0000746598-23-000058 | 10-K | XBRL Viewer

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Operating Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
Operating Lease Cost (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Operating Leased Assets [Line Items]
Operating cash outflows from operating leases	$ 17,739	$ 19,005
Operating lease assets obtained in exchange for new operating lease liabilities (1)	$ 12,583	$ 7,607
Weighted average remaining lease term (in years)	2 years 7 months 6 days	2 years 8 months 12 days
Weighted average discount rate	4.30%	3.90%
Cost of Sales [Member]
Operating Leased Assets [Line Items]
Operating Lease Cost	$ 6,589	$ 7,893	$ 8,268
Selling, General and Administrative Expenses [Member]
Operating Leased Assets [Line Items]
Operating Lease Cost	$ 9,424	$ 9,822	$ 8,625

Summary of Significant Accounting Policies Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Accounting Policies [Abstract]
Finished products	$ 103,350	$ 112,323
Work-in-process	26,884	29,272
Raw materials and supplies	46,844	48,428
Inventories	$ 177,078	$ 190,023
Percentage of LIFO Inventory	9.60%	13.30%
Inventory, LIFO Reserve, Effect on Income, Net	$ 11,312	$ 9,900

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Class A Nonvoting Common Stock
Common Stock, Dividends, Per Share, Declared	$ 0.92	$ 0.90	$ 0.88
Class B Voting Common Stock
Common Stock, Dividends, Per Share, Declared	$ 0.90	$ 0.88	$ 0.86

Schedule II Valuation of Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
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	$ 7,355	$ 7,306	$ 7,157
Additions — Due to acquired businesses	0	0	388
Additions — Charged to expense	1,433	859	803
Deductions - written off	(321)	(810)	(1,042)
Balances at end of period	8,467	7,355	7,306
SEC Schedule, 12-09, Reserve, Inventory [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balances at beginning of period	29,877	23,009	16,309
Additions — Due to acquired businesses	0	0	2,957
Additions — Charged to expense	9,580	10,198	4,908
Deductions - written off	(3,602)	(3,330)	(1,165)
Balances at end of period	35,855	29,877	23,009
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	47,276	51,069	58,809
Additions — Due to acquired businesses	0	0	1,351
Additions — Charged to expense	5,852	48	4,168
Deductions - written off	(378)	(3,841)	(13,259)
Balances at end of period	$ 52,750	$ 47,276	$ 51,069

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Business Acquisition [Line Items]
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized			$ 3,164
Payments to Acquire Businesses, Net of Cash Acquired	$ 0	$ 0	243,983
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt			4,668
Code Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			172,815
Magicard Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			56,694
Nordic ID Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 9,804

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Jul. 31, 2023
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 current portion and non-current portion of the liabilities for postretirement medical benefits are included in “Other current liabilities” and “Other liabilities," respectively, on the accompanying Consolidated Balance Sheets as of July 31, 2023 and 2022. 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 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 $18,288 and $18,043 was included in "Other liabilities" in the accompanying Consolidated Balance Sheets as of July 31, 2023 and 2022, 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 $3,717 and $3,644 were included in "Other current liabilities" in the accompanying Consolidated Balance Sheets as of July 31, 2023 and 2022, respectively. The amounts charged to expense for these retirement and profit sharing plans were $15,089, $15,063, and $13,246 during the years ended July 31, 2023, 2022 and 2021, respectively.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,331,863	$ 1,302,062	$ 1,144,698
Long-Lived Assets	826,579	831,664	870,091
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	790,596	764,930	642,268
Long-Lived Assets	524,258	543,187	560,405
OtherCountries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	610,553	613,433	565,956
Long-Lived Assets	302,321	288,477	309,686
Intersegment Eliminations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	(69,286)	(76,301)	(63,526)
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.

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+ Details

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
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	$ 18,288	$ 18,037
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	492	489
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	$ 189	$ 32

Leases

12 Months Ended

Jul. 31, 2023

Leases [Abstract]

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, 2023 and 2022, the Company did not have any finance leases.

Short-term lease expense, variable lease expenses, and sublease income were immaterial to the Consolidated Statements of Income for the year ended July 31, 2023.

The following table summarizes lease expense recognized during the years ended July 31, 2023, 2022 and 2021:


	Consolidated Statements of Income Location	July 31, 2023		July 31, 2022		July 31, 2021
Operating lease cost	Cost of goods sold	$	6,589	$	7,893	$	8,268
Operating lease cost	Selling, general, and administrative expenses	9,424		9,822		8,625

The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2023:


Years ending July 31,	Operating Leases
2024	$	15,696
2025	10,503
2026	4,627
2027	885
2028	211
Thereafter	789
Total lease payments	$	32,711
Less: interest	(1,768)
Present value of lease liabilities	$	30,943

The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2023 and 2022 were as follows:


	July 31, 2023		July 31, 2022
Weighted average remaining lease term (in years)	2.6		2.7
Weighted average discount rate	4.3	%	3.9	%

Supplemental cash flow information related to the Company's operating leases during the years ended July 31, 2023 and 2022 were as follows:


	2023		2022
Operating cash outflows from operating leases	$	17,739	$	19,005
Operating lease assets obtained in exchange for new operating lease liabilities (1)	12,583		7,607

(1) Includes new leases and remeasurements or modifications of existing leases.

The Company evaluates right-of-use assets for impairment in the same manner as long-lived assets. No impairment charges were recorded during the years ended July 31, 2023, 2022 or 2021.

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jul. 31, 2023	Aug. 31, 2023	Jan. 31, 2023
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, 2023
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2023
Entity Address, Address Line One	6555 West Good Hope Road
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
City Area Code	414
Local Phone Number	358-6600
Entity Address, Postal Zip Code	53223
Entity File Number	1-14959
Entity Incorporation, State or Country Code	WI
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			$ 2,362,342,797
Document Annual Report	true
Document Transition Report	false
Class A Nonvoting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		44,825,183
Class B Voting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

Stockholders' Equity (Tables)

12 Months Ended

Jul. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Capital Stock

Information as to the Company’s capital stock as of July 31, 2023 and 2022 was as follows:


	July 31, 2023				July 31, 2022
	Shares Authorized	Shares Issued	Amount (thousands)		Shares Authorized	Shares Issued	Amount (thousands)
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' Equity

The following is a summary of other activity in stockholders’ equity during the years ended July 31, 2023, 2022, and 2021:


	Deferred Compensation		Shares Held in Rabbi Trust, at cost		Total
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
Sale of shares at cost	$	(721)	$	721	$	—
Purchase of shares at cost	1,242		(1,242)		—
Balances at July 31, 2022	$	11,055	$	(11,055)	$	—
Shares at July 31, 2022	318,285		318,285
Sale of shares at cost	$	(739)	$	739	$	—
Purchase of shares at cost	1,067		(1,067)		—
Balances at July 31, 2023	$	11,383	$	(11,383)	$	—
Shares at July 31, 2023	318,198		318,198

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	2023		2022		2021
Expected term (in years)	5.71		6.23		6.21
Expected volatility	29.64	%	30.04	%	30.71	%
Expected dividend yield	2.01	%	2.26	%	2.49	%
Risk-free interest rate	3.66	%	1.27	%	0.38	%

Schedule of Stock Option Activity

The following is a summary of stock option activity for the year ended July 31, 2023:


Time-Based Options	Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding as of July 31, 2022	1,591,525	$	41.57
Granted	158,416	43.82
Exercised	(125,800)	35.60
Forfeited	(77,358)	46.16
Outstanding as of July 31, 2023	1,546,783	$	42.05	5.8	$	14,787
Exercisable as of July 31, 2023	1,201,223	41.08		5.1	$	12,783

The following table summarizes additional stock option information:


	2023		2022		2021
Weighted-average fair value of options granted during the period	$	12.14	$	11.55	$	8.65
Intrinsic value of options exercised during the period (in thousands)	1,822		4,269		1,477
Fair value of options vested during the period (in thousands)	3,384		2,446		2,371
Cash received from the exercise of stock options during the period (in thousands)	4,091		1,082		1,765
Tax benefit on options exercised during the period (in thousands)	455		1,067		369

Schedule of RSU Activity

The following tables summarize the RSU activity during the year ended July 31, 2023:


RSUs	Shares	Weighted Average Grant Date Fair Value
Non-vested RSUs as of July 31, 2022	173,230	$	47.45
Granted	68,624	45.22
Vested	(83,155)	47.25
Forfeited	(24,831)	46.81
Non-vested RSUs as of July 31, 2023	133,868	$	46.55

Schedule of Share-Based Payment Award, Performance Shares, Valuation Assumptions

The PRSUs granted during the year ended July 31, 2023 had a fair value determined by a third-party valuation utilizing a Monte Carlo simulation for the portion of the grant with a market value condition and the portion of the grant with a performance condition had a fair value determined by the average of the high and low stock price on the date of grant.


Monte Carlo Valuation Assumptions	2023		2022		2021
Expected volatility	34.8	%	34.7	%	32.6	%
Risk-free interest rate	2.8	%	0.3	%	0.1	%

Schedule of PRSU Activity

The following tables summarize the PRSU activity during the year ended July 31, 2023:


PRSUs	Shares	Weighted Average Grant Date Fair Value
Non-vested PRSUs as of July 31, 2022	79,134	$	66.79
Granted	44,110	55.77
Vested	(18,959)	75.00
Forfeited	(40,837)	64.12
Non-vested PRSUs as of July 31, 2023	63,448	$	58.39

- 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.

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+ Details

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Current income tax expense:
United States	$ 26,324	$ 8,639	$ 16,322
Other Nations	31,093	31,851	26,141
States (U.S.)	5,894	3,156	2,112
Total current income tax expense	63,311	43,646	44,575
Deferred income tax (benefit) expense:
United States	(10,577)	970	(2,662)
Other Nations	251	(2,377)	(5,938)
States (U.S.)	(2,146)	(238)	(365)
Total deferred income tax (benefit) expense	(12,472)	(1,645)	(8,965)
Income Tax Expense (Benefit), Continuing Operations	$ 50,839	$ 42,001	$ 35,610

Fair Value Measurements (Tables)

12 Months Ended

Jul. 31, 2023

Fair Value Disclosures [Abstract]

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

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, 2023 and July 31, 2022, according to the valuation techniques the Company used to determine their fair values.


	July 31, 2023		July 31, 2022		Fair Value Hierarchy
Assets:
Deferred compensation plan assets	$	18,288	$	18,037	Level 1
Foreign exchange contracts	492		489		Level 2
Liabilities:
Foreign exchange contracts	$	189	$	32	Level 2

Debt (Tables)

12 Months Ended

Jul. 31, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

As of July 31, 2023 and 2022, borrowings on the credit agreement were as follows:


	July 31, 2023				July 31, 2022
	Amount Outstanding (thousands)		Weighted Average Interest Rate		Amount Outstanding (thousands)		Weighted Average Interest Rate
USD-denominated borrowing	$	13,000	6.3	%	$	95,000	2.7	%
British Pound-denominated borrowing	£	8,000	5.8	%	£	—	—	%
Euro-denominated borrowing	€	24,000	4.4	%	€	—	—	%

Summary of Significant Accounting Policies Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Property, Plant and Equipment [Line Items]
Land	$ 12,273	$ 11,916
Buildings and improvements	130,004	123,619
Machinery and equipment	282,870	268,527
Construction in progress	9,682	7,825
Property, plant and equipment—gross	434,829	411,887
Accumulated depreciation	(292,680)	(272,376)
Property, plant and equipment—net	142,149	139,511
Depreciation	$ 20,631	$ 19,216	$ 18,406
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

Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2023

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,
	2023		2022		2021
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	174,857	$	149,979	$	129,659
Less:
Preferential dividends	(769)		(803)		(807)
Preferential dividends on dilutive stock options	(3)		(8)		(5)
Numerator for basic and diluted income per Class B Voting Common Share	$	174,085	$	149,168	$	128,847
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	49,591		51,321		52,039
Plus: Effect of dilutive equity awards	278		330		370
Denominator for diluted income per share for both Class A and Class B	49,869		51,651		52,409
Net income per Class A Nonvoting Common Share:
Basic	$	3.53	$	2.92	$	2.49
Diluted	$	3.51	$	2.90	$	2.47
Net income per Class B Voting Common Share:
Basic	$	3.51	$	2.91	$	2.48
Diluted	$	3.49	$	2.89	$	2.46

Derivative Notional Amounts (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Derivative [Line Items]
Derivative, Notional Amount	$ 44,464	$ 29,333
Designated as hedging instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	39,661	25,276
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 4,803	$ 4,057

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Current assets:
Cash and cash equivalents	$ 151,532	$ 114,069
Accounts receivable, net of allowance for credit losses of $8,467 and $7,355, respectively	184,420	183,233
Inventories	177,078	190,023
Prepaid expenses and other current assets	11,790	10,743
Total current assets	524,820	498,068
Assets, Noncurrent
Property, plant and equipment—net	142,149	139,511
Goodwill	592,646	586,832
Other intangible assets	62,096	74,028
Deferred income taxes	15,716	15,881
Operating lease assets	29,688	31,293
Other assets	22,142	21,719
Total	1,389,257	1,367,332
Current liabilities:
Accounts payable	79,855	81,116
Accrued compensation and benefits	71,470	76,764
Taxes, other than income taxes	13,575	12,539
Accrued income taxes	12,582	8,294
Current operating lease liabilities	14,726	15,003
Other current liabilities	65,828	61,458
Total current liabilities	258,036	255,174
Other Long-Term Debt, Noncurrent	49,716	95,000
Liabilities, Noncurrent
Long-term operating lease liabilities	16,217	19,143
Other liabilities	74,369	86,717
Total liabilities	398,338	456,034
Stockholders’ equity:
Common Stock, Value, Issued	548	548
Additional paid-in capital	351,771	345,266
Retained earnings	1,021,870	892,417
Treasury stock — 6,252,763 and 4,890,779 shares, respectively, of Class A nonvoting common stock, at cost	(290,209)	(217,856)
Accumulated other comprehensive loss	(93,061)	(109,077)
Total stockholders’ equity	990,919	911,298
Total	1,389,257	1,367,332
Class A Nonvoting Common Stock
Stockholders’ equity:
Common Stock, Value, Issued	513	513
Class B Voting Common Stock
Stockholders’ equity:
Common Stock, Value, Issued	$ 35	$ 35

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Jul. 31, 2023

Jul. 31, 2022

Jul. 31, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


Pay Versus Performance Table (1) (2)
	Summary Compensation Table Total for PEO ($)				Compensation Actually Paid to PEO ($) (3)				Avg. Summary Compensation Table total for non-PEO NEOs ($)		Avg. Compensation Actually Paid to non-PEO NEOs ($) (3)		Value of Initial Fixed $100 Investment Based On:				Net Income (in thousands)		Operating Income (in thousands)
Year	Russell R. Shaller		J. Michael Nauman		Russell R. Shaller		J. Michael Nauman						Total Shareholder Return ($) (4)		Peer Group Total Shareholder Return ($) (4)
2023	$	3,242,497	$	—	$	3,538,707	$	—	$	1,451,355	$	1,168,258	$	119	$	179	$	174,857	$	225,213
2022	3,968,554		5,196,015		3,495,286		1,943,107		1,033,900		737,420		108		151		149,979		193,012
2021	—		6,006,185		—		7,053,521		1,454,883		1,664,845		121		151		129,659		167,127

Company Selected Measure Name

Operating Income

Named Executive Officers, Footnote

The Company's non-PEO NEOs for each fiscal year were as follows:

2023: Ann E. Thornton, Olivier Bojarski, Bentley N. Curran, Andrew T. Gorman, Pascal Deman, and Aaron J. Pearce

2022: Aaron J. Pearce, Bentley N. Curran, Pascal Deman, Andrew T. Gorman, and Helena R. Nelligan

2021: Aaron J. Pearce, Bentley N. Curran, Helena R. Nelligan, and Russell R. Shaller

Peer Group Issuers, Footnote

The Peer Group TSR set forth in this table utilizes the S&P SmallCap 600 Industrials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities above. The comparison assumes $100 was invested for the period starting July 31, 2019, through the end of the listed year in the Company and in the S&P SmallCap 600 Industrials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

Adjustment To PEO Compensation, Footnote

Reconciliation of PEO SCT Total to CAP Reconciliation


Year	PEO Name	SCT Total		Less: Reported Value of Equity Awards (1)		Plus: Equity Award Adjustments (2)		CAP to PEO
2023	Russell R. Shaller	$	3,242,497	$	1,164,390	$	1,460,600	$	3,538,707
2022	Russell R. Shaller	3,968,554		2,608,892		2,135,624		3,495,286
2022	J. Michael Nauman	5,196,015		3,319,962		67,054		1,943,107
2021	J. Michael Nauman	6,006,185		3,303,853		4,351,189		7,053,521

(1)The reported value of equity awards represents the grant date fair value of equity-based awards granted each year. The total of the amounts reported in this column are the totals from the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for each applicable year.

(2)The equity award adjustments reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. These equity award adjustments are set forth in the PEO Equity Award Adjustments table below. For the equity values included in the below table, the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

PEO Equity Award Adjustments


Year	PEO Name	Fair Value of Outstanding and Unvested Equity Awards Granted in the Year		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards		Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		Fair Value of Awards Granted in Prior Years that were Forfeited During the Year		Incremental Fair Value of Awards Modified During the Year		Equity Award Adjustments
2023	Russell R. Shaller	$	1,097,234	$	278,966	$	84,400	$	—	$	—	$	1,460,600
2022	Russell R. Shaller	2,561,417		(326,071)		(99,722)		—		—		2,135,624
2022	J. Michael Nauman	1,854,533		(1,058,794)		(385,483)		(343,202)		—		67,054
2021	J. Michael Nauman	4,429,964		286,408		(365,183)		—		—		4,351,189

Non-PEO NEO Average Total Compensation Amount

$ 1,451,355

$ 1,033,900

$ 1,454,883

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,168,258

737,420

1,664,845

Adjustment to Non-PEO NEO Compensation Footnote

Reconciliation of non-PEO NEOs (average) SCT Total to CAP Reconciliation


Year	SCT Total		Less: Reported Value of Equity Awards (1)		Plus: Equity Award Adjustments (2)		CAP to NEO (average)
2023	$	1,451,355	$	660,855	$	377,758	$	1,168,258
2022	1,033,900		381,363		84,883		737,420
2021	1,454,883		571,339		781,301		1,664,845

Non-PEO NEOs (average) Equity Award Adjustments


Year	Fair Value of Outstanding and Unvested Equity Awards Granted in the Year		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards		Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		Fair Value of Awards Granted in Prior Years that were Forfeited During the Year		Incremental Fair Value of Awards Modified During the Year		Equity Award Adjustments
2023	$	217,810	$	12,409	$	(8,435)	$	(108,981)	$	264,955	$	377,758
2022	307,242		(128,663)		(50,433)		(43,263)		—		84,883
2021	766,068		86,768		(71,535)		—		—		781,301

Compensation Actually Paid vs. Total Shareholder Return

Description of Relationship Between NEO CAP and Company TSR

The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other NEOs, and the Company’s cumulative TSR over the three-year period from fiscal 2021 through fiscal 2023.

https://cdn.kscope.io/b872d7244d2dd9a16c3bd04ff5f01490-TSR.jpg

Compensation Actually Paid vs. Net Income

Description of Relationship Between NEO CAP and Net Income

The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other NEOs, and our net income during fiscal 2021 through 2023.

https://cdn.kscope.io/b872d7244d2dd9a16c3bd04ff5f01490-Net Income.jpg

Compensation Actually Paid vs. Company Selected Measure

Description of Relationship Between NEO CAP and Operating Income

The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other NEOs, and our operating income during fiscal 2021 through 2023.

https://cdn.kscope.io/b872d7244d2dd9a16c3bd04ff5f01490-Operating Income.jpg

Total Shareholder Return Vs Peer Group

Description of Relationship Between Company TSR and Peer Group TSR

The following chart compares our cumulative TSR over the three-year period from 2020 through 2022 to that of the S&P SmallCap 600 Industrials Index.

https://cdn.kscope.io/b872d7244d2dd9a16c3bd04ff5f01490-TSRs compared.jpg

Tabular List, Table


Most Important Performance Measures
Operating Income
Organic Sales Growth
Total Shareholder Return
Earnings Per Share

Total Shareholder Return Amount

$ 119

108

121

Peer Group Total Shareholder Return Amount

179

151

Net income

$ 174,857,000

$ 149,979,000

$ 129,659,000

Company Selected Measure Amount

225,213,000

193,012,000

167,127,000

Measure:: 1

Pay vs Performance Disclosure

Name

Operating Income

Measure:: 2

Pay vs Performance Disclosure

Name

Organic Sales Growth

Measure:: 3

Pay vs Performance Disclosure

Name

Total Shareholder Return

Measure:: 4

Pay vs Performance Disclosure

Name

Earnings Per Share

Russell R. Shaller [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 3,242,497

$ 3,968,554

$ 0

PEO Actually Paid Compensation Amount

$ 3,538,707

3,495,286

PEO Name

Russell R. Shaller

J. Michael Nauman [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 0

5,196,015

6,006,185

PEO Actually Paid Compensation Amount

$ 0

1,943,107

7,053,521

PEO Name

J. Michael Nauman

PEO | Russell R. Shaller [Member] | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 1,164,390

2,608,892

PEO | Russell R. Shaller [Member] | Equity Award Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,460,600

2,135,624

PEO | J. Michael Nauman [Member] | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,319,962

3,303,853

PEO | J. Michael Nauman [Member] | Equity Award Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

67,054

4,351,189

Non-PEO NEO | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

660,855

381,363

571,339

Non-PEO NEO | Equity Award Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 377,758

$ 84,883

$ 781,301

Segment Information Net Sales by Products and Services (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Revenue from External Customer [Line Items]
Net sales	$ 1,331,863	$ 1,302,062	$ 1,144,698
Identification Solutions
Revenue from External Customer [Line Items]
Net sales	1,045,891	1,010,883	841,508
Workplace Safety
Revenue from External Customer [Line Items]
Net sales	$ 285,972	$ 291,179	$ 303,190

- Definition

+ References

+ Details

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2020
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Tax at statutory rate	21.00%	21.00%	21.00%
International rate differential (1)	1.70%	4.20%	2.30%
Adjustments to tax accruals and reserves	0.20%	(0.10%)	3.30%
Research and development tax credits	(1.30%)	(1.60%)	(1.60%)
Valuation allowance against foreign tax credits and foreign net operating loss carry-forwards	1.20%	(1.20%)	(4.80%)
Deferred tax and other adjustments, net	(0.30%)	(0.40%)	0.60%
Income tax rate	22.50%	21.90%	20.80%
Operating Loss Carryforwards [Line Items]
Foreign operating loss-carryforward expiration dates	2024 to fiscal 2040
State Net Operating Loss Carryforwards Expiration Dates	2032
Foreign Tax Credit Carryforward Expiration Dates	2024 to fiscal 2033
State Research And Development Tax Credit Carryforward Expiration Dates	2024 to fiscal 2038
Unrecognized Tax Benefits	$ 20,899	$ 20,564	$ 21,912	$ 13,622
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	17,811
Unrecognized Tax Benefits Recognized In Other Liabilities	17,587	17,689
Reduction Of Longterm Deferred Income Tax Assets Excluding Interest and Penalties	3,312	2,875
Unrecognized Tax Benefits, Interest on Income Taxes Expense	(700)	(701)	(596)
Unrecognized Tax Benefits, Income Tax Penalties Expense	281	82	(595)
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	3,581	2,878
Unrecognized Tax Benefits, Income Tax Penalties Accrued	1,674	1,925
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	2,608
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	3,771
Unrecognized Tax Benefits, Income Tax Penalties Expense	$ 281	$ 82	$ (595)
Internal Revenue Service (IRS) [Member] \| Earliest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Open Tax Year	2020
Internal Revenue Service (IRS) [Member] \| Tax Year 2019 [Member]
Operating Loss Carryforwards [Line Items]
Open Tax Year	2023
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 95,141
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	76,902
Other Tax Carryforward, Gross Amount	20,153
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	22,424
Other Tax Carryforward, Gross Amount	$ 13,151

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 174,857	$ 149,979	$ 129,659
Other comprehensive income (loss):
Foreign currency translation adjustments	16,009	(53,402)	10,266
Cash flow hedges:
Net gain recognized in other comprehensive income (loss)	2,680	1,282	1,451
Reclassification adjustment for gains included in net income	(2,140)	(909)	(399)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax, Total	540	373	1,052
Pension and other post-retirement benefits:
Net (loss) gain recognized in other comprehensive income (loss)	(465)	424	0
Net actuarial gain amortization	(417)	(1,043)	(388)
Other Comprehensive (Income) Loss, Pension and other Post-retirement Benefits, after Reclassification Adjustment, before Tax, total	(882)	(619)	(388)
Other comprehensive income (loss), before tax	15,667	(53,648)	10,930
Income tax benefit (expense) related to items of other comprehensive income (loss)	349	524	(406)
Other comprehensive income (loss), net of tax	16,016	(53,124)	10,524
Comprehensive income	$ 190,873	$ 96,855	$ 140,183

Stockholders' Equity

12 Months Ended

Jul. 31, 2023

Stockholders' Equity Note [Abstract]

Stockholder's Equity

Stockholders' Equity

Information as to the Company’s capital stock as of July 31, 2023 and 2022 was as follows:


	July 31, 2023				July 31, 2022
	Shares Authorized	Shares Issued	Amount (thousands)		Shares Authorized	Shares Issued	Amount (thousands)
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 $0.8333 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 $0.8333 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 during the years ended July 31, 2023, 2022, and 2021:


	Deferred Compensation		Shares Held in Rabbi Trust, at cost		Total
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
Sale of shares at cost	$	(721)	$	721	$	—
Purchase of shares at cost	1,242		(1,242)		—
Balances at July 31, 2022	$	11,055	$	(11,055)	$	—
Shares at July 31, 2022	318,285		318,285
Sale of shares at cost	$	(739)	$	739	$	—
Purchase of shares at cost	1,067		(1,067)		—
Balances at July 31, 2023	$	11,383	$	(11,383)	$	—
Shares at July 31, 2023	318,198		318,198

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, 2023, 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"), performance-based restricted stock units ("PRSUs"), 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. The majority of the Company’s annual share-based awards are granted in the first quarter of the fiscal year.

As of July 31, 2023, the Company has reserved 1,744,099 shares of Class A Nonvoting Common Stock for outstanding stock options and RSUs and 2,477,505 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 during the years ended July 31, 2023, 2022, and 2021, was $7,508, $10,504, and $10,098, respectively. The total income tax benefit recognized in the consolidated statements of income was $1,497, $507 and $555 during the years ended July 31, 2023, 2022, and 2021, respectively.

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 years ended July 31, 2023, 2022, and 2021, 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	2023		2022		2021
Expected term (in years)	5.71		6.23		6.21
Expected volatility	29.64	%	30.04	%	30.71	%
Expected dividend yield	2.01	%	2.26	%	2.49	%
Risk-free interest rate	3.66	%	1.27	%	0.38	%

The following is a summary of stock option activity for the year ended July 31, 2023:


Time-Based Options	Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding as of July 31, 2022	1,591,525	$	41.57
Granted	158,416	43.82
Exercised	(125,800)	35.60
Forfeited	(77,358)	46.16
Outstanding as of July 31, 2023	1,546,783	$	42.05	5.8	$	14,787
Exercisable as of July 31, 2023	1,201,223	41.08		5.1	$	12,783

The following table summarizes additional stock option information:


	2023		2022		2021
Weighted-average fair value of options granted during the period	$	12.14	$	11.55	$	8.65
Intrinsic value of options exercised during the period (in thousands)	1,822		4,269		1,477
Fair value of options vested during the period (in thousands)	3,384		2,446		2,371
Cash received from the exercise of stock options during the period (in thousands)	4,091		1,082		1,765
Tax benefit on options exercised during the period (in thousands)	455		1,067		369

As of July 31, 2023, total unrecognized compensation cost related to options that are expected to vest was $1,192 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 1.9 years.

RSUs

RSUs issued under the plan have a grant date fair value equal to the market price of the Company's stock at the date of grant and generally vest ratably over three years, with one-third vesting one year after the grant date and one-third additional in each of the succeeding two years.

The following tables summarize the RSU activity during the year ended July 31, 2023:


RSUs	Shares	Weighted Average Grant Date Fair Value
Non-vested RSUs as of July 31, 2022	173,230	$	47.45
Granted	68,624	45.22
Vested	(83,155)	47.25
Forfeited	(24,831)	46.81
Non-vested RSUs as of July 31, 2023	133,868	$	46.55

The RSUs granted during the years ended July 31, 2022 and 2021, had a weighted-average grant-date fair value of $48.96 and $40.82, respectively.

The total fair value of time-based RSUs vested during the years ended July 31, 2023, 2022 and 2021, was $3,734, $3,669, and $2,894, respectively.

As of July 31, 2023, total unrecognized compensation cost related to RSUs that are expected to vest was $2,511 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 1.9 years.

PRSUs

PRSUs are contingent on the achievement of predetermined market and performance targets. The PRSUs granted under the plan vest at the end of a three-year performance period provided the specified market and performance targets are met. For the PRSUs granted during the years ended July 31, 2023 and 2022, the vesting criteria for 50% of the grant is based upon the Company's total shareholder return ("TSR") relative to the S&P 600 SmallCap Industrials Index over a three-year performance period, and the vesting criteria for the remaining 50% of the grant is based upon Company revenue targets. All other previously granted non-vested PRSUs vest based upon the Company's TSR relative to the S&P 600 SmallCap Industrials Index.


Monte Carlo Valuation Assumptions	2023		2022		2021
Expected volatility	34.8	%	34.7	%	32.6	%
Risk-free interest rate	2.8	%	0.3	%	0.1	%

The following tables summarize the PRSU activity during the year ended July 31, 2023:


PRSUs	Shares	Weighted Average Grant Date Fair Value
Non-vested PRSUs as of July 31, 2022	79,134	$	66.79
Granted	44,110	55.77
Vested	(18,959)	75.00
Forfeited	(40,837)	64.12
Non-vested PRSUs as of July 31, 2023	63,448	$	58.39

The PRSUs granted during the year ended July 31, 2022 and 2021, had a weighted-average grant-date fair value of $61.76 and $60.73, respectively. The total fair value of PRSUs vested during the years ended July 31, 2023, 2022 and 2021, was $889, $4,098, and $3,273, respectively.

As of July 31, 2023, total unrecognized compensation cost related to PRSUs that are expected to vest was $1,236 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 2.0 years.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Stockholders' Equity - Schedule of Other Activity in Stockholders' Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2020
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	(739)	(721)	(277)
Purchase Of Shares At Cost	(1,067)	(1,242)	(1,472)
Ending Balance, Other Stockholders Equity	$ (11,383)	$ (11,055)	$ (10,534)	$ (9,339)
Ending Balance, Other Stockholders Equity Shares	318,198	318,285	315,916	292,329
Deferred Compensation [Member]
Class of Stock [Line Items]
Sale Of Shares At Cost	$ (739)	$ (721)	$ (277)
Purchase Of Shares At Cost	(1,067)	(1,242)	(1,472)
Ending Balance, Other Stockholders Equity	$ 11,383	$ 11,055	$ 10,534	$ 9,339
Ending Balance, Other Stockholders Equity Shares	318,198	318,285	315,916	292,329

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Jul. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On September 4, 2023, the Company announced an increase in the annual dividend to shareholders of the Company's Class A Common Stock, from $0.92 to $0.94 per share. A quarterly dividend of $0.235 will be paid on October 31, 2023, to shareholders of record at the close of business on October 10, 2023. This dividend represents an increase of 2.2% and is the 38th consecutive annual increase in dividends. On August 30, 2023, the Company's Board of Directors authorized an increase in the Company's share repurchase program, authorizing the repurchase of an additional $100.0 million of the Company's Class A Nonvoting Common Stock. The share repurchase program may be implemented from time to time on the open market or in privately negotiated transactions and has no expiration date. The repurchased shares will be available for use in connection with the Company's stock-based plans and for other corporate purposes.

Goodwill (Tables)

12 Months Ended

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2023 and 2022, were as follows:


	IDS		WPS		Americas & Asia		Europe & Australia		Total
Balance as of July 31, 2021	$	578,935	$	35,202	$	—	$	—	$	614,137
Working capital adjustment	(693)		—		—		—		(693)
Translation adjustments	(22,091)		(4,521)		—		—		(26,612)
Balance as of July 31, 2022	$	556,151	$	30,681	$	—	$	—	$	586,832
Translation adjustments	3,319		625		1,079		2,745		7,768
Reallocation due to change in segments	(559,470)		(31,306)		442,290		148,486		—
Divestiture of business	—		—		(1,954)		—		(1,954)
Balance as of July 31, 2023	$	—	$	—	$	441,415	$	151,231	$	592,646

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Stockholders' Equity - Valuation Assumptions (Details)	12 Months Ended
Stockholders' Equity - Valuation Assumptions (Details)	Jul. 31, 2023 Rate	Jul. 31, 2022 Rate	Jul. 31, 2021 Rate
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years 8 months 15 days	6 years 2 months 23 days	6 years 2 months 15 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	29.64%	30.04%	30.71%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.01%	2.26%	2.49%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	3.66%	1.27%	0.38%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	34.80%	34.70%	32.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.80%	0.30%	0.10%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)(3)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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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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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 11,739	$ 14,966	$ 7,077
Finite-Lived Intangible Asset, Expected Amortization, Year One	9,481
Finite-Lived Intangible Asset, Expected Amortization, Year Two	9,156
Finite-Lived Intangible Asset, Expected Amortization, Year Three	8,279
Finite-Lived Intangible Assets, Amortization Expense, Year Four	7,769
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 7,360

Income Taxes

12 Months Ended

Jul. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

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


	Years Ended July 31,
	2023		2022		2021
United States	$	92,053	$	92,985	$	59,504
Other Nations	133,643		98,995		111,519
Total	$	225,696	$	191,980	$	171,023

The increase in income before income taxes and losses of unconsolidated affiliates in Other Nations to $133,643 in fiscal 2023 from $98,995 in fiscal 2022 was primarily due to intercompany royalty payments to the United States that occurred in fiscal 2022 which reduced Other Nations income before income taxes and losses of unconsolidated affiliate by $32,857.

The decrease in income before income taxes and losses of unconsolidated affiliate in Other Nations to $98,995 in fiscal 2022 from $111,519 in fiscal 2021 was primarily due to intercompany royalty payments to the United States that occurred in fiscal 2022 which reduced Other Nations income before income taxes and losses of unconsolidated affiliate by $32,857. This was partially offset by improved profitability in Other Nations in fiscal 2022 compared to fiscal 2021.

Income tax expense consists of the following:


	Years Ended July 31,
	2023		2022		2021
Current income tax expense:
United States	$	26,324	$	8,639	$	16,322
Other Nations	31,093		31,851		26,141
States (U.S.)	5,894		3,156		2,112
	$	63,311	$	43,646	$	44,575
Deferred income tax (benefit) expense:
United States	$	(10,577)	$	970	$	(2,662)
Other Nations	251		(2,377)		(5,938)
States (U.S.)	(2,146)		(238)		(365)
	$	(12,472)	$	(1,645)	$	(8,965)
Total income tax expense	$	50,839	$	42,001	$	35,610

The tax effects of temporary differences are as follows as of July 31, 2023 and 2022:


	July 31, 2023
	Assets		Liabilities		Total
Inventories	$	8,526	$	(64)	$	8,462
Employee compensation and benefits	8,556		—		8,556
Accounts receivable	2,202		—		2,202
Fixed assets	3,118		(9,238)		(6,120)
Intangible assets	760		(49,267)		(48,507)
Capitalized R&D expenditures	9,986		—		9,986
Deferred and equity-based compensation	9,937		—		9,937
Postretirement benefits	2,683		(100)		2,583
Tax credit and net operating loss carry-forwards	51,387		—		51,387
Valuation allowances	(52,750)		—		(52,750)
Other, net	19,826		(4,798)		15,028
Total	$	64,231	$	(63,467)	$	764


	July 31, 2022
	Assets		Liabilities		Total
Inventories	$	8,112	$	(54)	$	8,058
Employee compensation and benefits	8,146		—		8,146
Accounts receivable	2,105		—		2,105
Fixed assets	3,177		(9,618)		(6,441)
Intangible assets	859		(50,095)		(49,236)
Deferred and equity-based compensation	9,221		—		9,221
Postretirement benefits	2,301		—		2,301
Tax credit and net operating loss carry-forwards	49,006		—		49,006
Valuation allowances	(47,276)		—		(47,276)
Other, net	17,919		(5,226)		12,693
Total	$	53,570	$	(64,993)	$	(11,423)

Tax credit carry-forwards as of July 31, 2023 consist of the following:

•Foreign net operating loss carry-forwards of $95,141, of which $76,902 have no expiration date and the remainder of which expire from fiscal 2024 to fiscal 2040.

•State net operating loss carry-forwards of $22,424, which expire in fiscal 2032.

•Foreign tax credit carry-forwards of $20,153, which expire from fiscal 2024 to fiscal 2033.

•State credit carry-forwards of $13,151, which expire from fiscal 2024 to fiscal 2038.

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,
	2023		2022		2021
Tax at statutory rate	21.0	%	21.0	%	21.0	%
International rate differential (1)	1.7	%	4.2	%	2.3	%
Adjustments to tax accruals and reserves	0.2	%	(0.1)	%	3.3	%
Research and development tax credits	(1.3)	%	(1.6)	%	(1.6)	%
Valuation allowance against foreign tax credits and foreign net operating loss carry-forwards	1.2	%	(1.2)	%	(4.8)	%
Deferred tax and other adjustments, net	(0.3)	%	(0.4)	%	0.6	%
Income tax rate	22.5	%	21.9	%	20.8	%

(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2023, 2022, and 2021.

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, 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
Additions based on tax positions related to the current year	3,233
Additions for tax positions of prior years	435
Reductions for tax positions of prior years	(122)
Lapse of statute of limitations	(3,226)
Settlements with tax authorities	(1,129)
Cumulative translation adjustments and other	(539)
Balance as of July 31, 2022	$	20,564
Additions based on tax positions related to the current year	2,902
Additions for tax positions of prior years	792
Reductions for tax positions of prior years	(19)
Lapse of statute of limitations	(2,682)

Settlements with tax authorities	(782)
Cumulative translation adjustments and other	124
Balance as of July 31, 2023	$	20,899

(1)Includes acquisitions.

Of the $20,899 of unrecognized tax benefits, if recognized, $17,811 would affect the Company's income tax rate. The Company has classified $17,587 and $17,689, excluding interest and penalties, of the reserve for uncertain tax positions in "Other liabilities" on the Consolidated Balance Sheets as of July 31, 2023 and 2022, respectively. The Company has classified $3,312 and $2,875, excluding interest and penalties, as a reduction of long-term deferred income tax assets on the accompanying Consolidated Balance Sheets as of July 31, 2023 and 2022, 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 of $700, $701, and $596 on the reserve for uncertain tax positions during the years ended July 31, 2023, 2022, and 2021, respectively. The Company also recognized benefits and (expenses) related to penalties of $281, $82, and ($595) during the years ended July 31, 2023, 2022, and 2021, respectively. These amounts are net of reversals due to reductions for tax positions of prior years, statute of limitations, and settlements. At July 31, 2023 and 2022, the Company had $3,581 and $2,878, 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, 2023 and 2022, the Company had $1,674 and $1,925, 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 $2,608 during the year ending July 31, 2023 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, 2023, the Company recognized $3,771 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’20 — F’23

- 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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2025	Jul. 31, 2024	Jul. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 1,244
Contract with Customer, Liability	$ 2,757			$ 2,675
Forecast [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage		27.00%	41.00%

Accumulated Other Comprehensive Loss

12 Months Ended

Jul. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Other comprehensive loss consists of foreign currency translation adjustments which includes net investment hedges and long-term intercompany loan translation adjustments, unrealized gains 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 on cash flow hedges		Unamortized gain on postretirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Ending balance, July 31, 2021	$	729	$	1,888	$	(58,570)	$	(55,953)
Other comprehensive income (loss) before reclassification	907		326		(52,897)		(51,664)
Amounts reclassified from accumulated other comprehensive loss	(682)		(778)		—		(1,460)
Ending balance, July 31, 2022	$	954	$	1,436	$	(111,467)	$	(109,077)
Other comprehensive income (loss) before reclassification	2,292		(352)		16,009		17,949
Amounts reclassified from accumulated other comprehensive loss	(1,605)		(328)		—		(1,933)
Ending balance, July 31, 2023	$	1,641	$	756	$	(95,458)	$	(93,061)

The decrease in accumulated other comprehensive loss as of July 31, 2023 compared to July 31, 2022 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, 2023 and 2022, 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 benefit (expense) on the components of other comprehensive (loss) income:


	Years Ended July 31,
	2023		2022		2021
Income tax benefit (expense) related to items of other comprehensive income (loss):
Cash flow hedges	$	147	$	(148)	$	(123)
Pension and other post-retirement benefits	202		167		95
Other income tax adjustments and currency translation	—		505		(378)
Income tax benefit (expense) related to items of other comprehensive income (loss)	$	349	$	524	$	(406)

Derivatives and Hedging Activities (Tables)

12 Months Ended

Jul. 31, 2023

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, 2023 and 2022:


	July 31, 2023		July 31, 2022
Designated as cash flow hedges	$	39,661	$	25,276
Non-designated hedges	4,803		4,057
Total foreign exchange contracts	$	44,464	$	29,333

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 hedging instruments:


	July 31, 2023		July 31, 2022		July 31, 2021
Gains (losses) recognized in OCI:
Forward exchange contracts (cash flow hedges)	$	2,680	$	1,282	$	1,451
Foreign currency denominated debt (net investment hedges)	(1,746)		—		—
Gains reclassified from OCI into cost of goods sold:
Forward exchange contracts (cash flow hedges)	2,140		909		399

Schedule of the Fair Value by Balance Sheet Grouping

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


	July 31, 2023						July 31, 2022
	Prepaid expenses and other current assets		Other current liabilities		Long-term obligations		Prepaid expenses and other current assets		Other current liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	485	$	189	$	—	$	489	$	30
Foreign currency denominated debt (net investment hedges)	—		—		36,716		—		—
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	7		—		—		—		2
Total derivative instruments	$	492	$	189	$	36,716	$	489	$	32

Segment Information (Tables)

12 Months Ended

Jul. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The following is a summary of segment information as of and for the years ended July 31, 2023, 2022 and 2021:


	2023		2022		2021
Net sales:
Americas & Asia:
Americas	$	787,426	$	750,391	$	635,714
Asia	101,431		110,693		99,868
Total	$	888,857	$	861,084	$	735,582
Europe & Australia:
Europe	387,743		388,618		355,096
Australia	55,263		52,360		54,020
Total	$	443,006	$	440,978	$	409,116
Total Company	$	1,331,863	$	1,302,062	$	1,144,698
Depreciation & amortization:
Americas & Asia	$	25,269	$	26,950	$	20,649
Europe & Australia	7,101		7,232		4,834
Total Company	$	32,370	$	34,182	$	25,483
Segment profit:
Americas & Asia	$	180,503	$	157,307	$	136,635
Europe & Australia	65,742		63,058		55,357
Total Company	$	246,245	$	220,365	$	191,992
Assets:
Americas & Asia	$	829,562	$	868,922	$	829,278
Europe & Australia	408,163		384,341		401,143
Corporate	151,532		114,069		147,335
Total Company	$	1,389,257	$	1,367,332	$	1,377,756
Expenditures for property, plant & equipment:
Americas & Asia	$	13,256	$	24,051	$	20,344
Europe & Australia	5,970		19,087		6,845
Total Company	$	19,226	$	43,138	$	27,189

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the years ended July 31, 2023, 2022 and 2021:


	Years Ended July 31,
	2023		2022		2021
Total profit from reportable segments	$	246,245	$	220,365	$	191,992
Unallocated costs:
Administrative costs	(24,802)		(27,353)		(24,865)
Gain on sale of business	3,770		—		—
Investment and other income	4,022		244		4,333
Interest expense	(3,539)		(1,276)		(437)
Income before income taxes and losses of unconsolidated affiliate	$	225,696	$	191,980	$	171,023

Revenue from External Customers by Products and Services

The following is a summary of sales by business platform for the years ended July 31, 2023, 2022 and 2021:


	Years Ended July 31,
	2023		2022		2021
IDS	$	1,045,891	$	1,010,883	$	841,508
WPS	285,972		291,179		303,190
Total Company	$	1,331,863	$	1,302,062	$	1,144,698

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

The following is a summary of sales and long-lived assets by geographic region for the years ended July 31, 2023, 2022 and 2021:


	Revenues* Years Ended July 31,						Long-Lived Assets** As of July 31,
	2023		2022		2021		2023		2022		2021
Geographic information:
United States	$	790,596	$	764,930	$	642,268	$	524,258	$	543,187	$	560,405
Other	610,553		613,433		565,956		302,321		288,477		309,686
Eliminations	(69,286)		(76,301)		(63,526)		—		—		—
Consolidated total	$	1,331,863	$	1,302,062	$	1,144,698	$	826,579	$	831,664	$	870,091

* 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.

Derivatives and Hedging Activities

12 Months Ended

Jul. 31, 2023

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, 2023 and 2022:


	July 31, 2023		July 31, 2022
Designated as cash flow hedges	$	39,661	$	25,276
Non-designated hedges	4,803		4,057
Total foreign exchange contracts	$	44,464	$	29,333

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, 2023 and 2022, unrealized gains of $1,580 and $1,040 have been included in AOCI, respectively.

Net Investment Hedges

The Company has designated certain third party foreign currency denominated debt borrowed under its credit agreement as net investment hedges. These debt obligations, denominated in Euros and British Pounds, were designated as net investment hedges to hedge portions of the Company's net investment in its European operations. The Company’s foreign currency denominated debt obligations are valued under a market approach using publicized spot prices, and the net gains or losses attributable to the changes in spot prices are recorded as cumulative translation within AOCI and are included in the foreign currency translation adjustments section of the consolidated statements of comprehensive income. As of July 31, 2023 and July 31, 2022, the cumulative balance recognized in accumulated other comprehensive income were losses of $1,746 and $0, respectively, on any outstanding foreign currency denominated debt obligations.

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


	July 31, 2023		July 31, 2022		July 31, 2021
Gains (losses) recognized in OCI:
Forward exchange contracts (cash flow hedges)	$	2,680	$	1,282	$	1,451
Foreign currency denominated debt (net investment hedges)	(1,746)		—		—
Gains reclassified from OCI into cost of goods sold:
Forward exchange contracts (cash flow hedges)	2,140		909		399

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


	July 31, 2023						July 31, 2022
	Prepaid expenses and other current assets		Other current liabilities		Long-term obligations		Prepaid expenses and other current assets		Other current liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	485	$	189	$	—	$	489	$	30
Foreign currency denominated debt (net investment hedges)	—		—		36,716		—		—
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	7		—		—		—		2
Total derivative instruments	$	492	$	189	$	36,716	$	489	$	32

Income Taxes - Schedule of Unrecognized Tax Benefit Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Unrecognized Tax Benefits:
Beginning balance	$ 20,564	$ 21,912	$ 13,622
Additions based on tax positions related to the current year	2,902	3,233	4,664
Additions for tax positions of prior years (1)	792	435	3,940
Reductions for tax positions of prior years	(19)	(122)	(365)
Lapse of statute of limitations	(2,682)	(3,226)	(159)
Unrecognized Tax Benefits, Increase Resulting from Foreign Currency Translation	124		210
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(782)	(1,129)
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation		(539)
Ending balance	$ 20,899	$ 20,564	$ 21,912

Debt - Schedule of Long-Term Debt (Details) € in Thousands, £ in Thousands, $ in Thousands	Jul. 31, 2023 USD ($)	Jul. 31, 2023 GBP (£)	Jul. 31, 2023 EUR (€)	Jul. 31, 2022 USD ($)	Jul. 31, 2022 GBP (£)	Jul. 31, 2022 EUR (€)
Line of Credit Facilities [Line Items]
Long-term Line of Credit	$ 49,700
United States of America, Dollars
Line of Credit Facilities [Line Items]
Long-term Line of Credit	$ 13,000			$ 95,000
Line of Credit Facility, Interest Rate at Period End	6.30%	6.30%	6.30%	2.70%	2.70%	2.70%
United Kingdom, Pounds
Line of Credit Facilities [Line Items]
Long-term Line of Credit \| £		£ 8,000			£ 0
Line of Credit Facility, Interest Rate at Period End	5.80%	5.80%	5.80%	0.00%	0.00%	0.00%
Euro Member Countries, Euro
Line of Credit Facilities [Line Items]
Long-term Line of Credit \| €			€ 24,000			€ 0
Line of Credit Facility, Interest Rate at Period End	4.40%	4.40%	4.40%	0.00%	0.00%	0.00%

- 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

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive loss	$ (93,061)	$ (109,077)	$ (55,953)
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	$ (1,580)	1,040
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive loss	$ (1,746)	$ 0

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Acquisitions	12 Months Ended
Acquisitions	Jul. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions The Company did not complete any business acquisitions during the years ended July 31, 2023 and 2022 and completed three business acquisitions during the year ended July 31, 2021. All of these transactions were accounted for using business combination accounting. The results of the operations of the acquired businesses have been included since the date of acquisition in the accompanying consolidated financial statements. Fiscal 2021 On May 21, 2021, the Company acquired 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. Magicard was initially included in the Company’s IDS segment. As a result of the regional reorganization effective February 1, 2023, Magicard operates within both of our reportable segments. On May 21, 2021, the Company acquired Nordic ID Oyj (“Nordic ID”), based in Salo, Finland for $9,804 plus the assumption of debt of $4,668. Nordic ID specializes in RFID readers, scanners, and the associated software to power track-and-trace applications in industrial manufacturing. Nordic ID was initially included in the Company’s IDS segment. As a result of the regional reorganization effective February 1, 2023, Nordic ID operates within both of our reportable segments. On June 16, 2021, the Company acquired 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. Code was initially included in the Company’s IDS segment. As a result of the regional reorganization effective February 1, 2023, Code operates within both of our reportable segments. Acquisition-related expenses of $3,164 were recognized in SG&A during the year ended July 31, 2021.

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 1,331,863	$ 1,302,062	$ 1,144,698
Depreciation and amortization	32,370	34,182	25,483
Segment profit	246,245	220,365	191,992
Assets	1,389,257	1,367,332	1,377,756
Expenditures for property, plant & equipment	19,226	43,138	27,189
Americas & Asia
Segment Reporting Information [Line Items]
Net sales	888,857	861,084	735,582
Depreciation and amortization	25,269	26,950	20,649
Segment profit	180,503	157,307	136,635
Assets	829,562	868,922	829,278
Expenditures for property, plant & equipment	13,256	24,051	20,344
Americas & Asia \| Americas [Member]
Segment Reporting Information [Line Items]
Net sales	787,426	750,391	635,714
Americas & Asia \| Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	101,431	110,693	99,868
Europe & Australia
Segment Reporting Information [Line Items]
Net sales	443,006	440,978	409,116
Depreciation and amortization	7,101	7,232	4,834
Segment profit	65,742	63,058	55,357
Assets	408,163	384,341	401,143
Expenditures for property, plant & equipment	5,970	19,087	6,845
Europe & Australia \| Europe [Member]
Segment Reporting Information [Line Items]
Net sales	387,743	388,618	355,096
Europe & Australia \| AUSTRALIA
Segment Reporting Information [Line Items]
Net sales	55,263	52,360	54,020
Corporate [Member]
Segment Reporting Information [Line Items]
Assets	$ 151,532	$ 114,069	$ 147,335

Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ 147	$ (148)	$ (123)
Pension and other post-retirement benefits	202	167	95
Other income tax adjustments and currency translation	0	(505)	378
Income tax benefit (expense) related to items of other comprehensive income (loss)	$ 349	$ 524	$ (406)

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 12
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-12

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-10

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-2

+ Details

Stockholders' Equity - Schedule of Capital Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
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

Summary of Significant Accounting Policies

12 Months Ended

Jul. 31, 2023

Accounting Policies [Abstract]

Significant Accounting Policies

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 income tax expense.

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 Receivable — 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 receivable 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 significant influence over the operating and financial decisions of the investee. 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 Company's remaining equity interest in React Mobile, Inc. during 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. (9.6% of total inventories at July 31, 2023, and 13.3% of total inventories at July 31, 2022) 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 $11,312 and $9,900 as of July 31, 2023 and 2022, respectively.

Inventories consist of the following as of July 31:


	2023		2022
Finished products	$	103,350	$	112,323
Work-in-process	26,884		29,272
Raw materials and supplies	46,844		48,428
Total inventories	$	177,078	$	190,023

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	2023		2022
Land		$	12,273	$	11,916
Buildings and improvements	10 to 33 Years	130,004		123,619
Machinery and equipment	3 to 10 Years	282,870		268,527
Construction in progress		9,682		7,825
Property, plant and equipment—gross		434,829		411,887
Accumulated depreciation		(292,680)		(272,376)
Property, plant and equipment—net		$	142,149	$	139,511

Depreciation expense was $20,631, $19,216, and $18,406 for the years ended July 31, 2023, 2022 and 2021, 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, 2023, indicated that all reporting units with goodwill had a fair value substantially in excess of its carrying value. No goodwill impairment charges were recognized during the year ended July 31, 2023.

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 2023, long-lived and other intangible assets were analyzed for potential impairment. As a result of the analysis, no impairment charges were recorded.

Leases — The Company accounts for leases in accordance with Accounting Standards Codification ("ASC") 842 "Leases." 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, 2023, 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 year ended July 31, 2023.

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." 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, 2023 and 2022, the Company had a reserve for estimated product returns and credit memos of $4,801 and $4,415, 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, 2023, 2022, and 2021 were $53,867, $50,265, and $38,876, 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, 2023, 2022, and 2021 was $53,591, $55,568, and $54,370, respectively.

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, the settlements of net investment hedges, and long-term intercompany loan translation adjustments.

Foreign Currency Translation — The assets and liabilities of subsidiaries whose functional currency is a currency other than the U.S. dollar are translated into U.S. 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 in accordance with ASC 740 "Income Taxes." 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) approximates 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

In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” which requires contract assets and contract liabilities (e.g. deferred revenue) acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, “Revenue from Contracts with Customers” as if the acquirer had originated the contracts. The guidance is applied prospectively to acquisitions occurring on or after the effective date. The Company early adopted ASU No. 2021-08 during the quarter ended October 31, 2022. The adoption of the new standard will only have an impact on the Company's consolidated financial statements in the event of future acquisitions.

Leases (Tables)

12 Months Ended

Jul. 31, 2023

Leases [Abstract]

Schedule of Lease Cost

The following table summarizes lease expense recognized during the years ended July 31, 2023, 2022 and 2021:


	Consolidated Statements of Income Location	July 31, 2023		July 31, 2022		July 31, 2021
Operating lease cost	Cost of goods sold	$	6,589	$	7,893	$	8,268
Operating lease cost	Selling, general, and administrative expenses	9,424		9,822		8,625

Schedule of Lessee Operating Lease Liability Maturity

The following table summarizes the maturity of the Company's lease liabilities as of July 31, 2023:


Years ending July 31,	Operating Leases
2024	$	15,696
2025	10,503
2026	4,627
2027	885
2028	211
Thereafter	789
Total lease payments	$	32,711
Less: interest	(1,768)
Present value of lease liabilities	$	30,943

Schedule of Weighted-Average Lease

The weighted average remaining lease terms and discount rates for the Company's operating leases as of July 31, 2023 and 2022 were as follows:


	July 31, 2023		July 31, 2022
Weighted average remaining lease term (in years)	2.6		2.7
Weighted average discount rate	4.3	%	3.9	%

Schedule of Supplemental Cash Flow Information - Leases

Supplemental cash flow information related to the Company's operating leases during the years ended July 31, 2023 and 2022 were as follows:


	2023		2022
Operating cash outflows from operating leases	$	17,739	$	19,005
Operating lease assets obtained in exchange for new operating lease liabilities (1)	12,583		7,607

(1) Includes new leases and remeasurements or modifications of existing leases.

Net Income per Common Share - Additional Informations (Detail) - shares	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Earnings Per Share [Line Items]
Anti-dilutive shares excluded from computations of diluted earnings per share	549,031	497,307	511,189

Commitment and Contingencies	12 Months Ended
Commitment and Contingencies	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	ContingenciesIn the normal course of business, the Company is subject to a variety of investigations, claims, suits, and other legal proceedings, including but not limited to, intellectual property, employment, unclaimed property, tort, and breach of contract matters. Any legal proceedings are subject to inherent uncertainties, and these matters and their potential effects may change in the future. The Company records a liability for contingencies when a loss is deemed to be probable and the loss can be reasonably estimated. The Company currently believes that the outcomes of such proceedings will not have a material adverse impact on its business, financial position, results of operations or cash flows.

Audit Information	12 Months Ended
Audit Information	Jul. 31, 2023
Auditor Information Abstract [Abstract]
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	Milwaukee, Wisconsin
Auditor Firm ID	34

Other Intangible Assets

12 Months Ended

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Other Intangible 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, 2023 and 2022 consisted of the following:


	July 31, 2023							July 31, 2022
	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	$	1,114	$	(947)	$	167	3	$	1,749	$	(1,014)	$	735
Customer relationships	9	64,513		(15,947)		48,566		9	105,404		(48,428)		56,976
Technology	5	9,313		(4,235)		5,078		5	9,136		(2,241)		6,895
Unamortized other intangible assets:
Tradenames	N/A	8,285		—		8,285		N/A	9,422		—		9,422
Total		$	83,225	$	(21,129)	$	62,096		$	125,711	$	(51,683)	$	74,028

The decrease in the gross carrying amount of amortized other intangible assets as of July 31, 2023 compared to July 31, 2022 was primarily due to the removal of a fully amortized customer relationship intangible asset as the period of economic benefit related to this asset had lapsed.

Amortization expense on intangible assets during the years ended July 31, 2023, 2022, and 2021 was $11,739, $14,966, and $7,077, respectively. Amortization expense over each of the next five fiscal years is projected to be $9,481, $9,156, $8,279, $7,769, and $7,360 for the fiscal years ending July 31, 2024, 2025, 2026, 2027, and 2028, respectively.

Stockholders' Equity - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 9 months 18 days
Options Exercisable, Weighted Average Remaining Contractual Term	5 years 1 month 6 days
Options Outstanding, Intrinsic Value	$ 14,787
Options Exercisable, Intrinsic Value	$ 12,783
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 12.14	$ 11.55	$ 8.65
Options, Exercised in Period, Aggregate Intrinsic Value	$ 1,822	$ 4,269	$ 1,477
Options, Vested in Period, Fair Value	3,384	2,446	2,371
Options, Exercised in Period, Proceeds from Issuance of Shares	4,091	1,082	1,765
Options Exercised, Tax Benefit	$ 455	$ 1,067	$ 369
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Shares Outstanding, Beginning Balance	1,591,525
Options Granted	158,416
Options Exercised	(125,800)
Options Forfeited or Expired	(77,358)
Shares Outstanding, Ending Balance	1,546,783	1,591,525
Options Exercisable	1,201,223
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 41.57
Options Granted, Weighted Average Exercise Price	43.82
Options Exercised, Weighted Average Exercise Price	35.60
Options Forfeited or Expired, Weighted Average Exercise Price	46.16
Options Outstanding, Ending Balance, Weighted Average Exercise Price	42.05	$ 41.57
Options Exercisable, Weighted Average Exercise Price	$ 41.08

Revenue Recognition	12 Months Ended
Revenue Recognition	Jul. 31, 2023
Revenue Recognition [Abstract]
Revenue Recognition	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 includes 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 therefore, does not recognize the time value of money or any financing component of such contracts. 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 $2,757 and $2,675 as of July 31, 2023 and 2022, 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 year ended July 31, 2023, the Company recognized revenue of $1,244 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, 2023, the Company expects to recognize 41% by the end of fiscal 2024, an additional 27% by the end of fiscal 2025, 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Segment Reconciliation [Abstract]
Total profit from reportable segments	$ 246,245	$ 220,365	$ 191,992
Unallocated amounts:
Administrative costs	(24,802)	(27,353)	(24,865)
Gain (Loss) on Disposition of Business	3,770	0	0
Investment and other income	4,022	244	4,333
Interest expense	(3,539)	(1,276)	(437)
Income before income taxes and losses of unconsolidated affiliate	$ 225,696	$ 191,980	$ 171,023

- Definition

Amount of the cost of borrowed funds accounted for as interest expense.

+ References + Details

Income Taxes (Tables)

12 Months Ended

Jul. 31, 2023

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,
	2023		2022		2021
United States	$	92,053	$	92,985	$	59,504
Other Nations	133,643		98,995		111,519
Total	$	225,696	$	191,980	$	171,023

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense consists of the following:


	Years Ended July 31,
	2023		2022		2021
Current income tax expense:
United States	$	26,324	$	8,639	$	16,322
Other Nations	31,093		31,851		26,141
States (U.S.)	5,894		3,156		2,112
	$	63,311	$	43,646	$	44,575
Deferred income tax (benefit) expense:
United States	$	(10,577)	$	970	$	(2,662)
Other Nations	251		(2,377)		(5,938)
States (U.S.)	(2,146)		(238)		(365)
	$	(12,472)	$	(1,645)	$	(8,965)
Total income tax expense	$	50,839	$	42,001	$	35,610

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences are as follows as of July 31, 2023 and 2022:


	July 31, 2023
	Assets		Liabilities		Total
Inventories	$	8,526	$	(64)	$	8,462
Employee compensation and benefits	8,556		—		8,556
Accounts receivable	2,202		—		2,202
Fixed assets	3,118		(9,238)		(6,120)
Intangible assets	760		(49,267)		(48,507)
Capitalized R&D expenditures	9,986		—		9,986
Deferred and equity-based compensation	9,937		—		9,937
Postretirement benefits	2,683		(100)		2,583
Tax credit and net operating loss carry-forwards	51,387		—		51,387
Valuation allowances	(52,750)		—		(52,750)
Other, net	19,826		(4,798)		15,028
Total	$	64,231	$	(63,467)	$	764


	July 31, 2022
	Assets		Liabilities		Total
Inventories	$	8,112	$	(54)	$	8,058
Employee compensation and benefits	8,146		—		8,146
Accounts receivable	2,105		—		2,105
Fixed assets	3,177		(9,618)		(6,441)
Intangible assets	859		(50,095)		(49,236)
Deferred and equity-based compensation	9,221		—		9,221
Postretirement benefits	2,301		—		2,301
Tax credit and net operating loss carry-forwards	49,006		—		49,006
Valuation allowances	(47,276)		—		(47,276)
Other, net	17,919		(5,226)		12,693
Total	$	53,570	$	(64,993)	$	(11,423)

Schedule of Effective Income Tax Rate Reconciliation


	Years Ended July 31,
	2023		2022		2021
Tax at statutory rate	21.0	%	21.0	%	21.0	%
International rate differential (1)	1.7	%	4.2	%	2.3	%
Adjustments to tax accruals and reserves	0.2	%	(0.1)	%	3.3	%
Research and development tax credits	(1.3)	%	(1.6)	%	(1.6)	%
Valuation allowance against foreign tax credits and foreign net operating loss carry-forwards	1.2	%	(1.2)	%	(4.8)	%
Deferred tax and other adjustments, net	(0.3)	%	(0.4)	%	0.6	%
Income tax rate	22.5	%	21.9	%	20.8	%

(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2023, 2022, and 2021.

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, 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
Additions based on tax positions related to the current year	3,233
Additions for tax positions of prior years	435
Reductions for tax positions of prior years	(122)
Lapse of statute of limitations	(3,226)
Settlements with tax authorities	(1,129)
Cumulative translation adjustments and other	(539)
Balance as of July 31, 2022	$	20,564
Additions based on tax positions related to the current year	2,902
Additions for tax positions of prior years	792
Reductions for tax positions of prior years	(19)
Lapse of statute of limitations	(2,682)

Settlements with tax authorities	(782)
Cumulative translation adjustments and other	124
Balance as of July 31, 2023	$	20,899

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’20 — F’23

Debt

12 Months Ended

Jul. 31, 2023

Debt Disclosure [Abstract]

Debt

On August 1, 2019, the Company and certain of its subsidiaries entered into an unsecured $200 million multi-currency credit agreement with a group of five banks.

On December 21, 2021, the Company and certain of its subsidiaries entered into an amendment to the credit agreement dated August 1, 2019. The amendment modified the credit agreement to, among other things, (a) change the interest rate under the credit agreement for borrowings (i) denominated in British Pounds from the London Inter-bank Offered Rate ("LIBOR") to a daily simple SONIA-based rate, (ii) denominated in Euro from a LIBOR-based rate to a rate based on the Euro Interbank Offered Rate and (iii) denominated in Japanese Yen from a LIBOR-based rate to a rate based on the Tokyo Interbank Offered Rate, in each of the foregoing cases subject to certain adjustments specified in the credit agreement; and (b) provide mechanics relating to a transition away from U.S. dollar LIBOR (with respect to borrowings denominated in U.S. dollars) and the designated benchmarks for the other eligible currencies as benchmark interest rates and the replacement of any such benchmark by a replacement benchmark rate. The amendment to the credit agreement did not have a material impact on the interest rate or related balances in the Company's consolidated financial statements.

On November 14, 2022, the Company and certain of its subsidiaries entered into a Second Amendment to Credit Agreement (“Amendment No. 2”) with a group of six banks, which amended the original credit agreement dated August 1, 2019. Amendment No. 2 amended the credit agreement to, among other items, (a) increase the lending commitments by $100 million for total lending commitments of $300 million, (b) extend the final maturity date to November 14, 2027, (c) increase the interest rate on certain borrowings by 0.125%, and (d) increase the available amount under the credit agreement, at the Company's option and subject to certain conditions, from $300 million up to (i) an amount equal to the incremental borrowing necessary to bring the Company's consolidated net debt-to-EBITDA ratio as defined in the credit agreement to 2.5 to 1.0 plus (ii) $200 million. Borrowings under Amendment No. 2 are unsecured and are guaranteed by certain of the Company's domestic subsidiaries.

As of July 31, 2023, the outstanding balance on the credit agreement was $49.7 million. The maximum amount outstanding on the credit agreement during the year ended July 31, 2023 was $103.0 million. As of July 31, 2023, there was $248.3 million available for future borrowing, which can be increased to $1,068.3 million at the Company's option, subject to certain conditions. The credit agreement has a final maturity date of November 14, 2027. As such, borrowings are classified as long-term on the Consolidated Balance Sheets.

The Company’s credit agreement requires it to maintain certain financial covenants, including a ratio of debt to trailing twelve months EBITDA, as defined in the agreement, of not more than a 3.5 to 1.0 ratio (leverage ratio) and 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, 2023, the Company was in compliance with these financial covenants, with a ratio of debt to EBITDA, as defined by the agreements, equal to 0.18 to 1.0 and the interest expense coverage ratio equal to 76.2 to 1.0.

As of July 31, 2023 and 2022, borrowings on the credit agreement were as follows:


	July 31, 2023				July 31, 2022
	Amount Outstanding (thousands)		Weighted Average Interest Rate		Amount Outstanding (thousands)		Weighted Average Interest Rate
USD-denominated borrowing	$	13,000	6.3	%	$	95,000	2.7	%
British Pound-denominated borrowing	£	8,000	5.8	%	£	—	—	%
Euro-denominated borrowing	€	24,000	4.4	%	€	—	—	%

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 $1,995 and $1,643 at July 31, 2023 and 2022, 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://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
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	$ 0.8333
Class A Nonvoting Common Stock Shares Reserved for Outstanding Share-Based Awards	1,744,099
Number of Shares Remaining for Future Issuance of Share-Based Awards	2,477,505
Share-based Compensation Expense	$ 7,508	$ 10,504	$ 10,098
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 1,497	$ 507	$ 555
Stock Option
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%
Award Vesting Period	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period	10 years
Share-Based Compensation Cost Not yet Recognized	$ 1,192
Share-Based Compensation Cost Not yet Recognized, Period for Recognition	1 year 10 months 24 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Period	3 years
Share-Based Compensation Cost Not yet Recognized	$ 2,511
Share-Based Compensation Cost Not yet Recognized, Period for Recognition	1 year 10 months 24 days
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Period	3 years
Share-Based Compensation Cost Not yet Recognized	$ 1,236
Share-Based Compensation Cost Not yet Recognized, Period for Recognition	2 years

Derivatives and Hedging Activities - Impact on OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Net gain recognized in other comprehensive income (loss)	$ 2,680	$ 1,282	$ 1,451
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	2,140	909	399
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	$ (1,746)	$ 0	$ 0

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Gross	$ 64,231	$ 53,570
Deferred Tax Liabilities, Gross	63,467	64,993
Deferred Tax Liabilities, Other	4,798	5,226
Deferred Tax Assets, Tax Deferred Expense, Other	19,826	17,919
Deferred Tax Liability, Valuation Allowance	0	0
Deferred Tax Assets, Valuation Allowance	52,750	47,276
Deferred Tax Liabilities Tax Credit Carryforwards And Net Operating Losses	0	0
Deferred Tax Assets, Tax Credit Carryforwards	51,387	49,006
Deferred tax liabilities, deferred tax expense, postretirement benefits	100	0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	2,683	2,301
Deferred Tax Liability, Deferred Expense, Deferred Compensation	0	0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	9,937	9,221
Deferred Tax Liabilities, Intangible Assets	49,267	50,095
Deferred Tax Assets, Goodwill and Intangible Assets	760	859
Deferred Tax Assets, in Process Research and Development	9,986
Deferred Tax Liabilities, Property, Plant and Equipment	9,238	9,618
Deferred Tax Assets, Property, Plant and Equipment	3,118	3,177
Deferred Tax Liabilities Accounts Receivable	0	0
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts	2,202	2,105
Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Employee Benefits	0	0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	8,556	8,146
Deferred Tax Liabilities, Inventory	64	54
Deferred Tax Assets, Inventory	8,526	8,112
Deferred Tax Liabilities, In Process Research and Development	0
Net of liabilities [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Assets, Tax Deferred Expense, Other	15,028	12,693
Deferred income taxes	764
Deferred Tax Assets, Valuation Allowance	52,750	47,276
Deferred Tax Assets, Tax Credit Carryforwards	51,387	49,006
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	2,583	2,301
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	9,937	9,221
Deferred Tax Assets, in Process Research and Development	9,986
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts	2,202	2,105
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	8,556	8,146
Deferred Tax Assets, Inventory	8,462	8,058
Net of assets [Member]
Tax Credit Carryforward [Line Items]
Deferred Tax Liabilities, Net		11,423
Deferred Tax Liabilities, Intangible Assets	48,507	49,236
Deferred Tax Liabilities, Property, Plant and Equipment	$ 6,120	$ 6,441

Segment Information

12 Months Ended

Jul. 31, 2023

Segment Reporting [Abstract]

Segment Information

Effective February 1, 2023, the Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. Prior to February 1, 2023, the Company was organized and managed on a global basis within three operating segments: Identification Solutions and People Identification (“PDC”), which aggregated into the IDS reportable segment, and Workplace Safety, which was the WPS reportable segment. As such, all segment-related data has been recast to the new reportable segments. The Company evaluates short-term segment performance based on segment profit and customer sales. Gain or loss on sale of businesses, 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.

The following is a summary of segment information as of and for the years ended July 31, 2023, 2022 and 2021:


	2023		2022		2021
Net sales:
Americas & Asia:
Americas	$	787,426	$	750,391	$	635,714
Asia	101,431		110,693		99,868
Total	$	888,857	$	861,084	$	735,582
Europe & Australia:
Europe	387,743		388,618		355,096
Australia	55,263		52,360		54,020
Total	$	443,006	$	440,978	$	409,116
Total Company	$	1,331,863	$	1,302,062	$	1,144,698
Depreciation & amortization:
Americas & Asia	$	25,269	$	26,950	$	20,649
Europe & Australia	7,101		7,232		4,834
Total Company	$	32,370	$	34,182	$	25,483
Segment profit:
Americas & Asia	$	180,503	$	157,307	$	136,635
Europe & Australia	65,742		63,058		55,357
Total Company	$	246,245	$	220,365	$	191,992
Assets:
Americas & Asia	$	829,562	$	868,922	$	829,278
Europe & Australia	408,163		384,341		401,143
Corporate	151,532		114,069		147,335
Total Company	$	1,389,257	$	1,367,332	$	1,377,756
Expenditures for property, plant & equipment:
Americas & Asia	$	13,256	$	24,051	$	20,344
Europe & Australia	5,970		19,087		6,845
Total Company	$	19,226	$	43,138	$	27,189

The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the years ended July 31, 2023, 2022 and 2021:


	Years Ended July 31,
	2023		2022		2021
Total profit from reportable segments	$	246,245	$	220,365	$	191,992
Unallocated costs:
Administrative costs	(24,802)		(27,353)		(24,865)
Gain on sale of business	3,770		—		—
Investment and other income	4,022		244		4,333
Interest expense	(3,539)		(1,276)		(437)
Income before income taxes and losses of unconsolidated affiliate	$	225,696	$	191,980	$	171,023

The following is a summary of sales by business platform for the years ended July 31, 2023, 2022 and 2021:


	Years Ended July 31,
	2023		2022		2021
IDS	$	1,045,891	$	1,010,883	$	841,508
WPS	285,972		291,179		303,190
Total Company	$	1,331,863	$	1,302,062	$	1,144,698

The following is a summary of sales and long-lived assets by geographic region for the years ended July 31, 2023, 2022 and 2021:


	Revenues* Years Ended July 31,						Long-Lived Assets** As of July 31,
	2023		2022		2021		2023		2022		2021
Geographic information:
United States	$	790,596	$	764,930	$	642,268	$	524,258	$	543,187	$	560,405
Other	610,553		613,433		565,956		302,321		288,477		309,686
Eliminations	(69,286)		(76,301)		(63,526)		—		—		—
Consolidated total	$	1,331,863	$	1,302,062	$	1,144,698	$	826,579	$	831,664	$	870,091

* 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Summary of Significant Accounting Policies Revenue Recognition (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Accounting Policies [Abstract]
Contract with Customer, Refund Liability	$ 4,801	$ 4,415

Income Taxes - Schedule of (Loss) Earnings from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ 92,053	$ 92,985	$ 59,504
Other Nations	133,643	98,995	111,519
Income before income taxes and losses of unconsolidated affiliate	$ 225,696	191,980	$ 171,023
Intercompany Royalty Transactions		$ 32,857

Summary of Significant Accounting Policies Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Accounting Policies [Abstract]
Advertising Expense	$ 53,591	$ 55,568	$ 54,370

Other Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 83,225	$ 125,711
Finite-Lived Intangible Assets, Accumulated Amortization	21,129	51,683
Intangible Assets, Net (Excluding Goodwill), Total	62,096	74,028
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 8,285	$ 9,422
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years	3 years
Finite-Lived Intangible Assets, Gross	$ 1,114	$ 1,749
Finite-Lived Intangible Assets, Accumulated Amortization	947	1,014
Finite-Lived Intangible Assets, Net	$ 167	$ 735
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	9 years	9 years
Finite-Lived Intangible Assets, Gross	$ 64,513	$ 105,404
Finite-Lived Intangible Assets, Accumulated Amortization	15,947	48,428
Finite-Lived Intangible Assets, Net	$ 48,566	$ 56,976
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years	5 years
Finite-Lived Intangible Assets, Gross	$ 9,313	$ 9,136
Finite-Lived Intangible Assets, Accumulated Amortization	4,235	2,241
Finite-Lived Intangible Assets, Net	$ 5,078	$ 6,895

Summary of Significant Accounting Policies Sales Incentives (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Accounting Policies [Abstract]
Sales Incentives	$ 53,867	$ 50,265	$ 38,876

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Retirement Benefits [Abstract]
Deferred compensation arrangement with individual, recorded liability	$ 18,288	$ 18,043
Accrued retirement and profit-sharing contributions	3,717	3,644
Pension and other postretirement benefit expense	$ 15,089	$ 15,063	$ 13,246

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Net sales	$ 1,331,863	$ 1,302,062	$ 1,144,698
Cost of goods sold	674,588	670,510	583,252
Gross margin	657,275	631,552	561,446
Operating expenses:
Research and development	61,365	58,548	44,551
Selling, general and administrative	370,697	379,992	349,768
Total operating expenses	432,062	438,540	394,319
Operating income	225,213	193,012	167,127
Other income (expense):
Investment and other income	4,022	244	4,333
Interest expense	(3,539)	(1,276)	(437)
Income before income taxes and losses of unconsolidated affiliate	225,696	191,980	171,023
Income tax expense	50,839	42,001	35,610
Income before losses of unconsolidated affiliate	174,857	149,979	135,413
Equity in losses of unconsolidated affiliate	0	0	(5,754)
Net income	$ 174,857	$ 149,979	$ 129,659
Weighted average common shares outstanding:
Basic	49,591	51,321	52,039
Diluted	49,869	51,651	52,409
Class A Nonvoting Common Stock
Earnings per share:
Basic	$ 3.53	$ 2.92	$ 2.49
Diluted	3.51	2.90	2.47
Class B Voting Common Stock
Earnings per share:
Basic	3.51	2.91	2.48
Diluted	$ 3.49	$ 2.89	$ 2.46

Other Intangible Assets (Tables)

12 Months Ended

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Other intangible assets as of July 31, 2023 and 2022 consisted of the following:


	July 31, 2023							July 31, 2022
	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	$	1,114	$	(947)	$	167	3	$	1,749	$	(1,014)	$	735
Customer relationships	9	64,513		(15,947)		48,566		9	105,404		(48,428)		56,976
Technology	5	9,313		(4,235)		5,078		5	9,136		(2,241)		6,895
Unamortized other intangible assets:
Tradenames	N/A	8,285		—		8,285		N/A	9,422		—		9,422
Total		$	83,225	$	(21,129)	$	62,096		$	125,711	$	(51,683)	$	74,028

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

12 Months Ended

Jul. 31, 2023

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:


	2023		2022
Finished products	$	103,350	$	112,323
Work-in-process	26,884		29,272
Raw materials and supplies	46,844		48,428
Total inventories	$	177,078	$	190,023

Property, Plant and Equipment

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


	Range of Useful Lives	2023		2022
Land		$	12,273	$	11,916
Buildings and improvements	10 to 33 Years	130,004		123,619
Machinery and equipment	3 to 10 Years	282,870		268,527
Construction in progress		9,682		7,825
Property, plant and equipment—gross		434,829		411,887
Accumulated depreciation		(292,680)		(272,376)
Property, plant and equipment—net		$	142,149	$	139,511

Depreciation expense was $20,631, $19,216, and $18,406 for the years ended July 31, 2023, 2022 and 2021, respectively.

Goodwill, Other Intangible and Long-Lived Assets

In fiscal 2023, long-lived and other intangible assets were analyzed for potential impairment. As a result of the analysis, no impairment charges were recorded.

Leases

Revenue Recongition

Shipping and Handling Costs

Advertising Costs

Advertising Costs — Advertising costs are expensed as incurred. Advertising expense for the years ended July 31, 2023, 2022, and 2021 was $53,591, $55,568, and $54,370, respectively.

Stock-Based Compensation

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 generally 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

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

Net Income per Common Share

12 Months Ended

Jul. 31, 2023

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,
	2023		2022		2021
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	174,857	$	149,979	$	129,659
Less:
Preferential dividends	(769)		(803)		(807)
Preferential dividends on dilutive stock options	(3)		(8)		(5)
Numerator for basic and diluted income per Class B Voting Common Share	$	174,085	$	149,168	$	128,847
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	49,591		51,321		52,039
Plus: Effect of dilutive equity awards	278		330		370
Denominator for diluted income per share for both Class A and Class B	49,869		51,651		52,409
Net income per Class A Nonvoting Common Share:
Basic	$	3.53	$	2.92	$	2.49
Diluted	$	3.51	$	2.90	$	2.47
Net income per Class B Voting Common Share:
Basic	$	3.51	$	2.91	$	2.48
Diluted	$	3.49	$	2.89	$	2.46

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 549,031, 497,307, and 511,189 for the years ended July 31, 2023, 2022, and 2021, respectively.

Lease Maturity Disclosure (Details) $ in Thousands	Jul. 31, 2023 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 15,696
Lessee, Operating Lease, Liability, to be Paid, Year Two	10,503
Lessee, Operating Lease, Liability, to be Paid, Year Three	4,627
Lessee, Operating Lease, Liability, to be Paid, Year Four	885
Lessee, Operating Lease, Liability, to be Paid, Year Five	211
Lessee, Operating Lease, Liability, to be Paid, after Year Five	789
Lessee, Operating Lease, Liability, to be Paid	32,711
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(1,768)
Operating Lease, Liability	$ 30,943

Debt - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Line of Credit Facility [Abstract]
Line of credit, current borrowing capacity	$ 300,000
Line of credit, maximum borrowing capacity	1,068,300
Line of credit facility, maximum amount outstanding during period	103,000
Line of credit, remaining borrowing capacity	$ 248,300
Debt to EBITDA Ratio	0.18 to 1.0
Interest Expense Coverage Ratio	76.2 to 1.0
Letters of credit outstanding	$ 1,995	$ 1,643
Line of Credit Facility, Interest Rate Description	On December 21, 2021, the Company and certain of its subsidiaries entered into an amendment to the credit agreement dated August 1, 2019. The amendment modified the credit agreement to, among other things, (a) change the interest rate under the credit agreement for borrowings (i) denominated in British Pounds from the London Inter-bank Offered Rate ("LIBOR") to a daily simple SONIA-based rate, (ii) denominated in Euro from a LIBOR-based rate to a rate based on the Euro Interbank Offered Rate and (iii) denominated in Japanese Yen from a LIBOR-based rate to a rate based on the Tokyo Interbank Offered Rate, in each of the foregoing cases subject to certain adjustments specified in the credit agreement; and (b) provide mechanics relating to a transition away from U.S. dollar LIBOR (with respect to borrowings denominated in U.S. dollars) and the designated benchmarks for the other eligible currencies as benchmark interest rates and the replacement of any such benchmark by a replacement benchmark rate. The amendment to the credit agreement did not have a material impact on the interest rate or related balances in the Company's consolidated financial statements.

Schedule II Valuation of Qualifying Accounts

12 Months Ended

Jul. 31, 2023

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	2023		2022		2021
	(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	$	7,355	$	7,306	$	7,157
Additions — Due to acquired businesses	—		—		388
Additions — Charged to expense	1,433		859		803
Deductions — Bad debts written off, net of recoveries	(321)		(810)		(1,042)
Balances at end of period	$	8,467	$	7,355	$	7,306
Inventory — Reserve for slow-moving inventory:
Balances at beginning of period	$	29,877	$	23,009	$	16,309
Additions — Due to acquired businesses	—		—		2,957
Additions — Charged to expense	9,580		10,198		4,908
Deductions — Inventory write-offs	(3,602)		(3,330)		(1,165)
Balances at end of period	$	35,855	$	29,877	$	23,009
Valuation allowances against deferred tax assets:
Balances at beginning of period	$	47,276	$	51,069	$	58,809
Additions — Due to acquired businesses	—		—		1,351
Additions — Charged to expense	5,852		48		4,168
Deductions — Valuation allowances reversed/utilized	(378)		(3,841)		(13,259)
Balances at end of period	$	52,750	$	47,276	$	51,069

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member] Class A Nonvoting Common Stock	Retained Earnings [Member] Class B Voting Common Stock	Treasury Stock, Common	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balances at Jul. 31, 2020		$ 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, including excise taxes							3,593
Dividends, Common Stock, Cash					$ (42,690)	$ (3,056)
Ending Balances at Jul. 31, 2021		548	339,125	788,369			(109,061)	(55,953)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	149,979
Other Comprehensive Income (Loss), Net of Tax	(53,124)							(53,124)
Issuance of shares of Class A Common Stock under stock plan			(4,478)				(434)
Tax benefit and withholdings from deferred compensation distributions			115
Stock-based compensation expense (Note 7)			10,504
Repurchase of shares of Class A Common Stock, including excise taxes							109,229
Dividends, Common Stock, Cash					(42,805)	(3,126)
Ending Balances at Jul. 31, 2022	911,298	548	345,266	892,417			(217,856)	(109,077)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	174,857
Other Comprehensive Income (Loss), Net of Tax	16,016							16,016
Issuance of shares of Class A Common Stock under stock plan			(1,069)				(3,119)
Tax benefit and withholdings from deferred compensation distributions			66
Stock-based compensation expense (Note 7)			7,508
Repurchase of shares of Class A Common Stock, including excise taxes							(75,472)
Dividends, Common Stock, Cash					$ (42,207)	$ (3,197)
Ending Balances at Jul. 31, 2023	$ 990,919	$ 548	$ 351,771	$ 1,021,870			$ (290,209)	$ (93,061)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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

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Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jul. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

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 on cash flow hedges		Unamortized gain on postretirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Ending balance, July 31, 2021	$	729	$	1,888	$	(58,570)	$	(55,953)
Other comprehensive income (loss) before reclassification	907		326		(52,897)		(51,664)
Amounts reclassified from accumulated other comprehensive loss	(682)		(778)		—		(1,460)
Ending balance, July 31, 2022	$	954	$	1,436	$	(111,467)	$	(109,077)
Other comprehensive income (loss) before reclassification	2,292		(352)		16,009		17,949
Amounts reclassified from accumulated other comprehensive loss	(1,605)		(328)		—		(1,933)
Ending balance, July 31, 2023	$	1,641	$	756	$	(95,458)	$	(93,061)

Schedule of Other Comprehensive Income, Tax

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


	Years Ended July 31,
	2023		2022		2021
Income tax benefit (expense) related to items of other comprehensive income (loss):
Cash flow hedges	$	147	$	(148)	$	(123)
Pension and other post-retirement benefits	202		167		95
Other income tax adjustments and currency translation	—		505		(378)
Income tax benefit (expense) related to items of other comprehensive income (loss)	$	349	$	524	$	(406)

Derivatives and Hedging Activities - Fair Value Balance Sheet Disclosure (Detail) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Derivatives, Fair Value [Line Items]
Derivatives Assets	$ 492
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 189	$ 32
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets		489
Foreign Line of Credit
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Long-Term Debt, Noncurrent
Not designated as hedging Instruments [Member] \| Foreign Line of Credit
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Long-Term Debt, Noncurrent
Designated as hedging instruments [Member] \| Other current liabilities [Member] \| Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 0	0
Designated as hedging instruments [Member] \| Prepaid expenses and other current assets [Member] \| Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	$ 0	0
Designated as hedging instruments [Member] \| Foreign Line of Credit \| Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Long-Term Debt, Noncurrent
Foreign Exchange Contract [Member] \| Not designated as hedging Instruments [Member] \| Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 0	2
Foreign Exchange Contract [Member] \| Not designated as hedging Instruments [Member] \| Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	7	0
Foreign Exchange Contract [Member] \| Designated as hedging instruments [Member] \| Other current liabilities [Member] \| Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities	189	30
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	$ 485	$ 489
Foreign Exchange Contract [Member] \| Designated as hedging instruments [Member] \| Foreign Line of Credit \| Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Long-Term Debt, Noncurrent

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	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Earnings Per Share [Line Items]
Net income	$ 174,857	$ 149,979	$ 129,659
Denominator for basic earnings per share for both Class A and Class B	49,591	51,321	52,039
Plus: Effect of dilutive stock options	278	330	370
Denominator for diluted earnings per share for both Class A and Class B	49,869	51,651	52,409
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Basic	$ 3.53	$ 2.92	$ 2.49
Diluted	$ 3.51	$ 2.90	$ 2.47
Class B Voting Common Stock
Earnings Per Share [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic	$ 174,085	$ 149,168	$ 128,847
Cash dividends on Common Stock	769	803	807
Preferential dividends on dilutive stock options	$ 3	$ 8	$ 5
Basic	$ 3.51	$ 2.91	$ 2.48
Diluted	$ 3.49	$ 2.89	$ 2.46

Fair Value Measurements

12 Months Ended

Jul. 31, 2023

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.


	July 31, 2023		July 31, 2022		Fair Value Hierarchy
Assets:
Deferred compensation plan assets	$	18,288	$	18,037	Level 1
Foreign exchange contracts	492		489		Level 2
Liabilities:
Foreign exchange contracts	$	189	$	32	Level 2

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

Deferred compensation plan assets: 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 years ended July 31, 2023 and July 31, 2022.

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

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 8,467	$ 7,355
Class A Nonvoting Common Stock
Common Stock, Shares, Issued	51,261,487	51,261,487
Common stock, shares outstanding	45,008,724	46,370,708
Treasury Stock, Common, Shares	6,252,763	4,890,779
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

Stockholders' Equity - Summary of RSU and PRSU Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	173,230
Equity Instruments Other than Options, Grants in Period	68,624
Equity Instruments Other than Options, Vested in Period	(83,155)
Equity Instruments Other than Options, Forfeited in Period	(24,831)
Equity Instruments Other than Options, Nonvested, Number, Ending Balance	133,868	173,230
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance	$ 47.45
Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	45.22	$ 48.96	$ 40.82
Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	47.25
Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	46.81
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 46.55	$ 47.45
Equity Instruments Other than Options, Vested in Period, Fair Value	$ 3,734	$ 3,669	$ 2,894
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	79,134
Equity Instruments Other than Options, Grants in Period	44,110
Equity Instruments Other than Options, Vested in Period	(18,959)
Equity Instruments Other than Options, Forfeited in Period	(40,837)
Equity Instruments Other than Options, Nonvested, Number, Ending Balance	63,448	79,134
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance	$ 66.79
Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	55.77	$ 61.76	$ 60.73
Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	75.00
Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	64.12
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 58.39	$ 66.79
Equity Instruments Other than Options, Vested in Period, Fair Value	$ 889	$ 4,098	$ 3,273

Goodwill

12 Months Ended

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2023 and 2022, were as follows:


	IDS		WPS		Americas & Asia		Europe & Australia		Total
Balance as of July 31, 2021	$	578,935	$	35,202	$	—	$	—	$	614,137
Working capital adjustment	(693)		—		—		—		(693)
Translation adjustments	(22,091)		(4,521)		—		—		(26,612)
Balance as of July 31, 2022	$	556,151	$	30,681	$	—	$	—	$	586,832
Translation adjustments	3,319		625		1,079		2,745		7,768
Reallocation due to change in segments	(559,470)		(31,306)		442,290		148,486		—
Divestiture of business	—		—		(1,954)		—		(1,954)
Balance as of July 31, 2023	$	—	$	—	$	441,415	$	151,231	$	592,646

Effective February 1, 2023, the Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. Prior to February 1, 2023, the Company was organized and managed on a global basis within two business platforms: IDS and WPS. As a result, goodwill was allocated to the new reportable segments in accordance with ASC 350, "Intangibles - Goodwill and Other." Refer to Note 10, "Segment Information," and Management's Discussion and Analysis for additional information regarding the Company's segment change.

Goodwill increased $5,814 during the year ended July 31, 2023 mainly due to the positive effects of foreign currency translation, which was partially offset by a reduction due to the sale of our PremiSys business within the Americas & Asia segment.

Goodwill declined $27,305 during the year ended July 31, 2022 mainly due to the negative effects of foreign currency translation. In addition, the final working capital adjustment from the acquisition of Code decreased the goodwill balance by $693.

The annual impairment testing performed on May 1, 2023, in accordance with ASC 350, “Intangibles - Goodwill and Other” indicated that all of the reporting units with goodwill (North America, Europe and Latin America) had a fair value substantially in excess of its carrying value.

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jul. 31, 2022
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 586,832	$ 614,137
Goodwill, Foreign Currency Translation Gain (Loss)	7,768	(26,612)
Goodwill, Other Increase (Decrease)	0
Goodwill, Purchase Accounting Adjustments		(693)
Goodwill, Written off Related to Sale of Business Unit	(1,954)
Goodwill, Ending Balance	592,646	586,832
Goodwill, Period Increase (Decrease)	$ 5,814	(27,305)
Goodwill, Change in Goodwill Allocation, Description	Effective February 1, 2023, the Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. Prior to February 1, 2023, the Company was organized and managed on a global basis within two business platforms: IDS and WPS. As a result, goodwill was allocated to the new reportable segments in accordance with ASC 350, "Intangibles - Goodwill and Other." Refer to Note 10, "Segment Information," and Management's Discussion and Analysis for additional information regarding the Company's segment change.
Identification Solutions
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 556,151	578,935
Goodwill, Foreign Currency Translation Gain (Loss)	3,319	(22,091)
Goodwill, Other Increase (Decrease)	(559,470)
Goodwill, Purchase Accounting Adjustments		(693)
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Ending Balance	0	556,151
Workplace Safety
Goodwill [Roll Forward]
Goodwill, Beginning Balance	30,681	35,202
Goodwill, Foreign Currency Translation Gain (Loss)	625	(4,521)
Goodwill, Other Increase (Decrease)	(31,306)
Goodwill, Purchase Accounting Adjustments		0
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Ending Balance	0	30,681
Americas & Asia
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0	0
Goodwill, Foreign Currency Translation Gain (Loss)	1,079	0
Goodwill, Other Increase (Decrease)	442,290
Goodwill, Purchase Accounting Adjustments		0
Goodwill, Written off Related to Sale of Business Unit	(1,954)
Goodwill, Ending Balance	441,415	0
Europe & Australia
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0	0
Goodwill, Foreign Currency Translation Gain (Loss)	2,745	0
Goodwill, Other Increase (Decrease)	148,486
Goodwill, Purchase Accounting Adjustments		0
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Ending Balance	$ 151,231	$ 0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Operating activities:
Net income	$ 174,857	$ 149,979	$ 129,659
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	32,370	34,182	25,483
Stock-based compensation expense	7,508	10,504	10,098
Gain on sale of business	(3,770)	0	0
Deferred income taxes	(12,472)	(1,645)	(8,965)
Equity in losses of unconsolidated affiliate	0	0	5,754
Other	(308)	1,197	(831)
Changes in operating assets and liabilities (net of effects of business acquisitions):
Accounts receivable	2,380	(25,330)	(12,614)
Inventories	14,972	(62,907)	7,298
Prepaid expenses and other assets	(1,023)	807	(4,498)
Accounts payable and accrued liabilities	(9,459)	6,826	58,283
Income taxes	4,094	4,836	(4,002)
Net cash provided by operating activities	209,149	118,449	205,665
Investing activities:
Purchases of property, plant and equipment	(19,226)	(43,138)	(27,189)
Sale of business	8,000	0	0
Acquisition of businesses, net of cash acquired	0	0	(243,983)
Other	12	67	2,580
Net cash used in investing activities	(11,214)	(43,071)	(268,592)
Financing activities:
Payment of dividends	(45,404)	(45,931)	(45,746)
Proceeds from exercise of stock options	4,091	1,082	1,765
Payments for employee taxes withheld from stock-based awards	(2,041)	(5,127)	(2,783)
Purchase of treasury stock	(74,996)	(109,229)	(3,593)
Proceeds from borrowing on credit facilities	127,660	243,716	101,957
Repayments of Lines of Credit	172,944	186,716	63,957
Other	66	116	33
Net cash used in financing activities	(163,568)	(102,089)	(12,324)
Effect of exchange rate changes on cash and cash equivalents	3,096	(6,555)	4,943
Net increase (decrease) in cash and cash equivalents	37,463	(33,266)	(70,308)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	114,069	147,335	217,643
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	151,532	114,069	147,335
Supplemental Cash Flow Information
Interest	3,408	1,082	373
Income taxes	$ 58,829	$ 33,834	$ 46,852

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (109,077)	$ (55,953)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	17,949	(51,664)
Amounts reclassified from accumulated other comprehensive loss	(1,933)	1,460
Ending balance	(93,061)	(109,077)
Unrealized gain (loss) on cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	954	729
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	2,292	907
Amounts reclassified from accumulated other comprehensive loss	(1,605)	682
Ending balance	1,641	954
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(111,467)	(58,570)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	16,009	(52,897)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(95,458)	(111,467)
Gain on post-retirement plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,436	1,888
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(352)	326
Amounts reclassified from accumulated other comprehensive loss	(328)	778
Ending balance	$ 756	$ 1,436

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Summary of Significant Accounting Policies Inventories (Tables)

12 Months Ended

Jul. 31, 2023

Accounting Policies [Abstract]

Schedule of Inventory

Inventories consist of the following as of July 31:


	2023		2022
Finished products	$	103,350	$	112,323
Work-in-process	26,884		29,272
Raw materials and supplies	46,844		48,428
Total inventories	$	177,078	$	190,023

Property, Plant and Equipment

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


	Range of Useful Lives	2023		2022
Land		$	12,273	$	11,916
Buildings and improvements	10 to 33 Years	130,004		123,619
Machinery and equipment	3 to 10 Years	282,870		268,527
Construction in progress		9,682		7,825
Property, plant and equipment—gross		434,829		411,887
Accumulated depreciation		(292,680)		(272,376)
Property, plant and equipment—net		$	142,149	$	139,511

Subsequent Events Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands				12 Months Ended
	Oct. 31, 2023	Oct. 10, 2023	Sep. 04, 2023	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021	Sep. 01, 2023
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends Payable, Date Declared			Sep. 04, 2023
Dividends Payable, Date to be Paid	Oct. 31, 2023
Dividends Payable, Date of Record		Oct. 10, 2023
Percentage Increase In Dividend				2.20%
Common Stock, Dividends, Per Share, Declared				$ 0.94
Dividends Payable, Amount Per Share								$ 0.2350
Stock Repurchase Program, Authorized Amount								$ 100,000
Class A Nonvoting Common Stock
Subsequent Event [Line Items]
Common Stock, Dividends, Per Share, Declared					$ 0.92	$ 0.90	$ 0.88