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OPERATING SEGMENTS (Tables)
 12 Months Ended
Jul. 31, 2023
OPERATING SEGMENTS [Abstract]  
Revenue by Principal Product by Operating Segment
Net sales for our principal products by segment are as follows (in thousands):
Business to Business Products GroupRetail and Wholesale Products Group
Year Ended July 31,
Product2023202220232022
Cat Litter$— $— $226,335 $196,278 
Industrial and Sports— — 44,291 38,932 
Agricultural and Horticultural40,275 30,419 — — 
Bleaching Clay and Fluids Purification77,643 62,051 — — 
Animal Health and Nutrition24,477 20,909 — — 
Net Sales$142,395 $113,379 $270,626 $235,210 
Segment Reporting Information
Net sales and operating income for each segment are provided below. The accounting policies of the segments are the same as those described in the Note 1 of the Notes to the Consolidated Financial Statements.

We do not rely on any operating segment asset allocations and we do not consider them meaningful because of the shared nature of our production facilities; however, we have estimated the segment asset allocations below for those assets for which we can reasonably determine. The unallocated asset category is the remainder of our total assets. We have refined the basis of allocation for certain of our assets as of April 30, 2023, and we have restated the allocation of assets as of July 31, 2022 presented below to enhance comparability. The asset allocation is estimated and is not a measure used by our chief operating decision maker about allocating resources to the operating segments or in assessing their performance.
The corporate expenses line in the table below represents certain unallocated expenses, including primarily salaries, wages and benefits, purchased services, rent, utilities and depreciation and amortization associated with corporate functions such as research and development, information systems, finance, legal, human resources and customer service. Corporate expenses also include the annual incentive plan bonus accrual.

As of July 31,
Assets
20232022
(in thousands)
Business to Business Products$85,798 $77,840 
Retail and Wholesale Products134,974 125,293 
Unallocated assets 65,463 46,478 
Total Assets$286,235 $249,611 

 Year Ended July 31,
 Net SalesIncome
 2023202220232022
 (in thousands)
Business to Business Products$142,395 $113,379 $36,573 $24,344 
Retail and Wholesale Products270,626 235,210 36,119 6,252 
Net Sales$413,021 $348,589 
Corporate Expenses(31,652)(25,775)
Income from Operations41,040 4,821 
Total Other Income, Net(6,362)888 
Income Before Income Taxes34,678 5,709 
Income Tax Expense(5,195)(97)
Net Income$29,483 $5,612 
Net Loss Attributable to Noncontrolling Interest$(68)$(62)
Net Income Attributable to Oil-Dri$29,551 $5,674 
Financial Information by Geographic Region The following is a summary by fiscal year of financial information by geographic region (in thousands):
 20232022
   Sales to unaffiliated customers by:  
      Domestic operations$390,963 $328,696 
      Foreign subsidiaries$22,058 $19,893 
   Sales or transfers between geographic areas: 
     Domestic operations$6,436 $6,418 
Foreign subsidiaries$69 $161 
   Income (Loss) before income taxes: 
      Domestic operations$33,686 $6,552 
      Foreign subsidiaries$992 $(843)
   Net Income (Loss) attributable to Oil-Dri: 
     Domestic operations$28,494 $6,430 
      Foreign subsidiaries$1,057 $(756)
   Identifiable assets: 
      Domestic operations$271,627 $236,622 
      Foreign subsidiaries$14,608 $12,989 
Largest Customer Information
Sales to Walmart, our largest customer, are included in our Retail and Wholesale Products Group. The percentage of consolidated net sales and net accounts receivable attributed to Walmart are shown in the table below:
 20232022
Net sales for the years ended July 3119%16%
Net accounts receivable as of July 3126%21%