Income Taxes (Tables)

12 Months Ended

Jul. 31, 2025

Schedule of (Loss) Earnings from Continuing Operations

Income before income taxes consists of the following:


	Years Ended July 31,
	2025		2024		2023
United States	$	120,323	$	111,647	$	92,053
Other Nations	116,774		136,194		133,643
Total	$	237,097	$	247,841	$	225,696

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense consists of the following:


	Years Ended July 31,
	2025		2024		2023
Current income tax expense:
United States	$	21,573	$	22,637	$	26,324
Other Nations	29,576		32,121		31,093
States (U.S.)	4,315		5,267		5,894
	$	55,464	$	60,025	$	63,311
Deferred income tax (benefit) expense:
United States	$	(2,667)	$	(7,999)	$	(10,577)
Other Nations	(3,640)		(133)		251
States (U.S.)	(1,316)		(1,267)		(2,146)
	$	(7,623)	$	(9,399)	$	(12,472)
Total income tax expense	$	47,841	$	50,626	$	50,839

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences are as follows as of July 31, 2025 and 2024:


	July 31, 2025
	Assets		Liabilities		Total
Inventories	$	9,147	$	(59)	$	9,088
Employee compensation and benefits	8,982		—		8,982
Accounts receivable	1,772		—		1,772
Fixed assets	8,610		(8,085)		525
Intangible assets	722		(63,886)		(63,164)
Capitalized R&D expenditures	30,525		—		30,525
Deferred and equity-based compensation	9,413		—		9,413
Postretirement benefits	3,336		(252)		3,084
Tax credit and net operating loss carry-forwards	84,160		—		84,160
Valuation allowances	(82,180)		—		(82,180)
Other, net	26,959		(14,067)		12,892
Total	$	101,446	$	(86,349)	$	15,097


	July 31, 2024
	Assets		Liabilities		Total
Inventories	$	7,462	$	(59)	$	7,403
Employee compensation and benefits	9,248		—		9,248
Accounts receivable	1,828		—		1,828
Fixed assets	3,507		(8,148)		(4,641)
Intangible assets	639		(48,248)		(47,609)
Capitalized R&D expenditures	20,252		—		20,252
Deferred and equity-based compensation	9,071		—		9,071
Postretirement benefits	2,463		(52)		2,411
Tax credit and net operating loss carry-forwards	43,929		—		43,929
Valuation allowances	(47,224)		—		(47,224)
Other, net	20,346		(5,462)		14,884
Total	$	71,521	$	(61,969)	$	9,552

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax rate computed by applying the statutory U.S. federal income tax rate to income before income taxes to the total income tax expense is as follows:


	Years Ended July 31,
	2025		2024		2023
Tax at statutory rate	21.0	%	21.0	%	21.0	%
International rate differential (1)	0.8	%	0.7	%	1.7	%
Adjustments to tax accruals and reserves	(0.9)	%	0.2	%	0.2	%
Research and development tax credits	(1.9)	%	(1.6)	%	(1.3)	%
Valuation allowance against foreign tax credits and foreign net operating loss carry-forwards	0.3	%	0.2	%	1.2	%
Other adjustments, net	0.9	%	(0.1)	%	(0.3)	%
Income tax rate	20.2	%	20.4	%	22.5	%

(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2025, 2024, and 2023.

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of unrecognized tax benefits (excluding interest and penalties) is as follows:


Balance as of July 31, 2022	$	20,564
Additions based on tax positions related to the current year	2,902
Additions for tax positions of prior years	792
Reductions for tax positions of prior years	(19)
Lapse of statute of limitations	(2,682)
Settlements with tax authorities	(782)
Cumulative translation adjustments and other	124
Balance as of July 31, 2023	$	20,899
Additions based on tax positions related to the current year	3,130
Additions for tax positions of prior years	1,594
Reductions for tax positions of prior years	(43)
Lapse of statute of limitations	(2,666)
Settlements with tax authorities	(257)
Cumulative translation adjustments and other	(67)
Balance as of July 31, 2024	$	22,590
Additions based on tax positions related to the current year	3,583
Additions for tax positions of prior years (1)	1,035
Reductions for tax positions of prior years	(1,616)
Lapse of statute of limitations	(4,111)

Settlements with tax authorities	(88)
Cumulative translation adjustments and other	409
Balance as of July 31, 2025	$	21,802

Schedule of Open Tax Years by Major Jurisdictions

The following table summarizes the open tax years for the Company's major jurisdictions:


Jurisdiction						Open Tax Years
United States — Federal						F’22 — F’25