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DERIVATIVES AND HEDGING (Tables) | 12 Months Ended
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Jul. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | As of July 31, 2022, the fair value of our derivative instruments designated as cash flow hedges, and the associated notional amounts, presented on a pre-tax basis, were as follows:
|  |  |  | July 31, 2022 |  |  |
Cash Flow Hedges |  |  |  |  |  |  |  | Notional |  | Fair Value in Other Current Assets |  | Fair Value in Other Current Liabilities |  |  |
Foreign currency forward contracts |  |  |  |  |  |  |  | $ | 33,997 |  |  | $ | — |  |  | $ | 80 |  |  |  |
Interest rate swap agreements |  |  |  |  |  |  |  | 273,325 |  |  | 850 |  |  | — |  |  |  |
Total derivative financial instruments |  |  |  |  |  |  |  | $ | 307,322 |  |  | $ | 850 |  |  | $ | 80 |  |  |  |
Schedule of Derivative Instruments, Gain (Loss) | The total amounts presented in the Consolidated Statements of Income and Comprehensive Income due to changes in the fair value of the following derivative instruments for the fiscal years ended July 31, 2023, 2022 and 2021 are as follows:
|  | 2023 |  | 2022 |  | 2021
Gain (Loss) on Derivatives Designated as Cash Flow Hedges |  |  |  |  |  |
Gain (loss) recognized in Other comprehensive income (loss), net of tax |  |  |  |  |  |
Foreign currency forward contracts |  | $ | — |  |  | $ | 6 |  |  | $ | (63) |
Interest rate swap agreements (1) |  | (675) |  |  | 9,324 |  |  | 10,231 |
Total gain (loss) |  | $ | (675) |  |  | $ | 9,330 |  |  | $ | 10,168 |
(1)Other comprehensive income (loss), net of tax, before reclassification from AOCI was $702, $3,626 and $340 for fiscal years 2023, 2022 and 2021, respectively.
|  | 2023
|  | Sales |  |  |  | Interest Expense
Gain (Loss) Reclassified from AOCI, Net of Tax |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (58) |  |  |  |  | $ | — |
Interest rate swap agreements |  | — |  |  |  |  | 1,377 |
Gain (Loss) on Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |
Amount of gain (loss) recognized in income, net of tax |  |  |  |  |  |
Foreign currency forward contracts |  | 2,742 |  |  |  |  | — |
Commodities swap agreements |  | (2,229) |  |  |  |  | — |
Interest rate swap agreements |  | — |  |  |  |  | 167 |
Total gain (loss) |  | $ | 455 |  |  |  |  | $ | 1,544 |
|  | 2022
|  | Sales |  |  |  | Interest Expense
Gain (Loss) Reclassified from AOCI, Net of Tax |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (723) |  |  |  |  | $ | — |
Interest rate swap agreements |  | — |  |  |  |  | (5,698) |
Gain (Loss) on Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |
Amount of gain (loss) recognized in income, net of tax |  |  |  |  |  |
Interest rate swap agreements |  | — |  |  |  |  | 428 |
Total gain (loss) |  | $ | (723) |  |  |  |  | $ | (5,270) |
|  | 2021
|  | Sales |  |  |  | Interest Expense
Gain (Loss) Reclassified from AOCI, Net of Tax |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (1,050) |  |  |  |  | $ | — |
Interest rate swap agreements |  | — |  |  |  |  | (9,891) |
Gain (Loss) on Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |
Amount of gain (loss) recognized in income, net of tax |  |  |  |  |  |
Interest rate swap agreements |  | — |  |  |  |  | (85) |
Total gain (loss) |  | $ | (1,050) |  |  |  |  | $ | (9,976) |

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