Segment Information (Notes)

6 Months Ended

Jan. 31, 2026

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The Company’s Chief Executive Officer (“CEO”), who is also the Company’s Chief Operating Decision Maker (“CODM”), uses segment profit in measuring segment performance, allocating resources, evaluating performance in periodic reviews, and during the development of the annual budget and the regular forecasting process. The CODM considers budget-to-actual variances on a quarterly basis, as well as segment-specific forecasting, when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses the segment’s net sales in measuring segment performance.

The following is a summary of segment information as of and for the three and six months ended January 31, 2026 and 2025:

	Three months ended January 31,				Six months ended January 31,
	2026		2025		2026		2025
Americas & Asia
Net sales	$	251,604	$	233,846	$	520,497	$	479,274
Cost of goods sold	124,591		119,073		255,697		238,251
Gross margin	127,013		114,773		264,800		241,023
Segment expenses:
Research and development	17,499		12,911		34,214		26,127
Selling, general and administrative	55,763		55,876		116,972		114,010
Total segment expenses	73,262		68,787		151,186		140,137
Segment profit	$	53,751	$	45,986	$	113,614	$	100,886
Europe & Australia
Net sales	$	132,533	$	122,829	$	268,927	$	254,466
Cost of goods sold	65,152		61,759		130,501		129,957
Gross margin	67,381		61,070		138,426		124,509
Segment expenses:
Research and development	6,810		5,812		13,387		11,517
Selling, general and administrative	45,149		43,880		90,885		88,500
Total segment expenses	51,959		49,692		104,272		100,017
Segment profit	$	15,422	$	11,378	$	34,154	$	24,492
Total profit from reportable segments	$	69,173	$	57,364	$	147,768	$	125,378
Reconciliation to income before income taxes
Total profit from reportable segments	$	69,173	$	57,364	$	147,768	$	125,378
Unallocated costs:
Administrative costs	(6,983)		(6,130)		(17,606)		(15,222)
Investment and other income	805		2,125		2,517		3,359
Interest expense	(990)		(1,312)		(2,198)		(2,668)
Income before income taxes	$	62,005	$	52,047	$	130,481	$	110,847
Other Segment Information
Depreciation & amortization:
Americas & Asia	$	7,378	$	6,485	$	14,658	$	13,097
Europe & Australia	3,819		3,447		7,547		6,999
Total Company	$	11,197	$	9,932	$	22,205	$	20,096
Expenditures for property, plant & equipment:
Americas & Asia	$	9,135	$	5,448	$	17,352	$	9,453
Europe & Australia	1,832		1,689		4,595		4,970
Total Company	$	10,967	$	7,137	$	21,947	$	14,423