Goodwill

12 Months Ended

Jul. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

The change in the carrying amount of goodwill was as follows:

	July 31,
(In thousands)	2025		2024
Beginning balance	$	513,909	$	394,289
Adjustments related to business combinations	207		120,153
Effect of foreign currency exchange rates	3,663		(533)
Ending balance	$	517,779	$	513,909

In accordance with the guidance in ASC 350, goodwill is tested for impairment on an annual basis or upon the occurrence of circumstances that indicate that goodwill may be impaired.

The Company’s annual goodwill impairment analysis, which was performed qualitatively during the fourth quarter of fiscal 2025 and 2024, did not result in an impairment charge. This qualitative analysis considered all relevant factors specific to the reporting units, including macroeconomic conditions; industry and market considerations; overall financial performance; and relevant entity-specific events.