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Segment Information
12 Months Ended
Jul. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The Company evaluates short-term segment performance based on segment profit and customer sales. Gain or loss on sale of businesses, interest expense, investment and other income, income taxes, and certain corporate administrative expenses are excluded when evaluating segment performance.
The following is a summary of segment information as of and for the years ended July 31, 2024, 2023 and 2022:
202420232022
Net sales:
Americas & Asia:
Americas$784,576 $787,426 $750,391 
Asia101,952 101,431 110,693 
Total$886,528 $888,857 $861,084 
Europe & Australia:
Europe399,462 387,743 388,618 
Australia55,403 55,263 52,360 
Total$454,865 $443,006 $440,978 
Total Company$1,341,393 $1,331,863 $1,302,062 
Depreciation & amortization:
Americas & Asia$22,716 $25,269 $26,950 
Europe & Australia7,157 7,101 7,232 
Total Company$29,873 $32,370 $34,182 
Segment profit:
Americas & Asia$196,842 $180,503 $157,307 
Europe & Australia70,612 65,742 63,058 
Total Company$267,454 $246,245 $220,365 
Assets:
Americas & Asia$849,844 $829,562 $868,922 
Europe & Australia415,607 408,163 384,341 
Corporate250,118 151,532 114,069 
Total Company$1,515,569 $1,389,257 $1,367,332 
Expenditures for property, plant & equipment:
Americas & Asia$54,460 $13,256 $24,051 
Europe & Australia25,432 5,970 19,087 
Total Company$79,892 $19,226 $43,138 
The following is a reconciliation of segment profit to income before income taxes for the years ended July 31, 2024, 2023 and 2022:
Years Ended July 31,
 202420232022
Total profit from reportable segments$267,454 $246,245 $220,365 
Unallocated costs:
Administrative costs(24,040)(24,802)(27,353)
Gain on sale of business— 3,770 — 
Investment and other income7,553 4,022 244 
Interest expense(3,126)(3,539)(1,276)
Income before income taxes$247,841 $225,696 $191,980 
The following is a summary of sales by product category for the years ended July 31, 2024, 2023 and 2022:
Years Ended July 31,
 202420232022
Safety and Facility Identification$607,235 $608,938 $581,914 
Product Identification274,429259,164275,836
Wire Identification228,415209,284203,919
Healthcare Identification141,767145,225135,364
People Identification89,547109,252105,029
Total Company$1,341,393 $1,331,863 $1,302,062 
During fiscal 2024, the Company divested operations related to the safety and facility identification product line, while in fiscal 2023, the divested business was associated with the people identification product line.
The following is a summary of sales and long-lived assets by geographic region for the years ended July 31, 2024, 2023 and 2022:
 Revenues*
Years Ended July 31,
Long-Lived Assets**
As of July 31,
 202420232022202420232022
Geographic information:
United States$783,775 $790,596 $764,930 $515,193 $524,258 $543,187 
Other631,748 610,553 613,433 360,519 302,321 288,477 
Eliminations(74,130)(69,286)(76,301)— — — 
Consolidated total$1,341,393 $1,331,863 $1,302,062 $875,712 $826,579 $831,664 
* Revenues are attributed based on country of origin.
** Long-lived assets consist of property, plant and equipment, goodwill, other intangible assets, and operating lease assets.