Goodwill and Other Intangible Assets (Notes)

9 Months Ended

Apr. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill for the nine months ended April 30, 2023 were as follows:

	IDS		WPS		Americas & Asia		Europe & Australia		Total
Balance as of July 31, 2022	$	556,151	$	30,681	$	—	$	—	$	586,832
Translation adjustments	3,319		625		—		—		3,944
Balance as of January 31, 2023	559,470		31,306		—		—		590,776
Reallocation due to change in segments	(559,470)		(31,306)		442,290		148,486		—
Divestiture of business	—		—		(1,954)		—		(1,954)
Translation adjustments	—		—		382		1,480		1,862
Balance as of April 30, 2023	$	—	$	—	$	440,718	$	149,966	$	590,684

Effective February 1, 2023, the Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. Prior to February 1, 2023, the Company was organized and managed on a global basis within two business platforms: Identification Solutions ("IDS") and Workplace Safety ("WPS"). As a result, goodwill was allocated to the new reportable segments in accordance with ASC 350, "Intangibles - Goodwill and Other." Refer to Note H, "Segment Information," and Management's Discussion and Analysis for additional information regarding the Company's segment change.

During the nine-month period ended April 30, 2023, goodwill increased $3,852 primarily due to the positive effects of foreign currency translation, which was partially offset by a reduction due to the sale of our PremiSys business within the Americas & Asia segment during the three months ended April 30, 2023.

Other intangible assets as of April 30, 2023 and July 31, 2022, consisted of the following: 

	April 30, 2023							July 31, 2022
	Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Amortized other intangible assets:
Tradenames	3	$	1,762	$	(1,525)	$	237	3	$	1,749	$	(1,014)	$	735
Customer relationships	9	64,049		(13,996)		50,053		9	105,404		(48,428)		56,976
Technology	5	9,241		(3,718)		5,523		5	9,136		(2,241)		6,895
Unamortized other intangible assets:
Tradenames	N/A	9,397		—		9,397		N/A	9,422		—		9,422
Total		$	84,449	$	(19,239)	$	65,210		$	125,711	$	(51,683)	$	74,028

The decrease in the gross carrying amount and accumulated amortization of other intangible assets as of April 30, 2023 compared to July 31, 2022 was primarily due to the removal of a fully amortized customer relationship intangible asset as the period of economic benefit related to this asset has lapsed.

Amortization expense of intangible assets was $2,461 and $3,735 for the three months ended April 30, 2023 and 2022, respectively, and $9,350 and $11,291 for the nine months ended April 30, 2023 and 2022, respectively.