 277,227	$ 251,744	$ 265,943	$ 276,665	$ 286,947	$ 1,144,698	$ 1,081,299
Gross margin	147,649	148,847	129,522	135,428	118,506	129,527	139,127	141,405	561,446	528,565	$ 578,678
Operating income (1)	40,802	46,725	37,412	42,188	33,219	22,669	41,244	40,891	167,127	138,023	$ 162,428
Net income	$ 28,027	$ 37,291	$ 30,860	$ 33,481	$ 27,685	$ 13,633	$ 33,553	$ 37,498	$ 129,659	$ 112,369
Class A Nonvoting Common Stock
Earnings (loss) from discontinued operations per Class A Common Share:
Basic	$ 0.54	$ 0.72	$ 0.59	$ 0.64	$ 0.53	$ 0.26	$ 0.63	$ 0.71	$ 2.49	$ 2.13	$ 2.50
Diluted	$ 0.53	$ 0.71	$ 0.59	$ 0.64	$ 0.53	$ 0.26	$ 0.62	$ 0.70	$ 2.47	$ 2.11	$ 2.46

- Definition

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

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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.

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Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

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Amount after tax of income (loss) from continuing operations attributable to the parent.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Subsequent Events Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Subsequent Event [Line Items]
Line of credit, maximum borrowing capacity		$ 400,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends	$ 0.90
Percentage Increase In Dividend	2.30%
Nonvoting Common Stock [Member]
Subsequent Event [Line Items]
Dividends		$ 0.88	$ 0.87	$ 0.85

Schedule II Valuation of Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balances at beginning of period	$ 7,157	$ 5,005	$ 4,471
Additions — Due to acquired businesses	388	0	0
Additions — Charged to expense	803	2,495	587
Deductions - written off	(1,042)	(343)	(53)
Balances at end of period	7,306	7,157	5,005
SEC Schedule, 12-09, Reserve, Inventory [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balances at beginning of period	16,309	13,404	12,582
Additions — Due to acquired businesses	2,957	0	0
Additions — Charged to expense	4,908	5,722	3,168
Deductions - written off	(1,165)	(2,817)	(2,346)
Balances at end of period	23,009	16,309	13,404
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balances at beginning of period	58,809	60,073	56,866
Additions — Due to acquired businesses	1,351	0	0
Additions — Charged to expense	4,168	6,204	5,981
Deductions - written off	(13,259)	(7,468)	(2,774)
Balances at end of period	$ 51,069	$ 58,809	$ 60,073