Segment Information

12 Months Ended

Jul. 31, 2022

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company is organized and managed on a global basis within three operating segments, Identification Solutions ("IDS" or "ID Solutions"), Workplace Safety ("WPS"), and People Identification ("PDC"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The IDS and PDC operating segments aggregate into the IDS reporting segment, while the WPS reporting segment is comprised solely of the Workplace Safety operating segment. The Company evaluates short-term segment performance based on segment profit and customer sales. Impairment charges, interest expense, investment and other income, income taxes, equity in losses of unconsolidated affiliate, and certain corporate administrative expenses are excluded when evaluating segment performance.

Following is a summary of segment information as of and for the years ended July 31, 2022, 2021 and 2020:

	2022		2021		2020
Net sales:
ID Solutions:
Americas	$	670,355	$	551,938	$	532,357
Europe	232,794		191,854		165,490
Asia	107,734		97,716		86,860
Total	$	1,010,883	$	841,508	$	784,707
Workplace Safety:
Americas	$	82,995	$	85,814	$	92,513
Europe	155,824		163,356		152,407
Australia	52,360		54,020		51,672
Total	$	291,179	$	303,190	$	296,592
Total Company:
Americas	$	753,350	$	637,752	$	624,870
Europe	388,618		355,210		317,897
Asia-Pacific	160,094		151,736		138,532
Total	$	1,302,062	$	1,144,698	$	1,081,299
Depreciation & amortization:
ID Solutions	$	31,009	$	22,248	$	20,745
WPS	3,173		3,235		2,692
Total Company	$	34,182	$	25,483	$	23,437
Segment profit:
ID Solutions	$	197,125	$	169,238	$	150,639
WPS	23,240		22,754		21,019
Total Company	$	220,365	$	191,992	$	171,658
Assets:
ID Solutions	$	1,080,194	$	1,079,331	$	737,589
WPS	173,069		151,090		187,234
Corporate	114,069		147,335		217,643
Total Company	$	1,367,332	$	1,377,756	$	1,142,466
Expenditures for property, plant & equipment:
ID Solutions	$	35,309	$	20,262	$	17,637
WPS	7,829		6,927		9,640
Total Company	$	43,138	$	27,189	$	27,277

Following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the years ended July 31, 2022, 2021 and 2020:

	Years Ended July 31,
	2022		2021		2020
Total profit from reportable segments	$	220,365	$	191,992	$	171,658
Unallocated costs:
Administrative costs	(27,353)		(24,865)		(19,814)
Impairment charges (1)	—		—		(13,821)
Investment and other income	244		4,333		5,079
Interest expense	(1,276)		(437)		(2,166)
Income before income taxes and losses of unconsolidated affiliate	$	191,980	$	171,023	$	140,936
(1) Of the total $13,821 impairment charges recognized in the year ended July 31, 2020, $11,029 related to the WPS segment and $2,792 related to the IDS segment.

	Revenues* Years Ended July 31,						Long-Lived Assets** As of July 31,
	2022		2021		2020		2022		2021		2020
Geographic information:
United States	$	764,930	$	642,268	$	627,160	$	543,187	$	560,405	$	361,005
Other	613,433		565,956		509,530		288,477		309,686		234,330
Eliminations	(76,301)		(63,526)		(55,391)		—		—		—
Consolidated total	$	1,302,062	$	1,144,698	$	1,081,299	$	831,664	$	870,091	$	595,335
* Revenues are attributed based on country of origin.
** Long-lived assets consist of property, plant and equipment, goodwill, other intangible assets, and operating lease assets.