Basis of Statement Presentation Level 3 (Tables)

6 Months Ended

Jan. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The effects of the corrections to each of the individual affected line items in our unaudited Condensed Consolidated Statements of Income were as follows (in thousands):

	For the Three Months Ended January 31, 2021
	As Previously Reported		Corrections		As Corrected
Cost of Sales	$	(56,328)	$	(1,483)	$	(57,811)
Selling, General and Administrative Expenses	$	(13,928)	$	1,483	$	(12,445)
	For the Six Months Ended January 31, 2021
	As Previously Reported		Corrections		As Corrected
Cost of Sales	$	(112,121)	$	(3,007)	$	(115,128)
Selling, General and Administrative Expenses	$	(29,055)	$	3,007	$	(26,048)

The related impacts to Inventory in our unaudited Condensed Consolidated Balance Sheet were not considered material and hence, were not adjusted.

The effects of the corrections to our Notes to the unaudited Condensed Consolidated Financial Statements for Operating Segments were as follows (in thousands):

	For the Three Months Ended January 31, 2021
	Income
	As Previously Reported		Corrections		As Corrected
Business to Business Products	$	7,663	$	(550)	$	7,113
Retail and Wholesale Products	$	4,111	$	(933)	$	3,178
Corporate Expenses	$	(7,530)	$	1,483	$	(6,047)
	For the Six Months Ended January 31, 2021
	Income
	As Previously Reported		Corrections		As Corrected
Business to Business Products	$	15,859	$	(1,146)	$	14,713
Retail and Wholesale Products	$	8,589	$	(1,861)	$	6,728
Corporate Expenses	$	(15,027)	$	3,007	$	(12,020)