Derivatives and Hedging (Tables)

6 Months Ended

Jan. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

The total amounts presented in the Condensed Consolidated Statements of Income and Comprehensive Income due to changes in the fair value of the derivative instruments are as follows:

	Three Months Ended January 31,
	2024		2023
Gain (Loss) on Derivatives Designated as Cash Flow Hedges
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Interest rate swap agreements (1)	$	—	$	(661)
Total gain (loss)	$	—	$	(661)

(1)Other comprehensive income (loss), net of tax, before reclassification from accumulated other comprehensive income (“AOCI”) was $0 and $(136) for the three months ended January 31, 2024 and 2023, respectively.

	Six Months Ended January 31,
	2024		2023
Gain (Loss) on Derivatives Designated as Cash Flow Hedges
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Interest rate swap agreements (2)	$	—	$	85
Total gain (loss)	$	—	$	85

(2)Other comprehensive income (loss), net of tax, before reclassification from AOCI was $0 and $718 for the six months ended January 31, 2024 and 2023, respectively.

	Three Months Ended January 31,
	2024				2023
			Interest				Interest
	Sales		Expense		Sales		Expense
Gain (Loss) Reclassified from AOCI, Net of Tax
Interest rate swap agreements	$	—	$	—	$	—	$	525
Gain (Loss) on Derivatives Not Designated as Hedging Instruments
Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	(236)		—		1,118		—
Commodities swap agreements	—		—		(1,567)		—
Interest rate swap agreements	—		(205)		—		(83)
Total gain (loss)	$	(236)	$	(205)	$	(449)	$	442

	Six Months Ended January 31,
	2024				2023
			Interest				Interest
	Sales		Expense		Sales		Expense
Gain (Loss) Reclassified from AOCI, Net of Tax
Foreign currency forward contracts	$	—	$	—	$	(58)	$	—
Interest rate swap agreements	—		—		—		633
Gain (Loss) on Derivatives Not Designated as Hedging Instruments
Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	(75)		—		1,946		—
Commodities swap agreements	—		—		(2,229)		—
Interest rate swap agreements	—		(139)		—		171
Total gain (loss)	$	(75)	$	(139)	$	(341)	$	804