Commitments and Contingencies

3 Months Ended

Oct. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 17. Commitments and Contingencies

The Company records provisions when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. Claims and litigation are reviewed quarterly and provisions are taken or adjusted to reflect the status of a particular matter. The Company believes the estimated liability in its Condensed Consolidated Financial Statements for claims or litigation is adequate and appropriate for the probable and estimable outcomes. Liabilities recorded were not material to the Company’s financial position, results of operations or liquidity. The Company believes it is remote that the settlement of any of the currently identified claims or litigation will be materially in excess of what is accrued.

The Company is party to agreements that include deferred payment provisions representing potential milestone payments for former owners of acquired businesses. The provisions are made up of two general types of arrangements, contingent compensation and contingent consideration. A contingent compensation arrangement is contingent on the former owner’s future employment with the Company and the related amounts are recognized over the required employment period. A contingent consideration agreement is contingent on the achievement of certain revenue and manufacturing milestones, regardless of the former owner's employment status. Contingent consideration was recorded as purchase consideration in both other current and other long-term liabilities on the Condensed Consolidated Balance Sheets at the time of the initial acquisition based on the fair value of the estimated liability. The Company primarily determines the contingent consideration liability based on the forecasted probability of achieving the certain milestones.

The arrangement liabilities, recorded on the Condensed Consolidated Balance Sheets, were as follows (in millions):

		Arrangement Liability				Maximum Payout (1)
	Balance Sheet Location	October 31, 2025		July 31, 2025		October 31, 2025		July 31, 2025		Expires in
Contingent compensation arrangements
Other (2)	Accrued employee compensation and related taxes	$	0.1	$	0.2	$	0.2	$	0.2	FY27
Contingent consideration liability
Purilogics (3)	Other current and other long-term liabilities	$	9.8	$	9.8	$	21.0	$	21.0	FY27
Other	Other current liabilities	$	1.5	$	1.5	$	1.5	$	1.5	FY26

(1)The maximum payout values are inclusive of the respective arrangement liability balance.

(2)The total contingent compensation paid as of October 31, 2025 was $0.1 million, which was paid during fiscal 2026.

(3)The total contingent consideration paid as of October 31, 2025 was $5.0 million, which was paid during fiscal 2025 and 2024.

For additional discussion regarding the fair value of the Company’s contingent consideration liability, see Note 15.