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Goodwill | 12 Months Ended
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Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill Changes in the carrying amount of goodwill by reportable segment for the years ended July 31, 2024 and 2023, were as follows:
| IDS |  | WPS |  | Americas & Asia |  | Europe & Australia |  | Total
Balance as of July 31, 2022 | $ | 556,151 |  |  | $ | 30,681 |  |  | $ | — |  |  | $ | — |  |  | $ | 586,832 |
Translation adjustments | 3,319 |  |  | 625 |  |  | 1,079 |  |  | 2,745 |  |  | 7,768 |
Reallocation due to change in segments | (559,470) |  |  | (31,306) |  |  | 442,290 |  |  | 148,486 |  |  | — |
Divestiture of business | — |  |  | — |  |  | (1,954) |  |  | — |  |  | (1,954) |
Balance as of July 31, 2023 | $ | — |  |  | $ | — |  |  | $ | 441,415 |  |  | $ | 151,231 |  |  | $ | 592,646 |
Translation adjustments | — |  |  | — |  |  | (2,236) |  |  | (799) |  |  | (3,035) |
Balance as of July 31, 2024 | $ | — |  |  | $ | — |  |  | $ | 439,179 |  |  | $ | 150,432 |  |  | $ | 589,611 |
Effective February 1, 2023, the Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. Prior to February 1, 2023, the Company was organized and managed on a global basis within two business platforms: Identification Solutions (“IDS”) and Workplace Safety (“WPS”). As a result, goodwill was allocated to the new reportable segments in accordance with ASC 350, "Intangibles - Goodwill and Other." Goodwill decreased $3,035 during the year ended July 31, 2024 due to the negative effects of foreign currency translation. Goodwill increased $5,814 during the year ended July 31, 2023 mainly due to the positive effects of foreign currency translation, which was partially offset by a reduction due to the sale of our PremiSys business within the Americas & Asia segment. The qualitative assessment performed on May 1, 2024, in accordance with ASC 350, “Intangibles - Goodwill and Other” indicated that it is more likely than not that the fair value exceeds the carrying value for each of the three reporting units with goodwill (North America, Europe and Latin America).

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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