Restructuring and Other Charges

9 Months Ended

Apr. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges

Note 19. Restructuring and Other Charges

In the first quarter of fiscal 2023, in conjunction with the organizational redesign, the Company recorded $7.6 million of charges consisting of $4.2 million of severance charges and $3.4 million of other organizational redesign costs. In the second quarter of fiscal 2023, the Company recorded additional charges of $9.3 million consisting of $3.1 million of severance charges, $1.4 million of other organizational redesign costs and $4.8 million of costs mainly associated with the exiting of a lower-margin customer program. Second quarter charges of $1.5 million were included in cost of sales and $7.8 million were included in selling, general and administrative expenses in the accompanying Condensed Consolidated Statements of Earnings.