Income Taxes (Tables)

12 Months Ended

Jul. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of (Loss) Earnings from Continuing Operations

Income before income taxes and losses of unconsolidated affiliate consists of the following:

	Years Ended July 31,
	2020		2019		2018
United States	$	69,433	$	55,077	$	48,903
Other Nations	71,503		109,567		103,112
Total	$	140,936	$	164,644	$	152,015

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense consists of the following:

	Years Ended July 31,
	2020		2019		2018
Current income tax expense:
United States	$	3,031	$	2,232	$	2,830
Other Nations	25,133		22,445		26,593
States (U.S.)	1,160		913		910
	$	29,324	$	25,590	$	30,333
Deferred income tax expense (benefit):
United States	$	1,072	$	8,451	$	30,267
Other Nations	(2,065)		(667)		(1,462)
States (U.S.)	(10)		12		1,817
	$	(1,003)	$	7,796	$	30,622
Total income tax expense	$	28,321	$	33,386	$	60,955

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences are as follows as of July 31, 2020 and 2019:

	July 31, 2020
	Assets		Liabilities		Total
Inventories	$	4,385	$	(58)	$	4,327
Prepaid catalog costs	—		(15)		(15)
Employee compensation and benefits	3,339		(72)		3,267
Accounts receivable	1,518		—		1,518
Fixed assets	3,663		(7,285)		(3,622)
Intangible assets	1,026		(31,488)		(30,462)
Deferred and equity-based compensation	7,851		—		7,851
Postretirement benefits	3,002		(31)		2,971
Tax credit and net operating loss carry-forwards	56,447		—		56,447
Valuation allowances	(58,809)		—		(58,809)
Other, net	11,786		(4,700)		7,086
Total	$	34,208	$	(43,649)	$	(9,441)

	July 31, 2019
	Assets		Liabilities		Total
Inventories	$	3,856	$	(1)	$	3,855
Prepaid catalog costs	—		(631)		(631)
Employee compensation and benefits	7,021		(89)		6,932
Accounts receivable	943		(233)		710
Fixed assets	3,125		(6,869)		(3,744)
Intangible assets	1,432		(31,415)		(29,983)
Deferred and equity-based compensation	7,352		—		7,352
Postretirement benefits	2,659		(71)		2,588
Tax credit and net operating loss carry-forwards	62,966		—		62,966
Valuation allowances	(60,073)		—		(60,073)
Other, net	7,406		(7,961)		(555)
Total	$	36,687	$	(47,270)	$	(10,583)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax rate computed by applying the statutory U.S. federal income tax rate to income before income taxes and losses of unconsolidated affiliate to the total income tax expense is as follows:

	Years Ended July 31,
	2020		2019		2018
Tax at statutory rate	21.0	%	21.0	%	26.9	%
State income taxes, net of federal tax benefit	1.0	%	0.3	%	1.6	%
International rate differential(1)	5.1	%	2.2	%	(1.1)	%
Rate variances arising from foreign subsidiary distributions	0.2	%	(0.4)	%	0.8	%
Foreign tax credit carryforward valuation allowance(2)	(1.4)	%	1.8	%	14.1	%
Divestiture of business(3)	—	%	—	%	(0.8)	%
Adjustments to tax accruals and reserves(4)	(2.0)	%	(3.6)	%	2.2	%
Non-deductible executive compensation(5)	0.5	%	2.3	%	0.5	%
Research and development tax credits and domestic manufacturer’s deduction	(2.0)	%	(1.6)	%	(2.0)	%
Deferred tax and other adjustments, net	(2.3)	%	(1.7)	%	(2.1)	%
Income tax rate	20.1	%	20.3	%	40.1	%

(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2020, 2019, and 2018.

(2)The year ended July 31, 2018, includes the establishment of a valuation allowance against foreign tax credit carryforwards as a result of the Tax Reform Act.

(3)The year ended July 31, 2018, includes the divestiture of the Company's Runelandhs business based in Sweden. Refer to Note 15, "Divestiture" for additional information.

(4)The years ended July 31, 2020 and 2019, include reductions of uncertain tax positions resulting from the closure of audits and lapses in statues of limitations, while the year ended July 31, 2018, includes increases in uncertain tax positions.

(5)The years ended July 31, 2020, 2019 and 2018, include non-deductible compensation such as salaries, bonuses, and other equity compensation of the Company's executives (as defined in Internal Revenue Service Code Section 162(m)).

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of unrecognized tax benefits (excluding interest and penalties) is as follows:

Balance at July 31, 2017	$	18,362
Additions based on tax positions related to the current year	2,467
Additions for tax positions of prior years	1,586
Reductions for tax positions of prior years	(23)
Lapse of statute of limitations	(489)
Settlements with tax authorities	(1,277)
Cumulative translation adjustments and other	(196)
Balance as of July 31, 2018	$	20,430
Additions based on tax positions related to the current year	2,518
Additions for tax positions of prior years	612
Reductions for tax positions of prior years	(378)
Lapse of statute of limitations	(8,140)
Cumulative translation adjustments and other	(201)
Balance as of July 31, 2019	$	14,841
Additions based on tax positions related to the current year	2,798
Additions for tax positions of prior years	1,295
Reductions for tax positions of prior years	(5,087)
Lapse of statute of limitations	(117)
Cumulative translation adjustments and other	(108)
Balance as of July 31, 2020	$	13,622

Schedule of Open Tax Years by Major Jurisdictions

The following table summarizes the open tax years for the Company's major jurisdictions:

Jurisdiction	Open Tax Years
United States — Federal	F’18 — F’20