Property, Plant, and Equipment

12 Months Ended

Jul. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Note 10—Property, Plant, and Equipment

Property, plant, and equipment consist of the following:

July 31 (in thousands)	2023			2022
Equipment	$	43,704		$	40,811
Computer software		169,070			156,258
Leasehold improvements		1,760			1,874
Furniture and fixtures		699			681
		215,233			199,624
Less accumulated depreciation and amortization		(176,578	)		(162,758	)
Property, plant, and equipment, net	$	38,655		$	36,866

The Company reduced its gross property, plant, and equipment and accumulated depreciation and amortization by $4.2 million and $17.4 million in fiscal 2023 and fiscal 2022, respectively, for property, plant, and equipment that was fully depreciated and no longer in service.

Depreciation and amortization expense of property, plant, and equipment was $18.6 million, $16.8 million, and $17.1 million in fiscal 2023, fiscal 2022, and fiscal 2021, respectively.

In fiscal 2023, the Company recorded an expense of $0.1 million for telephone equipment that was taken out of service, which was included in “Other operating (expense) gain, net” in the accompanying consolidated statements of income.