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Derivatives and Hedging | 6 Months Ended
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Jan. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives and Hedging | Derivatives and Hedging As of January 31, 2025 and July 31, 2024 there were no derivative instruments designated as hedges, except for the net investment hedge discussed below. Net Investment Hedge The foreign currency transaction gains and losses on the portion of the Euro-denominated term loan designated and effective as a hedge of the Company’s net investment in its Euro-denominated functional currency subsidiaries are included as a component of the foreign currency translation adjustment. Gains, net of tax, included in the foreign currency translation adjustments were $1,487 for the three months ended January 31, 2025 and $238 for the six months ended January 31, 2025. Gains (losses), net of tax, included in the foreign currency translation adjustments were $(6,237) for the three months ended January 31, 2024 and $7,172 for the six months ended January 31, 2024. There were no amounts reclassified out of accumulated other comprehensive income (loss) pertaining to the net investment hedge during the three and six-month periods ended January 31, 2025 and January 31, 2024. Derivatives Not Designated as Hedging Instruments The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $27,688 and a fair value liability of $1,104 as of January 31, 2025. These other derivative instruments had a notional amount totaling approximately $22,333 and a fair value liability of $1,137 as of July 31, 2024. For these derivative instruments, changes in fair value are recognized in earnings.
|  | Three Months Ended January 31,
|  | 2025 |  | 2024
|  |  |  |  | Interest |  |  |  |  | Interest
|  | Sales |  |  | Expense |  | Sales |  |  | Expense
Gain (Loss) on Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Gain (loss) recognized in income, net of tax |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 43 |  |  |  | $ | — |  |  | $ | (236) |  |  |  | $ | — |
Interest rate swap agreements |  | — |  |  |  | 30 |  |  | — |  |  |  | (205) |
Total gain (loss) |  | $ | 43 |  |  |  | $ | 30 |  |  | $ | (236) |  |  |  | $ | (205) |
|  | Six Months Ended January 31,
|  | 2025 |  | 2024
|  |  |  |  | Interest |  |  |  |  | Interest
|  | Sales |  |  | Expense |  | Sales |  |  | Expense
Gain (Loss) on Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Gain (loss) recognized in income, net of tax |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (414) |  |  |  | $ | — |  |  | $ | (75) |  |  |  | $ | — |
Interest rate swap agreements |  | — |  |  |  | 3 |  |  | — |  |  |  | (139) |
Total gain (loss) |  | $ | (414) |  |  |  | $ | 3 |  |  | $ | (75) |  |  |  | $ | (139) |

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- References No definition available. + Details
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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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