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Derivative Instruments (Tables)
12 Months Ended
Jul. 31, 2023
Derivative Instruments [Abstract]  
Schedule of Outstanding Contracts The outstanding contracts at July 31, 2023 were as follows:
Settlement Date  U.S. Dollar
Amount
   NOK
Amount
 
Aug-23   225,000    2,267,100 
Sep-23   225,000    2,263,388 
Oct-23   225,000    2,260,238 
Nov-23   225,000    2,256,750 
Dec-23   225,000    2,253,285 
Jan-24   225,000    2,249,730 
Feb-24   225,000    2,246,265 
Mar-24   225,000    2,242,823 
Apr-24   225,000    2,240,550 
May-24   225,000    2,237,738 
Total   2,250,000    22,517,865 
Settlement Date  U.S. Dollar
Amount
   EUR
Amount
 
Aug-23   225,000    207,852 
Sep-23   225,000    207,526 
Oct-23   225,000    207,240 
Nov-23   225,000    206,935 
Dec-23   225,000    206,555 
Jan-24   225,000    206,271 
Feb-24   225,000    205,893 
Mar-24   225,000    205,611 
Apr-24   225,000    205,386 
May-24   225,000    205,142 
Total   2,250,000    2,064,410 

 

Schedule of Fair Value of Outstanding Derivative Instruments The fair value of outstanding derivative instruments recorded in the accompanying consolidated balance sheets were as follows:
      July 31, 
(in thousands)     2023   2022 
Assets and Liabilities Derivatives:  Balance Sheet Location        
Derivatives not designated or not qualifying as hedging instruments           
Foreign exchange forward contracts  Other current assets  $19   $
-
 
Foreign exchange forward contracts  Accrued expenses and other current liabilities  $
-
   $141 
Schedule of Derivative Instruments on the Consolidated Statements of Income and Comprehensive Income The effects of derivative instruments on the consolidated statements of (loss) income and comprehensive (loss) income were as follows:
      Fiscal Year Ended July 31, 

Amount of Loss Recognized on Derivatives

     2023   2022 
Derivatives not designated or not qualifying as hedging instruments  Location of income (loss) recognized on derivatives  (in thousands) 
Foreign exchange forward contracts  Net income (loss) resulting from foreign exchange transactions   14   $(368)