Goodwill and Intangible Assets (Tables)

12 Months Ended

Jul. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of reconciliation of goodwill

Goodwill by reportable segment was as follows (in millions):

	Engine Products Segment		Industrial Products Segment		Total
Balance as of July 31, 2020	$	84.8	$	232.0	$	316.8
Goodwill acquired	—		—		—
Foreign currency translation	(0.1)		5.8		5.7
Balance as of July 31, 2021	84.7		237.8		322.5
Goodwill acquired	—		42.8		42.8
Foreign currency translation	(1.0)		(18.5)		(19.5)
Balance as of July 31, 2022	$	83.7	$	262.1	$	345.8

Schedule of reconciliation of intangibles

Intangible asset classes were as follows (in millions):

	Customer Relationships						Patents, Trademarks and Technology
	Gross Carrying Amount		Accumulated Amortization		Total Net Value		Gross Carrying Amount		Accumulated Amortization		Total Net Value		Total
Balance as of July 31, 2020	$	105.2	$	(50.0)	$	55.2	$	23.7	$	(11.6)	$	12.1	$	67.3
Intangible assets acquired	—		—		—		—		—		—		—
Amortization expense	—		(6.1)		(6.1)		—		(2.1)		(2.1)		(8.2)
Foreign currency translation	2.3		(0.3)		2.0		0.6		(0.1)		0.5		2.5
Balance as of July 31, 2021	107.5		(56.4)		51.1		24.3		(13.8)		10.5		61.6
Intangible assets acquired	3.2		—		3.2		50.5		—		50.5		53.7
Amortization expense	—		(6.0)		(6.0)		—		(3.2)		(3.2)		(9.2)
Foreign currency translation	(6.1)		2.1		(4.0)		(2.9)		0.6		(2.3)		(6.3)
Balance as of July 31, 2022	$	104.6	$	(60.3)	$	44.3	$	71.9	$	(16.4)	$	55.5	$	99.8

Schedule of expected amortization expense

Amortization expense relating to existing intangible assets as of July 31, 2022 was as follows (in millions):

2023	$	8.9
2024	8.5
2025	8.4
2026	8.1
2027	7.8
Thereafter	58.1
Total amortization expense	$	99.8