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Goodwill
12 Months Ended
Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2023 and 2022, were as follows:
IDSWPSAmericas & AsiaEurope & AustraliaTotal
Balance as of July 31, 2021$578,935 $35,202 $— $— $614,137 
Working capital adjustment(693)— — — (693)
Translation adjustments(22,091)(4,521)— — (26,612)
Balance as of July 31, 2022$556,151 $30,681 $— $— $586,832 
Translation adjustments3,319 625 1,079 2,745 7,768 
Reallocation due to change in segments(559,470)(31,306)442,290 148,486 — 
Divestiture of business— — (1,954)— (1,954)
Balance as of July 31, 2023$— $— $441,415 $151,231 $592,646 
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: IDS and WPS. As a result, goodwill was allocated to the new reportable segments in accordance with ASC 350, "Intangibles - Goodwill and Other." Refer to Note 10, "Segment Information," and Management's Discussion and Analysis for additional information regarding the Company's segment change.
Goodwill increased $5,814 during the year ended July 31, 2023 mainly 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.
Goodwill declined $27,305 during the year ended July 31, 2022 mainly due to the negative effects of foreign currency translation. In addition, the final working capital adjustment from the acquisition of Code decreased the goodwill balance by $693.
The annual impairment testing performed on May 1, 2023, in accordance with ASC 350, “Intangibles - Goodwill and Other” indicated that all of the reporting units with goodwill (North America, Europe and Latin America) had a fair value substantially in excess of its carrying value.