Segment Information

12 Months Ended

Jul. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

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 three operating segments: Identification Solutions and People Identification (“PDC”), which aggregated into the IDS reportable segment, and Workplace Safety, which was the WPS reportable segment. As such, all segment-related data has been recast to the new reportable segments. The Company evaluates short-term segment performance based on segment profit and customer sales. Gain or loss on sale of businesses, 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.

The following is a summary of segment information as of and for the years ended July 31, 2023, 2022 and 2021:

	2023		2022		2021
Net sales:
Americas & Asia:
Americas	$	787,426	$	750,391	$	635,714
Asia	101,431		110,693		99,868
Total	$	888,857	$	861,084	$	735,582
Europe & Australia:
Europe	387,743		388,618		355,096
Australia	55,263		52,360		54,020
Total	$	443,006	$	440,978	$	409,116
Total Company	$	1,331,863	$	1,302,062	$	1,144,698
Depreciation & amortization:
Americas & Asia	$	25,269	$	26,950	$	20,649
Europe & Australia	7,101		7,232		4,834
Total Company	$	32,370	$	34,182	$	25,483
Segment profit:
Americas & Asia	$	180,503	$	157,307	$	136,635
Europe & Australia	65,742		63,058		55,357
Total Company	$	246,245	$	220,365	$	191,992
Assets:
Americas & Asia	$	829,562	$	868,922	$	829,278
Europe & Australia	408,163		384,341		401,143
Corporate	151,532		114,069		147,335
Total Company	$	1,389,257	$	1,367,332	$	1,377,756
Expenditures for property, plant & equipment:
Americas & Asia	$	13,256	$	24,051	$	20,344
Europe & Australia	5,970		19,087		6,845
Total Company	$	19,226	$	43,138	$	27,189

The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the years ended July 31, 2023, 2022 and 2021:

	Years Ended July 31,
	2023		2022		2021
Total profit from reportable segments	$	246,245	$	220,365	$	191,992
Unallocated costs:
Administrative costs	(24,802)		(27,353)		(24,865)
Gain on sale of business	3,770		—		—
Investment and other income	4,022		244		4,333
Interest expense	(3,539)		(1,276)		(437)
Income before income taxes and losses of unconsolidated affiliate	$	225,696	$	191,980	$	171,023

The following is a summary of sales by business platform for the years ended July 31, 2023, 2022 and 2021:

	Years Ended July 31,
	2023		2022		2021
IDS	$	1,045,891	$	1,010,883	$	841,508
WPS	285,972		291,179		303,190
Total Company	$	1,331,863	$	1,302,062	$	1,144,698

The following is a summary of sales and long-lived assets by geographic region for the years ended July 31, 2023, 2022 and 2021:

	Revenues* Years Ended July 31,						Long-Lived Assets** As of July 31,
	2023		2022		2021		2023		2022		2021
Geographic information:
United States	$	790,596	$	764,930	$	642,268	$	524,258	$	543,187	$	560,405
Other	610,553		613,433		565,956		302,321		288,477		309,686
Eliminations	(69,286)		(76,301)		(63,526)		—		—		—
Consolidated total	$	1,331,863	$	1,302,062	$	1,144,698	$	826,579	$	831,664	$	870,091
* 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.