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Derivatives and Hedging Activities (Tables) | 12 Months Ended
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Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows as of July 31, 2021 and 2020:
| July 31, 2021 |  | July 31, 2020
Designated as cash flow hedges | $ | 30,724 |  |  | $ | 24,600 |
Non-designated hedges | 3,580 |  |  | 3,107 |
Total foreign exchange contracts | $ | 34,304 |  |  | $ | 27,707 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as cash flow hedging instruments:
|  | July 31, 2021 |  | July 31, 2020 |  | July 31, 2019
Gains (losses) recognized in OCI |  | $ | 1,451 |  |  | $ | (576) |  |  | $ | 837 |
Gains reclassified from OCI into cost of goods sold |  | 399 |  |  | 614 |  |  | 1,048 |
Fair Value, by Balance Sheet Grouping | Fair values of derivative and hedging instruments in the accompanying Consolidated Balance Sheets were as follows:
| July 31, 2021 |  | July 31, 2020
| Prepaid expenses and other current assets |  | Other current liabilities |  | Prepaid expenses and other current assets |  | Other current liabilities
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange contracts (cash flow hedges) | $ | 150 |  |  | $ | 51 |  |  | $ | 588 |  |  | $ | 761 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange contracts (non-designated hedges) | — |  |  | 0 |  |  | 6 |  |  | 16 |
Total derivative instruments | $ | 150 |  |  | $ | 51 |  |  | $ | 594 |  |  | $ | 777 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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