XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Derivatives and Hedging Activities (Tables)
3 Months Ended
Oct. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Forward Exchange Contracts
The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows:
  October 31, 2022July 31, 2022
Designated as cash flow hedges$18,967 $25,276 
Non-designated hedges4,190 4,057 
Total foreign exchange contracts$23,157 $29,333 
Schedule of Derivative Instruments, Effect on Other Comprehensive Loss
The following table summarizes the amount of pre-tax gains and losses related to foreign exchange contracts designated as cash flow hedging instruments:
 Three months ended October 31,
20222021
Gains (losses) recognized in OCI$893 $(26)
Gains reclassified from OCI into cost of goods sold581 568 
Schedule of Fair Values of Derivative Instruments in the Condensed Consolidated Balance Sheets
Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: 
 October 31, 2022July 31, 2022
  Prepaid expenses and other current assetsOther current liabilitiesPrepaid expenses and other current assetsOther current liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)$1,135 $— $489 $30 
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)— — 
Total derivative instruments$1,138 $— $489 $32