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Goodwill and Intangible Assets | 9 Months Ended
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Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 6. Goodwill and Intangible Assets Goodwill The Company allocates goodwill to reporting units within its Mobile Solutions, Industrial Solutions and Life Sciences segments. There were no dispositions or impairment charges recorded during the three and nine months ended April 30, 2023 and 2022. Goodwill is assessed for impairment annually during the third quarter of the fiscal year, or more frequently if events or changes in circumstances indicate the asset may be impaired. The Company performed its annual impairment assessment during the third quarter of fiscal 2023 and did not record any impairment as a result of this assessment. In addition, as a result of the organization redesign, the Company performed a qualitative impairment assessment based on the new segments in the second quarter of fiscal 2023 and concluded there was no impairment. Goodwill by reportable segment was as follows (in millions):
| Mobile Solutions |  | Industrial Solutions |  | Life Sciences |  | Total
Balance as of July 31, 2022(1) | $ | 25.3 |  |  | $ | 282.1 |  |  | $ | 38.4 |  |  | $ | 345.8 |
Goodwill acquired | — |  |  | — |  |  | 28.1 |  |  | 28.1 |
Foreign currency translation | — |  |  | 4.5 |  |  | 1.9 |  |  | 6.4 |
Balance as of April 30, 2023 | $ | 25.3 |  |  | $ | 286.6 |  |  | $ | 68.4 |  |  | $ | 380.3 |
(1)All prior segment information has been recast to reflect the Company’s new segment structure and current period presentation (see Note 18). Intangible Assets Preliminary intangible assets recognized from the Isolere acquisition were $44.5 million, of which technology was $41.7 million with a 20-year useful life, trademarks were $1.5 million with a 10-year useful life and non-competition agreements were $1.3 million with a three-year useful life. Intangible asset classes were as follows (in millions):
| Customer Relationships |  | Patents, Trademarks and Technology |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Total Net Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Total Net Value |  | Total
Balance as of July 31, 2022 | $ | 104.6 |  |  | $ | (60.3) |  |  | $ | 44.3 |  |  | $ | 71.9 |  |  | $ | (16.4) |  |  | $ | 55.5 |  |  | $ | 99.8 |
Intangible assets acquired | — |  |  | — |  |  | — |  |  | 44.5 |  |  | — |  |  | 44.5 |  |  | 44.5 |
Amortization expense | — |  |  | (4.0) |  |  | (4.0) |  |  | — |  |  | (4.0) |  |  | (4.0) |  |  | (8.0) |
Foreign currency translation | 1.0 |  |  | 0.2 |  |  | 1.2 |  |  | 1.5 |  |  | (0.2) |  |  | 1.3 |  |  | 2.5 |
Balance as of April 30, 2023 | $ | 105.6 |  |  | $ | (64.1) |  |  | $ | 41.5 |  |  | $ | 117.9 |  |  | $ | (20.6) |  |  | $ | 97.3 |  |  | $ | 138.8 |
Amortization expense was $2.9 million and $8.0 million for the three and nine months ended April 30, 2023, respectively, and was $2.4 million and $6.9 million for the three and nine months ended April 30, 2022, respectively. Amortization expense is included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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