Derivatives and Hedging Activities (Tables)

9 Months Ended

Apr. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

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

	April 30, 2023		July 31, 2022
Designated as cash flow hedges	$	6,328	$	25,276
Non-designated hedges	4,670		4,057
Total foreign exchange contracts	$	10,998	$	29,333

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:

	Three months ended April 30,				Nine months ended April 30,
	2023		2022		2023		2022
Gains (losses) recognized in OCI:
Forward exchange contracts (cash flow hedges)	$	496	$	475	$	2,165	$	674
Foreign currency denominated debt (net investment hedges)	(661)		—		(1,502)		—
Gains reclassified from OCI into cost of goods sold
Forward exchange contracts (cash flow hedges)	463		44		1,261		647

Schedule of Fair Values of Derivative Instruments in Consolidated Balance Sheets

Fair values of derivative instruments in the condensed consolidated balance sheets were as follows:

	April 30, 2023						July 31, 2022
	Prepaid expenses and other current assets		Other current liabilities		Long-term obligations		Prepaid expenses and other current assets		Other current liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts (cash flow hedges)	$	1,131	$	66	$	—	$	489	$	30
Foreign currency denominated debt (net investment hedges)	—		—		(37,849)		—		—
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	4		—		—		—		2
Total derivative instruments	$	1,135	$	66	$	(37,849)	$	489	$	32