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Income Taxes (Tables) | 12 Months Ended
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Jul. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of (Loss) Earnings from Continuing Operations | Income before income taxes and losses of unconsolidated affiliate consists of the following:
|  | Years Ended July 31,
|  | 2021 |  | 2020 |  | 2019
United States |  | $ | 59,504 |  |  | $ | 69,433 |  |  | $ | 55,077 |
Other Nations |  | 111,519 |  |  | 71,503 |  |  | 109,567 |
Total |  | $ | 171,023 |  |  | $ | 140,936 |  |  | $ | 164,644 |
The increase in income before income taxes and losses of unconsolidated affiliate in Other Nations to $111,519 in fiscal 2021 from $71,503 in fiscal 2020 was primarily due to intercompany royalty transactions that occurred in fiscal 2020 which reduced Other Nations income before income taxes and losses of unconsolidated affiliate by $22,914. In addition, profitability improved in Other Nations in fiscal 2021 compared to fiscal 2020 as our global businesses continue to recover from the COVID-19 pandemic. The decrease in income before income taxes and losses of unconsolidated affiliate to $71,503 in fiscal 2020 from $109,567 in fiscal 2019 was primarily due to intercompany royalty transactions that occurred in fiscal 2020 which which reduced Other Nations income before income taxes and losses of unconsolidated affiliate by $22,914. In addition, profitability decreased in Other Nations in fiscal 2020 compared to fiscal 2019 as our global businesses were impacted by reduced economic activity resulting from the COVID-19 pandemic.
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense consists of the following:
|  | Years Ended July 31,
|  | 2021 |  | 2020 |  | 2019
Current income tax expense: |  |  |  |  |  |
United States |  | $ | 16,322 |  |  | $ | 3,031 |  |  | $ | 2,232 |
Other Nations |  | 26,141 |  |  | 25,133 |  |  | 22,445 |
States (U.S.) |  | 2,112 |  |  | 1,160 |  |  | 913 |
|  | $ | 44,575 |  |  | $ | 29,324 |  |  | $ | 25,590 |
Deferred income tax (benefit) expense: |  |  |  |  |  |
United States |  | $ | (2,662) |  |  | $ | 1,072 |  |  | $ | 8,451 |
Other Nations |  | (5,938) |  |  | (2,065) |  |  | (667) |
States (U.S.) |  | (365) |  |  | (10) |  |  | 12 |
|  | $ | (8,965) |  |  | $ | (1,003) |  |  | $ | 7,796 |
Total income tax expense |  | $ | 35,610 |  |  | $ | 28,321 |  |  | $ | 33,386 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences are as follows as of July 31, 2021 and 2020:
|  | July 31, 2021
|  | Assets |  | Liabilities |  | Total
Inventories |  | $ | 5,143 |  |  | $ | (51) |  |  | $ | 5,092 |
Employee compensation and benefits |  | 8,570 |  |  | — |  |  | 8,570 |
Accounts receivable |  | 1,433 |  |  | — |  |  | 1,433 |
Fixed assets |  | 3,479 |  |  | (7,292) |  |  | (3,813) |
Intangible assets |  | 996 |  |  | (51,987) |  |  | (50,991) |
Deferred and equity-based compensation |  | 8,069 |  |  | — |  |  | 8,069 |
Postretirement benefits |  | 2,359 |  |  | (166) |  |  | 2,193 |
Tax credit and net operating loss carry-forwards |  | 60,238 |  |  | — |  |  | 60,238 |
Valuation allowances |  | (51,069) |  |  | — |  |  | (51,069) |
Other, net |  | 13,698 |  |  | (5,282) |  |  | 8,416 |
Total |  | $ | 52,916 |  |  | $ | (64,778) |  |  | $ | (11,862) |
|  | July 31, 2020
|  | Assets |  | Liabilities |  | Total
Inventories |  | $ | 4,385 |  |  | $ | (58) |  |  | $ | 4,327 |
Employee compensation and benefits |  | 3,339 |  |  | (72) |  |  | 3,267 |
Accounts receivable |  | 1,518 |  |  | — |  |  | 1,518 |
Fixed assets |  | 3,663 |  |  | (7,285) |  |  | (3,622) |
Intangible assets |  | 1,026 |  |  | (31,488) |  |  | (30,462) |
Deferred and equity-based compensation |  | 7,851 |  |  | — |  |  | 7,851 |
Postretirement benefits |  | 3,002 |  |  | (31) |  |  | 2,971 |
Tax credit and net operating loss carry-forwards |  | 56,447 |  |  | — |  |  | 56,447 |
Valuation allowances |  | (58,809) |  |  | — |  |  | (58,809) |
Other, net |  | 11,786 |  |  | (4,715) |  |  | 7,071 |
Total |  | $ | 34,208 |  |  | $ | (43,649) |  |  | $ | (9,441) |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the income tax rate computed by applying the statutory U.S. federal income tax rate to income before income taxes and losses of unconsolidated affiliate to the total income tax expense is as follows:
|  | Years Ended July 31,
|  | 2021 |  | 2020 |  | 2019
Tax at statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
International rate differential(1) |  | 2.3 | % |  | 5.1 | % |  | 2.0 | %
Adjustments to tax accruals and reserves(2) |  | 3.3 | % |  | (2.0) | % |  | (3.6) | %
Research and development tax credits and domestic manufacturer’s deduction |  | (1.6) | % |  | (2.0) | % |  | (1.6) | %
Valuation allowance against foreign net operating loss carry-forwards(3) |  | (4.8) | % |  | — | % |  | 0.2 | %
Deferred tax and other adjustments, net |  | 0.6 | % |  | (2.0) | % |  | 2.3 | %
Income tax rate |  | 20.8 | % |  | 20.1 | % |  | 20.3 | %
(1)Represents the foreign income tax rate differential when compared to the U.S. statutory income tax rate for the years ended July 31, 2021, 2020, and 2019. (2)The years ended July 31, 2021, 2020, and 2019, include reductions of uncertain tax positions resulting from the closure of audits and lapses in statues of limitations. The year ended July 31, 2021 was impacted by the recording of reserves for uncertain tax provisions. (3)The year ended July 31, 2021 includes a reduction in a previously recorded valuation allowance against certain foreign net operating loss carry-forwards.
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of unrecognized tax benefits (excluding interest and penalties) is as follows:
Balance as of July 31, 2018 | $ | 20,430 |
Additions based on tax positions related to the current year | 2,518 |
Additions for tax positions of prior years | 612 |
Reductions for tax positions of prior years | (378) |
Lapse of statute of limitations | (8,140) |
Cumulative translation adjustments and other | (201) |
Balance as of July 31, 2019 | $ | 14,841 |
Additions based on tax positions related to the current year | 2,798 |
Additions for tax positions of prior years | 1,295 |
Reductions for tax positions of prior years | (5,087) |
Lapse of statute of limitations | (117) |
Cumulative translation adjustments and other | (108) |
Balance as of July 31, 2020 | $ | 13,622 |
Additions based on tax positions related to the current year | 4,664 |
Additions for tax positions of prior years(1) | 3,940 |
Reductions for tax positions of prior years | (365) |
Lapse of statute of limitations | (159) |
Cumulative translation adjustments and other | 210 |
Balance as of July 31, 2021 | $ | 21,912 |
Schedule of Open Tax Years by Major Jurisdictions | The following table summarizes the open tax years for the Company's major jurisdictions:
Jurisdiction |  | Open Tax Years
United States — Federal |  | F’19 — F’21

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