0000746598-24-000034 | 10-Q | XBRL Viewer

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Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ (51)	$ (8)	$ (106)	$ 116
Pension and other post-retirement benefits	0	0	0	(62)
Income tax (expense) benefit related to items of other comprehensive (loss) income	$ (51)	$ (8)	$ (106)	$ 54

- Definition

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

+ References

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-Name Accounting Standards Codification
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+ Details

Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of 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 as of April 30, 2024 and July 31, 2023:


	April 30, 2024		July 31, 2023		Fair Value Hierarchy
Assets:
Deferred compensation plan assets	$	19,238	$	18,288	Level 1
Foreign exchange contracts	602		492		Level 2
Liabilities:
Foreign exchange contracts	—		189		Level 2

Income Taxes Income Taxes (Details)	3 Months Ended		9 Months Ended
Income Taxes Income Taxes (Details)	Apr. 30, 2024 Rate	Apr. 30, 2023 Rate	Apr. 30, 2024 Rate	Apr. 30, 2023 Rate
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	21.00%	23.80%	21.10%	22.50%

Segment Information (Tables)

9 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

Schedule of Net Sales by Segment and Geographic Region

The following is a summary of net sales by segment and geographic region for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Net sales:
Americas & Asia
Americas	$	200,602	$	198,074	$	582,864	$	584,505
Asia	24,164		24,739		75,171		76,870
Total	$	224,766	$	222,813	$	658,035	$	661,375
Europe & Australia
Europe	$	104,925	$	100,480	$	299,629	$	284,432
Australia	13,693		13,823		40,327		40,127
Total	$	118,618	$	114,303	$	339,956	$	324,559

Total Company	$	343,384	$	337,116	$	997,991	$	985,934

Schedule of Segment Profit

The following is a summary of segment profit for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Segment profit:
Americas & Asia	$	49,697	$	49,192	$	143,489	$	130,511
Europe & Australia	19,537		17,099		51,335		47,316
Total profit from reportable segments	$	69,234	$	66,291	$	194,824	$	177,827

Schedule of the reconciliation of segment profit to earnings before income taxes and losses of unconsolidated affiliate

Total profit from reportable segments is a measure of operating income that excludes administrative costs related to corporate functions that are otherwise included in the Company's operating income. The following is a reconciliation of total profit from reportable segments to income before income taxes for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Total profit from reportable segments	$	69,234	$	66,291	$	194,824	$	177,827
Unallocated amounts:
Administrative costs	(5,691)		(7,060)		(17,625)		(18,429)
Gain on sale of business	—		3,770		—		3,770
Investment and other income	1,596		785		4,718		1,596
Interest expense	(728)		(753)		(2,284)		(2,886)
Income before income taxes	$	64,411	$	63,033	$	179,633	$	161,878

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Operating activities:
Net income	$ 141,759	$ 125,479
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,406	24,522
Stock-based compensation expense	6,422	6,427
Gain on sale of business	0	(3,770)
Deferred income taxes	(6,902)	(5,947)
Other	1,358	(1,336)
Changes in operating assets and liabilities:
Accounts receivable	(15,915)	1,744
Inventories	20,861	9,279
Prepaid expenses and other assets	(1,849)	(3,429)
Accounts payable and accrued liabilities	7,347	(19,704)
Income taxes	(4,393)	(3,404)
Net cash provided by operating activities	171,094	129,861
Investing activities:
Purchases of property, plant and equipment	(69,157)	(12,912)
Proceeds from Divestiture of Businesses	0	8,000
Other	(1,174)	11
Net cash used in investing activities	(70,331)	(4,901)
Financing activities:
Payment of dividends	(33,890)	(34,202)
Proceeds from exercise of stock options	5,583	4,091
Payments for employee taxes withheld from stock-based awards	(2,664)	(1,965)
Purchase of treasury stock	(72,225)	(29,774)
Proceeds from borrowing on credit agreement	111,790	102,916
Repayment of borrowing on credit agreement	(97,732)	(147,067)
Other	149	66
Net cash used in financing activities	(88,989)	(105,935)
Effect of exchange rate changes on cash and cash equivalents	(2,848)	1,953
Net increase in cash and cash equivalents	8,926	20,978
Cash and cash equivalents, beginning of period	151,532	114,069
Cash and cash equivalents, end of period	$ 160,458	$ 135,047

Segment Information Net Sales by Segment and Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Net Sales by Segment
Net sales	$ 343,384	$ 337,116	$ 997,991	$ 985,934
Americas & Asia
Net Sales by Segment
Net sales	224,766	222,813	658,035	661,375
Americas & Asia \| Americas
Net Sales by Segment
Net sales	200,602	198,074	582,864	584,505
Americas & Asia \| Asia
Net Sales by Segment
Net sales	24,164	24,739	75,171	76,870
Europe & Australia
Net Sales by Segment
Net sales	118,618	114,303	339,956	324,559
Europe & Australia \| Europe
Net Sales by Segment
Net sales	104,925	100,480	299,629	284,432
Europe & Australia \| Australia
Net Sales by Segment
Net sales	$ 13,693	$ 13,823	$ 40,327	$ 40,127

- 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

Basis of Presentation (Notes)	9 Months Ended
Basis of Presentation (Notes)	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements included herein have been prepared by Brady Corporation and subsidiaries (the "Company," "Brady," "we," or "our") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of the Company, the foregoing statements contain all adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial position of the Company as of April 30, 2024 and July 31, 2023, its results of operations and comprehensive income for the three and nine months ended April 30, 2024 and 2023, and cash flows for the nine months ended April 30, 2024 and 2023. The condensed consolidated balance sheet as of July 31, 2023 has been derived from the audited consolidated financial statements as of that date. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts therein. Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from the estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to rules and regulations of the Securities and Exchange Commission. Accordingly, the condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statement presentation. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2023.

Other Intangible Assets (Tables)

9 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Other Intangible Assets

Other intangible assets as of April 30, 2024 and July 31, 2023 consisted of the following:


	April 30, 2024							July 31, 2023
	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	$	600	$	(583)	$	17	3	$	1,114	$	(947)	$	167
Customer relationships	9	64,048		(21,304)		42,744		9	64,513		(15,947)		48,566
Technology	5	9,240		(5,660)		3,580		5	9,313		(4,235)		5,078
Unamortized other intangible assets:
Tradenames	N/A	7,552		—		7,552		N/A	8,285		—		8,285
Total		$	81,440	$	(27,547)	$	53,893		$	83,225	$	(21,129)	$	62,096

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Maturities	18 months
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 1,104	$ 1,580
Accumulated other comprehensive loss	(106,407)	(93,061)	$ (95,401)	$ (109,077)
Net Investment Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive loss	$ (799)	$ (1,746)

- Definition

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

+ References + Details

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value
Derivative Assets	$ 602	$ 492
Other current liabilities [Member]
Derivatives, Fair Value
Derivative Liability, Current	$ 0	$ 189
Foreign Line of Credit
Derivatives, Fair Value
Derivative Liability, Noncurrent	Long-term debt	Long-term debt
Designated as Hedging Instrument \| Prepaid expenses and other current assets [Member]
Derivatives, Fair Value
Derivative Assets	$ 595	$ 485
Designated as Hedging Instrument \| Other current liabilities [Member]
Derivatives, Fair Value
Derivative Liability, Current	$ 0	$ 189
Designated as Hedging Instrument \| Foreign Line of Credit \| Net Investment Hedging
Derivatives, Fair Value
Derivative Liability, Noncurrent	Long-term debt	Long-term debt
Not Designated as Hedging Instrument \| Prepaid expenses and other current assets [Member]
Derivatives, Fair Value
Derivative Assets	$ 7	$ 7
Not Designated as Hedging Instrument \| Other current liabilities [Member]
Derivatives, Fair Value
Derivative Liability, Current	$ 0	$ 0

Leases (Notes)

9 Months Ended

Apr. 30, 2024

Leases [Abstract]

Leases Disclosure

Leases

The Company leases certain manufacturing facilities, warehouse and office spaces, and vehicles accounted for as operating leases. Lease terms typically range from one year to ten years. As of April 30, 2024, the Company did not have any finance leases.

Operating lease expense was $3,688 and $3,997 for the three months ended April 30, 2024 and 2023, respectively, and $11,557 and $11,645 for the nine months ended April 30, 2024 and 2023, respectively, which was recognized in either "Cost of goods sold" or "Selling, general and administrative" expenses in the condensed consolidated statements of income, based on the nature of the lease. Short-term lease expense, variable lease expenses, and sublease income was immaterial to the condensed consolidated statements of income for the three and nine months ended April 30, 2024 and 2023.

Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2024 and 2023 was as follows:


	Nine months ended April 30,
	2024		2023
Operating cash outflows from operating leases	$	12,441	$	13,196
Operating lease assets obtained in exchange for new operating lease liabilities (1)	8,903		6,545

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

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Segment profit	$ 69,234	$ 66,291	$ 194,824	$ 177,827
Unallocated amounts:
Administrative costs	(5,691)	(7,060)	(17,625)	(18,429)
Gain on sale of business	0	3,770	0	3,770
Investment and other income	1,596	785	4,718	1,596
Interest expense	(728)	(753)	(2,284)	(2,886)
Income before income taxes	$ 64,411	$ 63,033	$ 179,633	$ 161,878

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

- Definition

Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense.

+ References + Details

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Earnings Per Share [Abstract]
Anti-dilutive Shares	47,409	447,210	136,919	555,247

Derivatives and Hedging Activities (Tables)

9 Months Ended

Apr. 30, 2024

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:


	April 30, 2024		July 31, 2023
Designated as cash flow hedges	$	13,284	$	39,661
Non-designated hedges	4,793		4,803
Total foreign exchange contracts	$	18,077	$	44,464

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:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Gains (losses) recognized in OCI:
Forward exchange contracts (cash flow hedges)	$	447	$	496	$	1,236	$	2,165
Foreign currency denominated debt (net investment hedges)	408		(661)		947		(1,502)
Gains reclassified from OCI into cost of goods sold
Forward exchange contracts (cash flow hedges)	173		463		1,712		1,261

Schedule of Fair Values of Derivative Instruments in Consolidated Balance Sheets

Fair values of derivative instruments in the condensed consolidated balance sheets were as follows:


	April 30, 2024						July 31, 2023
	Prepaid expenses and other current assets		Other current liabilities		Long-term obligations		Prepaid expenses and other current assets		Other current liabilities		Long-term obligations
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	595	$	—	$	—	$	485	$	189	$	—
Foreign currency denominated debt (net investment hedges)	—		—		35,774		—		—		36,716
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	7		—		—		7		—		—
Total derivative instruments	$	602	$	—	$	35,774	$	492	$	189	$	36,716

Accumulated Other Comprehensive Loss (Notes)

9 Months Ended

Apr. 30, 2024

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

Accumulated Other Comprehensive Loss Disclosure

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 nine months ended April 30, 2024:


	Unrealized gain on cash flow hedges		Unamortized gain on post-retirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Beginning balance, July 31, 2023	$	1,641	$	756	$	(95,458)	$	(93,061)
Other comprehensive income (loss) before reclassification	702		—		(12,310)		(11,608)
Amounts reclassified from accumulated other comprehensive loss	(1,284)		(454)		—		(1,738)
Ending balance, April 30, 2024	$	1,059	$	302	$	(107,768)	$	(106,407)

The increase in accumulated other comprehensive loss as of April 30, 2024 compared to July 31, 2023 was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-month period.

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 2023 were as follows:


	Unrealized gain on cash flow hedges		Unamortized gain on post-retirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Beginning balance, July 31, 2022	$	954	$	1,436	$	(111,467)	$	(109,077)
Other comprehensive income before reclassification	1,966		—		12,985		14,951
Amounts reclassified from accumulated other comprehensive loss	(946)		(329)		—		(1,275)
Ending balance, April 30, 2023	$	1,974	$	1,107	$	(98,482)	$	(95,401)

The decrease in accumulated other comprehensive loss as of April 30, 2023 compared to July 31, 2022 was primarily due to the depreciation of the U.S. dollar against certain other currencies during the nine-month period.

Of the amounts reclassified from accumulated other comprehensive loss during the nine months ended April 30, 2024 and 2023, unrealized gains on cash flow hedges were reclassified to "Cost of goods sold" and unamortized gains on post-retirement plans were reclassified into "Investment and other income" on the condensed consolidated statements of income.

The following table illustrates the income tax (expense) benefit on the components of other comprehensive (loss) income for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Income tax (expense) benefit related to items of other comprehensive (loss) income:
Cash flow hedges	$	(51)	$	(8)	$	(106)	$	116
Pension and other post-retirement benefits	—		—		—		(62)
Income tax (expense) benefit related to items of other comprehensive (loss) income	$	(51)	$	(8)	$	(106)	$	54

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A Nonvoting Common Stock	Class B Voting Common Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Class A Nonvoting Common Stock	Retained Earnings Class B Voting Common Stock	Treasury Stock, Common	Accumulated Other Comprehensive Loss
Beginning balance at Jul. 31, 2022	$ 911,298			$ 548	$ 345,266	$ 892,417			$ (217,856)	$ (109,077)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	125,479					125,479
Other Comprehensive Income (Loss), Net of Tax	13,676									13,676
Issuance of shares of Class A Common Stock under stock plan	2,126				(1,001)				3,127
Tax benefit and withholdings from deferred compensation distributions	66				66
Stock-based compensation expense	6,427				6,427
Repurchase of shares of Class A Common Stock, including excise taxes	(29,774)								(29,774)
Dividends, Common Stock, Cash		$ (31,819)	$ (2,383)				$ (31,819)	$ (2,383)
Ending balance at Apr. 30, 2023	995,096			548	350,758	983,694			(244,503)	(95,401)
Beginning balance at Jan. 31, 2023	967,404			548	348,513	947,051			(233,338)	(95,370)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	48,052					48,052
Other Comprehensive Income (Loss), Net of Tax	(31)									(31)
Issuance of shares of Class A Common Stock under stock plan	947				199				748
Stock-based compensation expense	2,046				2,046
Repurchase of shares of Class A Common Stock, including excise taxes	(11,913)								(11,913)
Dividends, Common Stock, Cash		(10,595)	(814)				(10,595)	(814)
Ending balance at Apr. 30, 2023	995,096			548	350,758	983,694			(244,503)	(95,401)
Beginning balance at Jul. 31, 2023	990,919			548	351,771	1,021,870			(290,209)	(93,061)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	141,759					141,759
Other Comprehensive Income (Loss), Net of Tax	(13,346)									(13,346)
Issuance of shares of Class A Common Stock under stock plan	2,919				(3,910)				6,829
Tax benefit and withholdings from deferred compensation distributions	149				149
Stock-based compensation expense	6,422				6,422
Repurchase of shares of Class A Common Stock, including excise taxes	(72,830)								(72,830)
Dividends, Common Stock, Cash		(31,454)	(2,436)				(31,454)	(2,436)
Ending balance at Apr. 30, 2024	1,022,102			548	354,432	1,129,739			(356,210)	(106,407)
Beginning balance at Jan. 31, 2024	1,038,732			548	353,794	1,090,045			(305,714)	(99,941)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	50,890
Other Comprehensive Income (Loss), Net of Tax	(6,466)									(6,466)
Issuance of shares of Class A Common Stock under stock plan	(85)				(521)				436
Stock-based compensation expense	1,159				1,159
Repurchase of shares of Class A Common Stock, including excise taxes	(50,932)								(50,932)
Dividends, Common Stock, Cash		$ (10,364)	$ (832)				$ (10,364)	$ (832)
Ending balance at Apr. 30, 2024	$ 1,022,102			$ 548	$ 354,432	$ 1,129,739			$ (356,210)	$ (106,407)

- Definition

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

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- Definition

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

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

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+ Details

Revenue Recognition (Notes)	9 Months Ended
Revenue Recognition (Notes)	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition Disclosure	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. 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 condensed consolidated statements of income. See Note H, “Segment Information,” for the Company’s disaggregated revenue disclosure. The Company offers extended warranty coverage that is included in the sales price of certain products, which it accounts for as service warranties. The Company accounts for the deferred revenue associated with extended service warranties as a contract liability. The balance of contract liabilities associated with service warranty performance obligations was $3,149 and $2,757 as of April 30, 2024 and July 31, 2023, respectively. The current portion and non-current portion of contract liabilities are included in “Other current liabilities” and “Other liabilities," respectively, on the condensed consolidated balance sheets. The Company recognized revenue of $325 and $311 during the three months ended April 30, 2024 and 2023, respectively, and $960 and $928 during the nine months ended April 30, 2024 and 2023, respectively, that was included in the contract liability balance at the beginning of the respective period from the amortization of extended service warranties. Of the contract liability balance outstanding at April 30, 2024, the Company expects to recognize 11% by the end of fiscal 2024, an additional 36% by the end of fiscal 2025, and the remaining balance thereafter.

- 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
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-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
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-Name Accounting Standards Codification
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-Paragraph 10
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 12
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/606/tableOfContent

+ Details

Other Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 81,440	$ 83,225
Finite-Lived Intangible Assets, Accumulated Amortization	(27,547)	(21,129)
Intangible Assets, Net (Excluding Goodwill), Total	53,893	62,096
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 7,552	$ 8,285
Tradenames
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	3 years	3 years
Finite-Lived Intangible Assets, Gross	$ 600	$ 1,114
Finite-Lived Intangible Assets, Accumulated Amortization	(583)	(947)
Finite-Lived Intangible Assets, Net	$ 17	$ 167
Customer relationships
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years	9 years
Finite-Lived Intangible Assets, Gross	$ 64,048	$ 64,513
Finite-Lived Intangible Assets, Accumulated Amortization	(21,304)	(15,947)
Finite-Lived Intangible Assets, Net	$ 42,744	$ 48,566
Technology-Based Intangible Assets
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years	5 years
Finite-Lived Intangible Assets, Gross	$ 9,240	$ 9,313
Finite-Lived Intangible Assets, Accumulated Amortization	(5,660)	(4,235)
Finite-Lived Intangible Assets, Net	$ 3,580	$ 5,078

New Accounting Pronouncements (Notes)	9 Months Ended
New Accounting Pronouncements (Notes)	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Standards not yet adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The guidance requires expanded interim and annual disclosures of segment information including the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within segment profit and loss. The guidance is effective for the Company's fiscal 2025 Form 10-K and interim periods thereafter. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The guidance requires expanded annual disclosures including the standardization and disaggregation of income tax rate reconciliation categories and the amount of income taxes paid by jurisdiction. The guidance is effective for the Company’s fiscal 2026 Form 10-K. The Company is currently evaluating the ASU to determine its impact on the Company’s disclosures.

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 3,149		$ 3,149		$ 2,757
Deferred Revenue, Revenue Recognized	$ 325	$ 311	$ 960	$ 928
Remaining Performance Obligations Expected as Revenue During the Remainder of the Current Fiscal Year	11.00%		11.00%
Remaining Performance Obligations Expected as Revenue Over the Next Full Fiscal Year	36.00%		36.00%

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Fair Value, Inputs, Level 1 [Member] \| Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	$ 19,238	$ 18,288
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 Exchange Contracts	602	492
Fair Value, Inputs, Level 2 [Member] \| Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Exchange Contracts	$ 0	$ 189

Additional Balance Sheet Information (Tables)

9 Months Ended

Apr. 30, 2024

Table Text Block [Abstract]

Schedule of Inventory

Inventories consisted of the following as of April 30, 2024 and July 31, 2023:


	April 30, 2024		July 31, 2023
Finished products	$	89,054	$	103,350
Work-in-process	24,663		26,884
Raw materials and supplies	39,555		46,844
Total inventories	$	153,272	$	177,078

Subsequent Events (Notes)	3 Months Ended
Subsequent Events (Notes)	Apr. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On May 20, 2024, the Board of Directors declared a quarterly cash dividend to shareholders of the Company’s Class A and Class B Common Stock of $0.235 per share payable on July 31, 2024, to shareholders of record at the close of business on July 10, 2024.

Property, Plant and Equipment Accumulated Depreciation (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Property, Plant and Equipment, Gross [Abstract]
Accumulated Depreciation of PPE	$ 302,424	$ 292,680

Other Intangible Assets (Notes)

9 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Other Intangible Assets

Other intangible assets as of April 30, 2024 and July 31, 2023 consisted of the following:


	April 30, 2024							July 31, 2023
	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	$	600	$	(583)	$	17	3	$	1,114	$	(947)	$	167
Customer relationships	9	64,048		(21,304)		42,744		9	64,513		(15,947)		48,566
Technology	5	9,240		(5,660)		3,580		5	9,313		(4,235)		5,078
Unamortized other intangible assets:
Tradenames	N/A	7,552		—		7,552		N/A	8,285		—		8,285
Total		$	81,440	$	(27,547)	$	53,893		$	83,225	$	(21,129)	$	62,096

The decrease in the gross carrying amount of other intangible assets as of April 30, 2024 compared to July 31, 2023 was primarily due to the removal of a fully amortized tradename as well as a discontinued tradename during the nine-month period.

Amortization expense of intangible assets was $2,365 and $2,461 for the three months ended April 30, 2024 and 2023, respectively, and $7,084 and $9,350 for the nine months ended April 30, 2024 and 2023, respectively.

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Earnings Per Share [Line Items]
Net income	$ 50,890	$ 48,052	$ 141,759	$ 125,479
Denominator for basic income per share for both Class A and Class B	48,004	49,653	48,294	49,755
Plus: Effect of dilutive equity awards	382	348	346	278
Denominator for diluted income per share for both Class A and Class B	48,386	50,001	48,640	50,033
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Basic	$ 1.06	$ 0.97	$ 2.94	$ 2.52
Diluted	$ 1.05	$ 0.96	$ 2.91	$ 2.51
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ 0	$ 0	$ 748	$ 769
Preferential dividends on dilutive stock options	0	0	(5)	(4)
Numerator for basic and diluted income per Class B Voting Common Share	$ 50,890	$ 48,052	$ 141,006	$ 124,706
Basic	$ 1.06	$ 0.97	$ 2.92	$ 2.51
Diluted	$ 1.05	$ 0.96	$ 2.90	$ 2.49

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Net sales	$ 343,384	$ 337,116	$ 997,991	$ 985,934
Cost of goods sold	166,357	167,425	487,162	504,539
Gross margin	177,027	169,691	510,829	481,395
Operating expenses:
Research and development	17,681	15,715	50,215	45,025
Selling, general and administrative	95,803	90,975	283,415	273,202
Total operating expenses	113,484	106,690	333,630	318,227
Operating income	63,543	63,001	177,199	163,168
Other income (expense):
Investment and other income	1,596	785	4,718	1,596
Interest expense	(728)	(753)	(2,284)	(2,886)
Income before income taxes	64,411	63,033	179,633	161,878
Income tax expense	13,521	14,981	37,874	36,399
Net income	$ 50,890	$ 48,052	$ 141,759	$ 125,479
Weighted average common shares outstanding:
Basic	48,004	49,653	48,294	49,755
Diluted	48,386	50,001	48,640	50,033
Class A Nonvoting Common Stock
Earnings Per Share
Basic	$ 1.06	$ 0.97	$ 2.94	$ 2.52
Diluted	1.05	0.96	2.91	2.51
Class B Voting Common Stock
Earnings Per Share
Basic	1.06	0.97	2.92	2.51
Diluted	$ 1.05	$ 0.96	$ 2.90	$ 2.49

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Apr. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Commitment and Contingencies (Notes)	9 Months Ended
Commitment and Contingencies (Notes)	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	Contingencies In 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.

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Segment Profit
Segment profit	$ 69,234	$ 66,291	$ 194,824	$ 177,827
Americas & Asia
Segment Profit
Segment profit	49,697	49,192	143,489	130,511
Europe & Australia
Segment Profit
Segment profit	$ 19,537	$ 17,099	$ 51,335	$ 47,316

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Leases [Abstract]
Operating Lease, Cost	$ 3,688	$ 3,997	$ 11,557	$ 11,645
Operating cash outflows from operating leases			12,441	13,196
Operating lease assets obtained in exchange for new operating lease liabilities (1)			$ 8,903	$ 6,545

Additional Balance Sheet Information (Notes)

9 Months Ended

Apr. 30, 2024

Disclosure Text Block [Abstract]

Additional Balance Sheet Disclosure

Additional Balance Sheet Information

Inventories

Inventories consisted of the following as of April 30, 2024 and July 31, 2023:


	April 30, 2024		July 31, 2023
Finished products	$	89,054	$	103,350
Work-in-process	24,663		26,884
Raw materials and supplies	39,555		46,844
Total inventories	$	153,272	$	177,078

Property, plant and equipment

Property, plant and equipment is presented net of accumulated depreciation in the amount of $302,424 and $292,680 as of April 30, 2024 and July 31, 2023, respectively.

Net Income per Common Share (Tables)

9 Months Ended

Apr. 30, 2024

Earnings Per Share [Abstract]

Schedule of the reconciliation of the numerator and denominator of Basic and Diluted Earnings 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:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	50,890	$	48,052	$	141,759	$	125,479
Less:
Preferential dividends	—		—		(748)		(769)
Preferential dividends on dilutive stock options	—		—		(5)		(4)
Numerator for basic and diluted income per Class B Voting Common Share	$	50,890	$	48,052	$	141,006	$	124,706
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	48,004		49,653		48,294		49,755
Plus: Effect of dilutive equity awards	382		348		346		278
Denominator for diluted income per share for both Class A and Class B	48,386		50,001		48,640		50,033
Net income per Class A Nonvoting Common Share:
Basic	$	1.06	$	0.97	$	2.94	$	2.52
Diluted	$	1.05	$	0.96	$	2.91	$	2.51
Net income per Class B Voting Common Share:
Basic	$	1.06	$	0.97	$	2.92	$	2.51
Diluted	$	1.05	$	0.96	$	2.90	$	2.49

Derivatives and Hedging Activities (Notes)

9 Months Ended

Apr. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities Disclosure

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 on 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 currency 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:


	April 30, 2024		July 31, 2023
Designated as cash flow hedges	$	13,284	$	39,661
Non-designated hedges	4,793		4,803
Total foreign exchange contracts	$	18,077	$	44,464

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 condensed consolidated balance sheets. For these instruments, the effective portion of 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. As of April 30, 2024 and July 31, 2023, unrealized gains of $1,104 and $1,580 have been included in OCI, 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 condensed consolidated statements of comprehensive income. As of April 30, 2024 and July 31, 2023, the cumulative balances recognized in accumulated other comprehensive income were losses of $799 and $1,746, 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:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Gains (losses) recognized in OCI:
Forward exchange contracts (cash flow hedges)	$	447	$	496	$	1,236	$	2,165
Foreign currency denominated debt (net investment hedges)	408		(661)		947		(1,502)
Gains reclassified from OCI into cost of goods sold
Forward exchange contracts (cash flow hedges)	173		463		1,712		1,261

Fair values of derivative instruments in the condensed consolidated balance sheets were as follows:


	April 30, 2024						July 31, 2023
	Prepaid expenses and other current assets		Other current liabilities		Long-term obligations		Prepaid expenses and other current assets		Other current liabilities		Long-term obligations
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	595	$	—	$	—	$	485	$	189	$	—
Foreign currency denominated debt (net investment hedges)	—		—		35,774		—		—		36,716
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	7		—		—		7		—		—
Total derivative instruments	$	602	$	—	$	35,774	$	492	$	189	$	36,716

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Current assets:
Cash and cash equivalents	$ 160,458	$ 151,532
Accounts receivable, net of allowance for credit losses of $6,690 and $8,467, respectively	195,099	184,420
Inventories	153,272	177,078
Prepaid expenses and other current assets	12,443	11,790
Total current assets	521,272	524,820
Assets, Noncurrent
Property, plant and equipment—net	194,732	142,149
Goodwill	588,095	592,646
Other intangible assets	53,893	62,096
Deferred income taxes	14,881	15,716
Operating lease assets	27,438	29,688
Other assets	23,785	22,142
Total	1,424,096	1,389,257
Current liabilities:
Accounts payable	79,965	79,855
Accrued compensation and benefits	73,697	71,470
Taxes, other than income taxes	14,462	13,575
Accrued income taxes	7,945	12,582
Current operating lease liabilities	12,230	14,726
Other current liabilities	64,850	65,828
Total current liabilities	253,149	258,036
Liabilities, Noncurrent
Long-term debt	63,774	49,716
Long-term operating lease liabilities	15,552	16,217
Other liabilities	69,519	74,369
Total liabilities	401,994	398,338
Stockholders’ equity:
Additional paid-in capital	354,432	351,771
Retained earnings	1,129,739	1,021,870
Treasury stock—7,319,774 and 6,252,763 shares, respectively, of Class A nonvoting common stock, at cost	(356,210)	(290,209)
Accumulated other comprehensive loss	(106,407)	(93,061)
Total stockholders’ equity	1,022,102	990,919
Total	1,424,096	1,389,257
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

Income Taxes (Notes)	9 Months Ended
Income Taxes (Notes)	Apr. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes The income tax rate for the three months ended April 30, 2024 and 2023 was 21.0% and 23.8%, respectively. The income tax rate for the nine months ended April 30, 2024 and 2023, was 21.1% and 22.5%, respectively. The decrease in the tax rate in the nine-month period was primarily due to tax benefits from stock-based compensation and other permanent adjustments. The Company expects its ongoing annual income tax rate to be approximately 21% based on its current global business mix and based on tax laws and statutory rates currently in effect.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: 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 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 2
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 50,890	$ 48,052	$ 141,759	$ 125,479
Other comprehensive (loss) income:
Foreign currency translation adjustments	(6,537)	95	(12,310)	12,985
Cash flow hedges:
Net gain recognized in other comprehensive (loss) income	447	496	1,236	2,165
Reclassification adjustment for gains included in net income	(173)	(463)	(1,712)	(1,261)
Other Comprehensive Income (Loss), Cash Flow Hedge Gain, after Reclassification, before Tax, Total	274	33	(476)	904
Pension and other post-retirement benefits actuarial gain amortization	(152)	(151)	(454)	(267)
Other comprehensive (loss) income, before tax	(6,415)	(23)	(13,240)	13,622
Income tax (expense) benefit related to items of other comprehensive (loss) income	(51)	(8)	(106)	54
Other comprehensive (loss) income, net of tax	(6,466)	(31)	(13,346)	13,676
Comprehensive income	$ 44,424	$ 48,021	$ 128,413	$ 139,155

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Apr. 30, 2024	May 20, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2024
Document Transition Report	false
Entity File Number	1-14959
Entity Registrant Name	BRADY CORP
Entity Incorporation, State or Country Code	WI
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000746598
Current Fiscal Year End Date	--07-31
Entity Tax Identification Number	39-0178960
Entity Address, Address Line One	6555 West Good Hope Road
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53223
City Area Code	414
Local Phone Number	358-6600
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Trading Symbol	BRC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Class A Nonvoting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		43,941,713
Class B Voting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

Derivative Instruments and Hedging Activities Pre-Tax Gains and Losses related to Foreign Exchange Contracts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gain recognized in other comprehensive (loss) income	$ 447	$ 496	$ 1,236	$ 2,165
Foreign currency denominated debt (net investment hedges)	408	(661)	947	(1,502)
Forward exchange contracts (cash flow hedges)	$ 173	$ 463	$ 1,712	$ 1,261

Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Apr. 30, 2024

Apr. 30, 2023

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

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the nine months ended April 30, 2024:


	Unrealized gain on cash flow hedges		Unamortized gain on post-retirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Beginning balance, July 31, 2023	$	1,641	$	756	$	(95,458)	$	(93,061)
Other comprehensive income (loss) before reclassification	702		—		(12,310)		(11,608)
Amounts reclassified from accumulated other comprehensive loss	(1,284)		(454)		—		(1,738)
Ending balance, April 30, 2024	$	1,059	$	302	$	(107,768)	$	(106,407)

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 2023 were as follows:


	Unrealized gain on cash flow hedges		Unamortized gain on post-retirement plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Beginning balance, July 31, 2022	$	954	$	1,436	$	(111,467)	$	(109,077)
Other comprehensive income before reclassification	1,966		—		12,985		14,951
Amounts reclassified from accumulated other comprehensive loss	(946)		(329)		—		(1,275)
Ending balance, April 30, 2023	$	1,974	$	1,107	$	(98,482)	$	(95,401)

Schedule of Income Tax Benefit on the Components of Other Comprehensive Loss

The following table illustrates the income tax (expense) benefit on the components of other comprehensive (loss) income for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Income tax (expense) benefit related to items of other comprehensive (loss) income:
Cash flow hedges	$	(51)	$	(8)	$	(106)	$	116
Pension and other post-retirement benefits	—		—		—		(62)
Income tax (expense) benefit related to items of other comprehensive (loss) income	$	(51)	$	(8)	$	(106)	$	54

Subsequent Events (Detail) - Subsequent Event [Member] - $ / shares	Jul. 31, 2024	Jul. 10, 2024	May 20, 2024
Subsequent Event [Line Items]
Dividends Payable, Date Declared			May 20, 2024
Dividend declared (USD per share)			$ 0.235
Dividends Payable, Date to be Paid	Jul. 31, 2024
Dividends Payable, Date of Record		Jul. 10, 2024

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Derivative [Line Items]
Derivative, Notional Amount	$ 18,077	$ 44,464
Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	13,284	39,661
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	$ 4,793	$ 4,803

Fair Value Measurements (Notes)

9 Months Ended

Apr. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements Disclosure

Fair Value Measurements

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

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

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

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

The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of April 30, 2024 and July 31, 2023:


	April 30, 2024		July 31, 2023		Fair Value Hierarchy
Assets:
Deferred compensation plan assets	$	19,238	$	18,288	Level 1
Foreign exchange contracts	602		492		Level 2
Liabilities:
Foreign exchange contracts	—		189		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 condensed 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 K, “Derivatives and Hedging Activities,” for additional information.

The fair values of cash and cash equivalents, accounts receivable, accounts payable, and other liabilities approximated carrying values due to their short-term nature.

- 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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
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-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Pay vs Performance Disclosure
Net income	$ 50,890	$ 48,052	$ 141,759	$ 125,479

- Definition

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

+ References

+ Details

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Inventory [Line Items]
Finished products	$ 89,054	$ 103,350
Work-in-process	24,663	26,884
Raw materials and supplies	39,555	46,844
Total inventories	$ 153,272	$ 177,078

Leases (Tables)

9 Months Ended

Apr. 30, 2024

Leases [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2024 and 2023 was as follows:


	Nine months ended April 30,
	2024		2023
Operating cash outflows from operating leases	$	12,441	$	13,196
Operating lease assets obtained in exchange for new operating lease liabilities (1)	8,903		6,545

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

Net Income per Common Share (Notes)

9 Months Ended

Apr. 30, 2024

Earnings Per Share [Abstract]

Net Income per Common Share Disclosure

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:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	50,890	$	48,052	$	141,759	$	125,479
Less:
Preferential dividends	—		—		(748)		(769)
Preferential dividends on dilutive stock options	—		—		(5)		(4)
Numerator for basic and diluted income per Class B Voting Common Share	$	50,890	$	48,052	$	141,006	$	124,706
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	48,004		49,653		48,294		49,755
Plus: Effect of dilutive equity awards	382		348		346		278
Denominator for diluted income per share for both Class A and Class B	48,386		50,001		48,640		50,033
Net income per Class A Nonvoting Common Share:
Basic	$	1.06	$	0.97	$	2.94	$	2.52
Diluted	$	1.05	$	0.96	$	2.91	$	2.51
Net income per Class B Voting Common Share:
Basic	$	1.06	$	0.97	$	2.92	$	2.51
Diluted	$	1.05	$	0.96	$	2.90	$	2.49

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 the Company's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 47,409 and 447,210 for the three months ended April 30, 2024 and 2023, respectively, and 136,919 and 555,247 for the nine months ended April 30, 2024 and 2023, respectively.

Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 2,365	$ 2,461	$ 7,084	$ 9,350

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2024	Jul. 31, 2023
Accounts Receivable, Allowance for Credit Loss, Current	$ 6,690	$ 8,467
Class A Nonvoting Common Stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	43,941,713	45,008,724
Treasury Stock, Common, Shares	7,319,774	6,252,763
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

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2024	Apr. 30, 2023
Class A Nonvoting Common Stock
Common Stock, Dividends, Per Share, Declared	$ 0.2350	$ 0.2300	$ 0.7050	$ 0.6900
Class B Voting Common Stock
Common Stock, Dividends, Per Share, Declared	$ 0.2350	$ 0.2300	$ 0.6884	$ 0.6734

Segment Information (Notes)

9 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

Segment Information Disclosure

Segment Information

The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The following is a summary of net sales by segment and geographic region for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Net sales:
Americas & Asia
Americas	$	200,602	$	198,074	$	582,864	$	584,505
Asia	24,164		24,739		75,171		76,870
Total	$	224,766	$	222,813	$	658,035	$	661,375
Europe & Australia
Europe	$	104,925	$	100,480	$	299,629	$	284,432
Australia	13,693		13,823		40,327		40,127
Total	$	118,618	$	114,303	$	339,956	$	324,559

Total Company	$	343,384	$	337,116	$	997,991	$	985,934

The following is a summary of segment profit for the three and nine months ended April 30, 2024 and 2023:


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Segment profit:
Americas & Asia	$	49,697	$	49,192	$	143,489	$	130,511
Europe & Australia	19,537		17,099		51,335		47,316
Total profit from reportable segments	$	69,234	$	66,291	$	194,824	$	177,827


	Three months ended April 30,				Nine months ended April 30,
	2024		2023		2024		2023
Total profit from reportable segments	$	69,234	$	66,291	$	194,824	$	177,827
Unallocated amounts:
Administrative costs	(5,691)		(7,060)		(17,625)		(18,429)
Gain on sale of business	—		3,770		—		3,770
Investment and other income	1,596		785		4,718		1,596
Interest expense	(728)		(753)		(2,284)		(2,886)
Income before income taxes	$	64,411	$	63,033	$	179,633	$	161,878

- 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.

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+ Details

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (93,061)	$ (109,077)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(11,608)	14,951
Amounts reclassified from accumulated other comprehensive loss	(1,738)	(1,275)
Ending balance	(106,407)	(95,401)
Unrealized gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,641	954
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	702	1,966
Amounts reclassified from accumulated other comprehensive loss	(1,284)	(946)
Ending balance	1,059	1,974
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	756	1,436
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Amounts reclassified from accumulated other comprehensive loss	(454)	(329)
Ending balance	302	1,107
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(95,458)	(111,467)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(12,310)	12,985
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	$ (107,768)	$ (98,482)

- 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

- Definition

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

+ References + Details

- Definition

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

+ References + Details