Derivatives and Hedging

6 Months Ended

Jan. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

As of January 31, 2026 and July 31, 2025 there were no derivative instruments designated as hedges, except for the net investment hedge discussed below.

Net Investment Hedge

The foreign currency transaction gains and losses on the portion of the Euro-denominated term loan designated and effective as a hedge of the Company’s net investment in its Euro-denominated functional currency subsidiaries are included as a component of the foreign currency translation adjustment. There were no amounts included in the foreign currency translation adjustment for the three months ended January 31, 2026 and there were losses, net of tax, of $1,611 for the six months ended January 31, 2026. Gains, net of tax, included in the foreign currency translation adjustments were $1,487 for the three months ended January 31, 2025 and $238 for the six months ended January 31, 2025.

There were no amounts reclassified out of accumulated other comprehensive income pertaining to the net investment hedge during the three and six-month periods ended January 31, 2026 and January 31, 2025.

Derivatives Not Designated as Hedging Instruments

The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $31,268 and a fair value asset of $9,658 as of January 31, 2026. These other derivative instruments had a notional amount totaling approximately $31,820 and a fair value asset of $9,675 as of July 31, 2025. For these derivative instruments, changes in fair value are recognized in earnings.


	Three Months Ended January 31,
	2026					2025
Gain on Derivatives Not Designated as Hedging Instruments		Other		Interest				Interest
		Income, net		Expense		Sales		Expense




Gain recognized in income, net of tax
Foreign currency forward contracts		$	66	$	—	$	43	$	—

Interest rate swap agreements		—		45		—		30
Total gain		$	66	$	45	$	43	$	30


	Six Months Ended January 31,
	2026						2025
Gain (Loss) on Derivatives Not Designated as Hedging Instruments			Other		Interest				Interest
	Sales		Income, net		Expense		Sales		Expense




Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	$	(88)	$	66	$	—	$	(414)	$	—

Interest rate swap agreements	—		—		23		—		3
Total gain (loss)	$	(88)	$	66	$	23	$	(414)	$	3