Derivatives and Hedging (Tables)

3 Months Ended

Oct. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

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

	Three Months Ended October 31,
	2023		2022
Gain (Loss) on Derivatives Designated as Cash Flow Hedges
Gain (Loss) recognized in Other Comprehensive Income (Loss), net of tax
Interest rate swap agreements (1)	$	—	$	746
Total gain (loss)	$	—	$	746

(1)Other comprehensive income (loss), net of tax, before reclassification from accumulated other comprehensive income (“AOCI”) was $0 and $854 for the three months ended October 31, 2023 and 2022, respectively.

	Three Months Ended October 31,
	2023				2022
			Interest				Interest
	Sales		Expense		Sales		Expense
Gain (Loss) Reclassified from AOCI, Net of Tax
Foreign currency forward contracts	$	—	$	—	$	(58)	$	—
Interest rate swap agreements	—		—		—		108
Gain (Loss) on Derivatives Not Designated as Hedging Instruments
Amount of gain (loss) recognized in income, net of tax
Foreign currency forward contracts	$	157	$	—	$	828	$	—
Commodities swap agreements	—		—		(662)		—
Interest rate swap agreements	—		64		—		254
Total gain (loss)	$	157	$	64	$	108	$	362