Inventories

12 Months Ended

Jul. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following at July 31, 2023 and 2022:

	2023		2022
Raw materials and components	$	87,139,000	78,478,000
Work-in-process and finished goods	43,365,000		40,960,000
Total inventories	130,504,000		119,438,000
Less reserve for excess and obsolete inventories	24,659,000		23,121,000
Inventories, net	$	105,845,000	96,317,000

As of July 31, 2023 and 2022, the amount of inventory directly related to long-term contracts (including contracts-in-progress) was $5,911,000 and $4,100,000, respectively, and the amount of inventory related to contracts from third-party commercial customers who outsource their manufacturing to us was $3,277,000 and $1,866,000, respectively.