COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Apr. 30, 2023

Comprehensive income (loss) combines net income (loss) and other comprehensive items. Other comprehensive items represent certain amounts that are reported as components of stockholders' equity in the accompanying condensed consolidated balance sheets. Accumulated other comprehensive items consist of the following:


	Foreign Currency Items		Pension Items		Total
	(In thousands)
Accumulated other comprehensive income (loss) as of July 31, 2022	$	6,063	$	(1,923)	$	4,140
Foreign currency translation adjustment	999		—		999

Pension liability adjustments	—		(1,078)		(1,078)
Net current-period other comprehensive income	999		(1,078)		(79)
Accumulated other comprehensive income (loss) as of April 30, 2023	$	7,062	$	(3,001)	$	4,061


	Foreign Currency Items		Pension Items		Total
	(In thousands)
Accumulated other comprehensive income (loss) as of July 31, 2021	$	9,762	$	(2,600)	$	7,162
Foreign currency translation adjustment	(2,276)		—		(2,276)


Net current-period other comprehensive income	(2,276)		—		(2,276)
Accumulated other comprehensive income (loss) as of April 30, 2022	$	7,486	$	(2,600)	$	4,886

During the year ended July 31, 2020, a Netherlands defined benefit pension plan was amended such that active participants no longer accrued benefits as of January 1, 2020, which resulted in a pre-tax curtailment gain of $2.4 million recognized in accumulated other comprehensive income (loss). At that time, the active plan participants were moved into a new defined benefit contribution pension plan. During the nine months ended April 30, 2023, the Company recorded an increase of approximately $1.1 million to accrued pension liabilities for the defined benefit pension plan as it was determined that plan participants are entitled to unconditional indexation of benefits for as long as they remain in active service with the Company.