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Goodwill and Intangible Assets | 3 Months Ended
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Oct. 31, 2025
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 months ended October 31, 2025 and 2024. 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 2025 and did not record any impairment as a result of this assessment. Goodwill by reportable segment was as follows (in millions):
| Mobile Solutions Segment |  | Industrial Solutions Segment |  | Life Sciences Segment |  | Total
Balance as of July 31, 2025 | $ | 25.4 |  |  | $ | 298.2 |  |  | $ | 170.0 |  |  | $ | 493.6 |
Foreign currency translation | 0.1 |  |  | (0.2) |  |  | 1.3 |  |  | 1.2 |
Balance as of October 31, 2025 | $ | 25.5 |  |  | $ | 298.0 |  |  | $ | 171.3 |  |  | $ | 494.8 |
Intangible Assets Intangible asset classes were as follows (in millions):
| October 31, 2025
| Weighted Amortizable Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer relationships | 8.4 |  | $ | 74.1 |  |  | $ | (42.7) |  |  | $ | 31.4 |
Trademarks | 6.3 |  | 4.5 |  |  | (2.7) |  |  | 1.8 |
Technology and patents | 16.4 |  | 82.9 |  |  | (20.3) |  |  | 62.6 |
Non-compete agreements | 3.1 |  | 2.5 |  |  | (1.9) |  |  | 0.6 |
Total intangible assets |  |  | $ | 164.0 |  |  | $ | (67.6) |  |  | $ | 96.4 |
| July 31, 2025
| Weighted Amortizable Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer relationships | 8.5 |  | $ | 74.7 |  |  | $ | (43.7) |  |  | $ | 31.0 |
Trademarks | 6.7 |  | 3.8 |  |  | (2.0) |  |  | 1.8 |
Technology and patents | 16.6 |  | 82.9 |  |  | (19.1) |  |  | 63.8 |
Non-compete agreements | 2.9 |  | 2.5 |  | (1.7) |  |  | 0.8 |
Total intangible assets |  |  | $ | 163.9 |  |  | $ | (66.5) |  |  | $ | 97.4 |
Intangible asset amortization expense was $2.5 million and $4.0 million for the three months ended October 31, 2025 and 2024, respectively. Amortization expense is included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings. There was a foreign currency translation loss of $0.1 million and a foreign currency translation gain of $0.4 million for the three months ended October 31, 2025 and 2024, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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