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Derivatives and Hedging Activities (Tables) | 6 Months Ended
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Jan. 31, 2024
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:
| January 31, 2024 |  | July 31, 2023
Designated as cash flow hedges | $ | 26,552 |  |  | $ | 39,661 |
Non-designated hedges | 4,716 |  |  | 4,803 |
Total foreign exchange contracts | $ | 31,268 |  |  | $ | 44,464 |
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 hedging instruments:
| Three months ended January 31, |  | Six months ended January 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Gains (losses) recognized in OCI: |  |  |  |  |  |  |
Forward exchange contracts (cash flow hedges) | $ | 1,083 |  |  | $ | 776 |  |  | $ | 789 |  |  | $ | 1,669 |
Foreign currency denominated debt (net investment hedges) | (969) |  |  | (841) |  |  | 539 |  |  | (841) |
Gains reclassified from OCI into cost of goods sold |  |  |  |  |  |  |
Forward exchange contracts (cash flow hedges) | 254 |  |  | 217 |  |  | 1,539 |  |  | 798 |
Schedule of Fair Values of Derivative Instruments in Consolidated Balance Sheets | Fair values of derivative instruments in the condensed consolidated balance sheets were as follows:
| January 31, 2024 |  | July 31, 2023
| Prepaid expenses and other current assets |  | Other current liabilities |  | Long-term obligations |  | Prepaid expenses and other current assets |  | Other current liabilities |  | Long-term obligations
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts (cash flow hedges) | $ | 686 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 485 |  |  | $ | 189 |  |  | $ | — |
Foreign currency denominated debt (net investment hedges) | — |  |  | — |  |  | 35,090 |  |  | — |  |  | — |  |  | 36,716 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts (non-designated hedges) | 9 |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | — |
Total derivative instruments | $ | 695 |  |  | $ | 28 |  |  | $ | 35,090 |  |  | $ | 492 |  |  | $ | 189 |  |  | 36,716 |

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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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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