ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Jul. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of other comprehensive income (loss) (“OCI”) and the changes in the Company’s accumulated OCI (“AOCI”) by component were as follows:


	2022
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	54,152	$	(8,655)	$	(876)	$	44,621	$	(772)	$	43,849
OCI before reclassifications	(237,605)		3,775		2,047		(231,783)		(1,433)		(233,216)
Income taxes associated with OCI before reclassifications (1)	—		(866)		—		(866)		—		(866)
Amounts reclassified from AOCI	—		8,502		—		8,502		—		8,502
Income taxes associated with amounts reclassified from AOCI	—		(2,081)		—		(2,081)		—		(2,081)
OCI, net of tax for the fiscal year	(237,605)		9,330		2,047		(226,228)		(1,433)		(227,661)

AOCI, net of tax	$	(183,453)	$	675	$	1,171	$	(181,607)	$	(2,205)	$	(183,812)


	2021
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	46,512	$	(18,823)	$	(696)	$	26,993	$	(855)	$	26,138
OCI before reclassifications	7,640		(1,100)		(180)		6,360		83		6,443
Income taxes associated with OCI before reclassifications (1)	—		327		—		327		—		327
Amounts reclassified from AOCI	—		14,433		—		14,433		—		14,433
Income taxes associated with amounts reclassified from AOCI	—		(3,492)		—		(3,492)		—		(3,492)
OCI, net of tax for the fiscal year	7,640		10,168		(180)		17,628		83		17,711

AOCI, net of tax	$	54,152	$	(8,655)	$	(876)	$	44,621	$	(772)	$	43,849


	2020
	Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Derivatives		Other		AOCI, net of tax, Attributable to THOR		Non-controlling Interests		Total AOCI
Balance at beginning of period, net of tax	$	(46,484)	$	(9,472)	$	(1,048)	$	(57,004)	$	(594)	$	(57,598)
OCI before reclassifications	92,996		(20,557)		352		72,791		(261)		72,530
Income taxes associated with OCI before reclassifications (1)	—		4,906		—		4,906		—		4,906
Amounts reclassified from AOCI	—		8,180		—		8,180		—		8,180
Income taxes associated with amounts reclassified from AOCI	—		(1,880)		—		(1,880)		—		(1,880)
OCI, net of tax for the fiscal year	92,996		(9,351)		352		83,997		(261)		83,736

AOCI, net of tax	$	46,512	$	(18,823)	$	(696)	$	26,993	$	(855)	$	26,138

(1)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.