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Segment Information | 12 Months Ended
--- | ---
Jul. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The Company evaluates short-term segment performance based on segment profit and customer sales. Gain or loss on sale of businesses, interest expense, investment and other income, income taxes, and certain corporate administrative expenses are excluded when evaluating segment performance. The following is a summary of segment information as of and for the years ended July 31, 2024, 2023 and 2022:
|  | 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |  |
Americas & Asia: |  |  |  |  |  |
Americas |  | $ | 784,576 |  |  | $ | 787,426 |  |  | $ | 750,391 |
Asia |  | 101,952 |  |  | 101,431 |  |  | 110,693 |
Total |  | $ | 886,528 |  |  | $ | 888,857 |  |  | $ | 861,084 |
Europe & Australia: |  |  |  |  |  |
Europe |  | 399,462 |  |  | 387,743 |  |  | 388,618 |
Australia |  | 55,403 |  |  | 55,263 |  |  | 52,360 |
Total |  | $ | 454,865 |  |  | $ | 443,006 |  |  | $ | 440,978 |
Total Company |  | $ | 1,341,393 |  |  | $ | 1,331,863 |  |  | $ | 1,302,062 |
Depreciation & amortization: |  |  |  |  |  |
Americas & Asia |  | $ | 22,716 |  |  | $ | 25,269 |  |  | $ | 26,950 |
Europe & Australia |  | 7,157 |  |  | 7,101 |  |  | 7,232 |
Total Company |  | $ | 29,873 |  |  | $ | 32,370 |  |  | $ | 34,182 |
Segment profit: |  |  |  |  |  |
Americas & Asia |  | $ | 196,842 |  |  | $ | 180,503 |  |  | $ | 157,307 |
Europe & Australia |  | 70,612 |  |  | 65,742 |  |  | 63,058 |
Total Company |  | $ | 267,454 |  |  | $ | 246,245 |  |  | $ | 220,365 |
Assets: |  |  |  |  |  |
Americas & Asia |  | $ | 849,844 |  |  | $ | 829,562 |  |  | $ | 868,922 |
Europe & Australia |  | 415,607 |  |  | 408,163 |  |  | 384,341 |
Corporate |  | 250,118 |  |  | 151,532 |  |  | 114,069 |
Total Company |  | $ | 1,515,569 |  |  | $ | 1,389,257 |  |  | $ | 1,367,332 |
Expenditures for property, plant & equipment: |  |  |  |  |  |
Americas & Asia |  | $ | 54,460 |  |  | $ | 13,256 |  |  | $ | 24,051 |
Europe & Australia |  | 25,432 |  |  | 5,970 |  |  | 19,087 |
Total Company |  | $ | 79,892 |  |  | $ | 19,226 |  |  | $ | 43,138 |
The following is a reconciliation of segment profit to income before income taxes for the years ended July 31, 2024, 2023 and 2022:
| Years Ended July 31,
| 2024 |  | 2023 |  | 2022
Total profit from reportable segments | $ | 267,454 |  |  | $ | 246,245 |  |  | $ | 220,365 |
Unallocated costs: |  |  |  |  |
Administrative costs | (24,040) |  |  | (24,802) |  |  | (27,353) |
Gain on sale of business | — |  |  | 3,770 |  |  | — |
Investment and other income | 7,553 |  |  | 4,022 |  |  | 244 |
Interest expense | (3,126) |  |  | (3,539) |  |  | (1,276) |
Income before income taxes | $ | 247,841 |  |  | $ | 225,696 |  |  | $ | 191,980 |
The following is a summary of sales by product category for the years ended July 31, 2024, 2023 and 2022:
| Years Ended July 31,
| 2024 |  | 2023 |  | 2022
Safety and Facility Identification | $ | 607,235 |  |  | $ | 608,938 |  |  | $ | 581,914 |
Product Identification | 274,429 |  | 259,164 |  | 275,836
Wire Identification | 228,415 |  | 209,284 |  | 203,919
Healthcare Identification | 141,767 |  | 145,225 |  | 135,364
People Identification | 89,547 |  | 109,252 |  | 105,029
Total Company | $ | 1,341,393 |  |  | $ | 1,331,863 |  |  | $ | 1,302,062 |
During fiscal 2024, the Company divested operations related to the safety and facility identification product line, while in fiscal 2023, the divested business was associated with the people identification product line. The following is a summary of sales and long-lived assets by geographic region for the years ended July 31, 2024, 2023 and 2022:
|  | Revenues* Years Ended July 31, |  | Long-Lived Assets** As of July 31,
|  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Geographic information: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 783,775 |  |  | $ | 790,596 |  |  | $ | 764,930 |  |  | $ | 515,193 |  |  | $ | 524,258 |  |  | $ | 543,187 |
Other |  | 631,748 |  |  | 610,553 |  |  | 613,433 |  |  | 360,519 |  |  | 302,321 |  |  | 288,477 |
Eliminations |  | (74,130) |  |  | (69,286) |  |  | (76,301) |  |  | — |  |  | — |  |  | — |
Consolidated total |  | $ | 1,341,393 |  |  | $ | 1,331,863 |  |  | $ | 1,302,062 |  |  | $ | 875,712 |  |  | $ | 826,579 |  |  | $ | 831,664 |
* Revenues are attributed based on country of origin.
** Long-lived assets consist of property, plant and equipment, goodwill, other intangible assets, and operating lease assets.

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- Definition The entire disclosure for reporting segments including data and tables. 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