Inventories

12 Months Ended

Jul. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following at July 31, 2022 and 2021:

	2022		2021
Raw materials and components	$	78,478,000	62,249,000
Work-in-process and finished goods	40,960,000		38,338,000
Total inventories	119,438,000		100,587,000
Less reserve for excess and obsolete inventories	23,121,000		20,229,000
Inventories, net	$	96,317,000	80,358,000

As of July 31, 2022 and 2021, the amount of inventory directly related to long-term contracts (including contracts-in-progress) was $4,100,000 and $7,028,000, respectively, and the amount of inventory related to contracts from third-party commercial customers who outsource their manufacturing to us was $1,866,000 and $1,509,000, respectively.