Derivatives and Hedging Activities (Tables)

12 Months Ended

Jul. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments in Consolidated Balance Sheets

During the fiscal years ended July 31, 2020, 2019, and 2018, the Company recognized gains of $2, losses of $52, and gains of $24, respective

Schedule of Notional Amounts of Outstanding Derivative Positions

The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows:

	July 31, 2020		July 31, 2019
Designated as cash flow hedges	$	24,600	$	26,013
Non-designated hedges	3,107		3,376
Total foreign exchange contracts	$	27,707	$	29,389

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as hedging instruments:

	July 31, 2020		July 31, 2019		July 31, 2018
(Losses) gains recognized in OCI:
Foreign exchange contracts (cash flow hedges)	$	(576)	$	837	$	966
Foreign currency denominated debt (net investment hedges)	1,517		2,480		612
Gains reclassified from OCI into cost of goods sold:
Forward exchange contracts (cash flow hedges)	614		1,048		(551)

Fair Value, by Balance Sheet Grouping

Fair values of derivative and hedging instruments in the accompanying Consolidated Balance Sheets were as follows: 

	July 31, 2020				July 31, 2019
	Prepaid expenses and other current assets		Other current liabilities		Prepaid expenses and other current assets		Other current liabilities		Current maturities on long-term obligations
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	588	$	761	$	472	$	—	$	—
Foreign currency denominated debt (net investment hedges)	—		—		—		—		50,189
Derivatives not designated as hedging instruments:
Foreign exchange contracts	6		16		2		5		—
Total derivative instruments	$	594	$	777	$	474	$	5	$	50,189