Goodwill

12 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill

Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2021 and 2020, were as follows:

	IDS		WPS		Total
Balance as of July 31, 2019	$	379,005	$	31,982	$	410,987
Translation adjustments	3,342		1,705		5,047
Balance as of July 31, 2020	$	382,347	$	33,687	$	416,034
Current year acquisitions	195,166		—		195,166
Translation adjustments	1,422		1,515		2,937
Balance as of July 31, 2021	$	578,935	$	35,202	$	614,137

Goodwill increased $198,103 for the year ended July 31, 2021. Of the $198,103 increase, $139,347 was due to the acquisition of Code, $43,235 was due to the acquisition of Magicard, $12,584 was due to the acquisition of Nordic ID, and $2,937 was due to the positive effects of foreign currency translation.

The annual impairment testing performed on May 1, 2021, in accordance with ASC 350, “Intangibles - Goodwill and Other” indicated that all of the reporting units with goodwill remaining (IDS Americas & Europe, PDC, and WPS Europe) had a fair value substantially in excess of its carrying value.