Derivatives and Hedging (Tables)

9 Months Ended

Apr. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The fair value of our derivative instruments and the associated notional amounts, presented on a pre-tax basis, were as follows:

	April 30, 2020				July 31, 2019
			Fair Value in				Fair Value in
			Other Current				Other Current
Cash Flow Hedges	Notional		Liabilities		Notional		Liabilities
Foreign currency forward contracts	$	12,515	$	234	$	—	$	—
Interest rate swap agreements	715,000		27,561		849,550		12,463
Total derivative financial instruments	$	727,515	$	27,795	$	849,550	$	12,463

Derivative Instruments, Gain (Loss)

The total amounts presented in the Condensed Consolidated Statements of Income and Comprehensive Income (Loss) due to changes in the fair value of the following derivative instruments are as follows:

	Three Months Ended		Nine Months Ended
	April 30, 2020		April 30, 2020
Gain (Loss) on Derivatives Designated as Cash Flow Hedges
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Foreign currency forward contracts	$	856	$	(159)
Interest rate swap agreements	(8,619)		(11,550)
Total (loss)	$	(7,763)	$	(11,709)

	Three Months Ended				Nine Months Ended
	April 30, 2020				April 30, 2020
			Interest				Interest
	Sales		Expense		Sales		Expense
(Loss) Reclassified from AOCI, Net of Tax
Foreign currency forward contracts	$	(121)	$	—	$	(555)	$	—
Interest rate swap agreements	—		(1,383)		—		(2,897)
(Loss) on Derivatives Not Designated as Hedging Instruments
Amount of loss recognized in income, net of tax
Interest rate swap agreements	—		(107)		—		(275)
Total (loss)	$	(121)	$	(1,490)	$	(555)	$	(3,172)

	Three Months Ended		Nine Months Ended
	April 30, 2019		April 30, 2019
Gain (Loss) on Derivatives Designated as Cash Flow Hedges
Designated as Cash Flow Hedges
Gain (Loss) recognized in Other Comprehensive Income, net of tax
Foreign currency forward contracts	$	(263)	$	(263)
Interest rate swap agreements	(3,764)		(3,764)
Total (loss)	$	(4,027)	$	(4,027)

	Three Months Ended						Nine Months Ended
	April 30, 2019						April 30, 2019
			Acquisition-		Interest				Acquisition-		Interest
	Sales		Related Costs		Expense		Sales		Related Costs		Expense
Gain (Loss) Reclassified from AOCI, Net of Tax
Foreign currency forward contracts	$	(191)	$	—	$	—	$	(191)	$	—	$	—
Interest rate swap agreements	—		—		(55)		—		—		(55)
Gain (Loss) on Derivatives Not Designated as Hedging Instruments
Amount of gain (loss) recognized in income, net of tax
Foreign currency forward contracts	(160)		2,930		—		(160)		(70,777)		—
Interest rate swap agreements	—		—		132		—		—		132
Total gain (loss)	$	(351)	$	2,930	$	77	$	(351)	$	(70,777)	$	77