Brady (BRC) 10-Q 20 Feb 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jan. 31, 2020	Feb. 18, 2020
Entity Information [Line Items]
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Entity Address, Address Line One	6555 West Good Hope Road
Entity Incorporation, State or Country Code	WI
Document Transition Report	false
Document Quarterly Report	true
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2020
Entity File Number	1-14959
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	BRC
Entity Registrant Name	BRADY CORP
Entity Central Index Key	0000746598
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Tax Identification Number	39-0178960
Entity Address, City or Town	Milwaukee,
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53223
Security Exchange Name	NYSE
City Area Code	414
Local Phone Number	358-6600
Entity Current Reporting Status	Yes
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		49,811,300
Class B voting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2020	Jul. 31, 2019
Current assets:
Cash and cash equivalents	$ 289,803	$ 279,072
Accounts receivable—net	151,511	158,114
Inventories	120,788	120,037
Prepaid expenses and other current assets	18,889	16,056
Total current assets	580,991	573,279
Property, plant and equipment—net	112,782	110,048
Goodwill	410,455	410,987
Other intangible assets	33,580	36,123
Deferred income taxes	7,120	7,298
Operating Lease, Right-of-Use Asset	49,117	0
Other assets	21,753	19,573
Total	1,215,798	1,157,308
Current liabilities:
Accounts payable	51,233	64,810
Accrued compensation and benefits	38,561	62,509
Taxes, other than income taxes	7,703	8,107
Accrued income taxes	6,075	6,557
Operating Lease, Liability, Current	14,901	0
Other current liabilities	48,590	49,796
Total current liabilities	216,690	241,945
Operating Lease, Liability, Noncurrent	36,993	0
Long-term Debt, Current Maturities	49,627	50,166
Other liabilities	62,191	64,589
Total liabilities	315,874	306,534
Stockholders’ equity:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 49,810,101 and 49,458,841 shares, respectively	513	513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35	35
Additional paid-in capital	329,263	329,969
Retained earnings	685,758	637,843
Treasury stock—1,451,386 and 1,802,646 shares, respectively, of Class A nonvoting common stock, at cost	(43,155)	(46,332)
Accumulated other comprehensive loss	(72,490)	(71,254)
Total stockholders’ equity	899,924	850,774
Total	$ 1,215,798	$ 1,157,308

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jan. 31, 2020	Jul. 31, 2019
Class A nonvoting common stock
Common stock, shares outstanding	49,101,192	49,458,841
Treasury stock, shares	2,160,295	1,802,646
Common stock, shares issued	51,261,487	51,261,487
Class B voting common stock
Common stock, shares outstanding	3,538,628	3,538,628
Common stock, shares issued	3,538,628	3,538,628

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Net sales	$ 276,665	$ 282,426	$ 563,612	$ 575,622
Cost of goods sold	137,538	142,616	283,080	289,273
Gross margin	139,127	139,810	280,532	286,349
Operating expenses:
Research and development	10,517	11,074	21,484	22,400
Selling, general and administrative	87,366	92,706	176,913	187,297
Total operating expenses	97,883	103,780	198,397	209,697
Operating income	41,244	36,030	82,135	76,652
Other income (expense):
Investment and other income	1,760	1,377	3,140	1,360
Interest expense	(647)	(717)	(1,348)	(1,429)
Income before income taxes	42,357	36,690	83,927	76,583
Income tax expense	8,804	7,463	12,876	16,719
Net income	$ 33,553	$ 29,227	$ 71,051	$ 59,864
Weighted average common shares outstanding:
Basic	53,320	52,532	53,232	52,366
Diluted	53,827	53,206	53,781	53,082
Class A nonvoting common stock
Earnings Per Share
Net earnings per share, basic	$ 0.63	$ 0.56	$ 1.33	$ 1.14
Net earnings per share, diluted	0.62	0.55	1.32	1.13
Dividends	0.22	0.21	0.44	0.43
Class B voting common stock
Earnings Per Share
Net earnings per share, basic	0.63	0.56	1.32	1.13
Net earnings per share, diluted	0.62	0.55	1.31	1.11
Dividends	$ 0.22	$ 0.21	$ 0.42	$ 0.41

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 33,553	$ 29,227	$ 71,051	$ 59,864
Foreign currency translation adjustments	(1,009)	5,486	(959)	(3,304)
Cash flow hedges:
Reclassification adjustment for gains included in net income	(105)	(240)	(486)	(287)
Total cash flow hedges	258	297	73	(130)
Pension and other post-retirement benefits:
Net loss recognized in other comprehensive (loss) income	(105)	(144)	(210)	(299)
Actuarial gain amortization	(309)	(169)	(309)	(169)
Total pension and other post-retirement benefits	(414)	(313)	(519)	(468)
Other comprehensive (loss) income, before tax	(1,165)	5,470	(1,405)	(3,902)
Income tax (expense) benefit related to items of other comprehensive (loss) income	(42)	196	169	(262)
Other comprehensive (loss) income, net of tax	(1,207)	5,666	(1,236)	(4,164)
Comprehensive Income [Member]
Pension and other post-retirement benefits:
Comprehensive income	$ 32,346	$ 34,893	$ 69,815	$ 55,700

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Operating activities:
Net income	$ 71,051	$ 59,864
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,672	11,909
Stock-based compensation expense	5,384	7,805
Deferred income taxes	1,272	4,423
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	1,664	1,279
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	6,209	2,562
Inventories	(1,311)	(6,602)
Prepaid expenses and other assets	(2,621)	(2,310)
Accounts payable and accrued liabilities	(39,777)	(35,334)
Income taxes	(436)	592
Net cash provided by operating activities	53,107	44,188
Investing activities:
Purchases of property, plant and equipment	(13,100)	(12,127)
Other	(3,406)	(452)
Net cash used in investing activities	(16,506)	(12,579)
Financing activities:
Payments of Dividends	(23,136)	(22,263)
Proceeds from exercise of stock options	4,686	18,498
Payments Related to Tax Withholding for Share-based Compensation	(7,733)	(3,362)
Proceeds from borrowing on credit facilities	0	5,737
Repayment of borrowing on credit facilities	0	(5,688)
Other	134	(2,973)
Net cash used in financing activities	(26,049)	(10,051)
Effect of exchange rate changes on cash	179	(776)
Net increase in cash and cash equivalents	10,731	20,782
Cash and cash equivalents, beginning of period	279,072	181,427
Cash and cash equivalents, end of period	$ 289,803	$ 202,209

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jan. 31, 2020
Text Block [Abstract]
Basis of Presentation	NOTE A — Basis of Presentation The condensed consolidated financial statements included herein have been prepared by Brady Corporation and subsidiaries (the "Company," "Brady," "we," or "our") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of the Company, the foregoing statements contain all adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial position of the Company as of January 31, 2020 and July 31, 2019 , its results of operations and comprehensive income for the three and six months ended January 31, 2020 and 2019 , and cash flows for the six months ended January 31, 2020 and 2019 . The condensed consolidated balance sheet as of July 31, 2019 , has been derived from the audited consolidated financial statements as of that date. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts therein. Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from the estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to rules and regulations of the Securities and Exchange Commission. Accordingly, the condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statement presentation. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s annual report on Form 10-K for the year ended July 31, 2019 .

New Accounting Pronouncements (

New Accounting Pronouncements (Notes)	6 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" ("ASC 842"), which replaced the former lease accounting standards. The update requires, among other items, lessees to recognize the assets and liabilities that arise from most leases on the balance sheet and disclose key information about leasing arrangements. In July 2018, the FASB issued ASU 2018-11 "Leases (Topic 842): Targeted Improvements," which provides, among other items, an additional transition method allowing a cumulative effect adjustment to the opening balance of retained earnings during the period of adoption. ASC 842 is effective for interim periods in fiscal years beginning after December 15, 2018. The Company adopted ASU 2016-02 (and related updates) effective August 1, 2019, using the optional transition method provided in ASU 2018-11 to apply this guidance to the impacted lease population at the date of initial application. Results for reporting periods beginning after August 1, 2019, are presented under ASU 2016-02, while comparative prior period amounts have not been restated and continue to be presented under accounting standards in effect during those periods. The Company elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carryforward the historical lease accounting of expired or existing leases with respect to lease identification, lease classification and accounting treatment for initial direct costs as of the adoption date. The Company also elected the practical expedient related to lease versus nonlease components, allowing the Company to recognize lease and nonlease components as a single lease. Lastly, the Company elected the hindsight practical expedient, allowing the Company to use hindsight in determining the lease term and assessing impairment of right-of-use assets when transitioning to ASC 842. The Company has made a policy election not to capitalize leases with an initial term of 12 months or less. Upon adoption of ASC 842, the Company recorded additional operating lease assets and liabilities of $55,984 and $58,544 , respectively, as of August 1, 2019, which included operating lease assets and liabilities of $9,769 and $9,674, respectively, for leases that commenced on the adoption date of August 1, 2019. No cumulative effect adjustment to retained earnings was recognized upon adoption of the new standard. Adoption of ASC 842 did not have a material impact on the Company's cash flows or operating results. Refer to Note E "Leases" for additional information and required disclosures under the new standard. In August 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," which simplifies and reduces the complexity of the hedge accounting requirements and better aligns an entity's financial reporting for hedging relationships with its risk management activities. The guidance is effective for interim periods in fiscal years beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2017-12 effective August 1, 2019, using the required modified retrospective adoption approach to apply this guidance to existing hedging relationships as of the adoption date, which did not have a material impact on its consolidated financial statements. Standards not yet adopted In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments," which changes the impairment model for most financial instruments. Current guidance requires the recognition of credit losses based on an incurred loss impairment methodology that reflects losses once the losses are probable. Under ASU 2016-13, the Company will be required to use a current expected credit loss model ("CECL") that will immediately recognize an estimate of credit losses that are expected to occur over the life of the financial instruments that are in the scope of this update, including trade receivables. The CECL model uses a broader range of reasonable and supportable information in the development of credit loss estimates. This guidance becomes effective for interim periods in fiscal years beginning after December 15, 2019. The Company is currently evaluating the impact that the adoption of this ASU will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU 2017-04, "Goodwill and Other, Simplifying the Test for Goodwill Impairment," which simplifies the accounting for goodwill impairment. The new guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. This guidance is effective for annual periods beginning after December 15, 2019, and interim periods thereafter; however, early adoption is permitted for any impairment tests performed after January 1, 2017. The Company has not adopted this guidance, which will only impact the Company's consolidated financial statements if there is a future impairment of goodwill. In December 2019, the FASB issued ASU 2019-12, "Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)," which simplifies the accounting for income taxes. The new guidance removes certain exceptions to the general principles in ASC 740 such as recognizing deferred taxes for equity investments, the incremental approach to performing intraperiod tax allocation and calculating income taxes in interim periods. The standard also simplifies accounting for income taxes under U.S. GAAP by clarifying and amending existing guidance, including the recognition of deferred taxes for goodwill, the allocation of taxes to members of a consolidated group and requiring that an entity reflect the effect of enacted changes in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. This guidance is effective for annual periods beginning after December 15, 2020, and interim periods thereafter; however, early adoption is permitted. The Company is currently evaluating the impact that the adoption of this ASU will have on the consolidated financial statements and related disclosures.

Additional Balance Sheet Inform

Additional Balance Sheet Information (Notes)	6 Months Ended
	Jan. 31, 2020
Additional Balance Sheet Information [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	Additional Balance Sheet Information Inventories Inventories as of January 31, 2020 , and July 31, 2019 , consisted of the following: January 31, 2020 July 31, 2019 Finished products $ 77,951 $ 77,532 Work-in-process 21,477 20,515 Raw materials and supplies 21,360 21,990 Total inventories $ 120,788 $ 120,037 Property, plant and equipment Property, plant and equipment is presented net of accumulated depreciation in the amount of $280,961 and $273,880 as of January 31, 2020 , and July 31, 2019

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jan. 31, 2020
Text Block [Abstract]
Goodwill and Intangible Assets	Other Intangible Assets Other intangible assets include customer relationships, patents, and trademarks with finite lives being amortized in accordance with the accounting guidance for other intangible assets. The Company also has unamortized indefinite-lived trademarks that are classified as other intangible assets. The net book value of these assets was as follows: January 31, 2020 July 31, 2019 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Amortized other intangible assets: Customer relationships and other 9 $ 46,561 $ (31,897 ) $ 14,664 9 $ 46,595 $ (29,343 ) $ 17,252 Unamortized other intangible assets: Trademarks N/A 18,916 — 18,916 N/A 18,871 — 18,871 Total $ 65,477 $ (31,897 ) $ 33,580 $ 65,466 $ (29,343 ) $ 36,123 The change in the gross carrying amount of other intangible assets as of January 31, 2020 compared to July 31, 2019 was due to the effects of currency fluctuations during the six-month period. Amortization expense of intangible assets was $1,291 and $ 1,434 for the three months ended January 31, 2020 and 2019 , respectively, and $2,582 and $2,870 for the six months ended January 31, 2020 and 2019 , respectively. The amortization over each of the next five fiscal years is projected to be $ 5,163 , $ 5,163 , $ 4,894 , $ 2,025 and $ 0 for the fiscal years ending July 31, 2020 , 2021 , 2022 , 2023 and 2024 , respectively.

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Lessee, Operating Leases [Text Block]	Leases The Company leases certain manufacturing facilities, warehouses and office space, computer equipment, and vehicles accounted for as operating leases. Lease terms typically range from one year to fifteen years. As of January 31, 2020 , the Company did not have any finance leases. The Company determines whether an arrangement contains a lease at contract inception. The contract is considered to contain a lease if it provides the Company with the right to direct the use of and the right to obtain substantially all of the economic benefits from an identified asset in exchange for consideration. The Company recognizes a right-of-use (“ROU”) asset and a lease liability at the lease commencement date based on the present value of the future lease payments over the expected lease term. Additionally, the ROU asset includes any lease payments made on or before the commencement date, initial direct costs incurred, and is reduced by any lease incentives received. Some of the Company’s leases include options to extend the lease agreement. The exercise of an extension is at the Company’s sole discretion. The majority of renewal options are not included in the calculation of ROU assets and liabilities as they are not reasonably certain to be exercised. Some of the Company's lease agreements include rental payments that are adjusted periodically for inflation or the change in an index or rate, which are considered to be variable lease payments. Due to the nature of the Company’s variable lease payments, they are generally excluded from the initial measurement of the ROU asset and lease liability and are recognized in the period in which the obligation for those payments is incurred. The Company has lease agreements that include both lease and non-lease components, which the Company has elected to account for as a single lease component. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Generally, the discount rate implicit within the Company’s leases cannot be readily determined, and therefore the Company uses its incremental borrowing rate to determine the present value of the future lease payments. The incremental borrowing rate is estimated based on the sovereign credit rating for the countries in which the Company has its largest operations, adjusted for several factors, such as internal credit spread, lease terms and other market information available at the lease commencement date. Operating leases are reflected in “Operating lease assets,” “Current operating lease liabilities,” and “Long-term operating lease liabilities” on the Company's condensed consolidated balance sheets. Short-term lease expense, variable lease expenses, and sublease income was immaterial to the condensed consolidated statements of income for the three and six months ended January 31, 2020. The following table summarizes lease expense recognized for the three and six months ended January 31, 2020 : Three months ended Six months ended Condensed Consolidated Statements of Income Location January 31, 2020 January 31, 2020 Operating lease cost Cost of goods sold $ 2,092 $ 4,962 Operating lease cost Selling, general, and administrative expenses 2,182 4,716 The following table summarizes the maturity of the Company's lease liabilities as of January 31, 2020 : Years ended July 31, Operating Leases Remainder of 2020 $ 8,426 2021 15,780 2022 12,797 2023 9,427 2024 5,580 Thereafter 3,268 Total lease payments $ 55,278 Less interest (3,384 ) Present value of lease liabilities $ 51,894 The weighted average remaining lease terms and discount rates for the Company's operating leases as of January 31, 2020 were as follows: January 31, 2020 Weighted average remaining lease term (in years) 3.9 Weighted average discount rate 3.4 % Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2020 , were as follows: Six months ended January 31, 2020 Operating cash outflows from operating leases $ 8,216 Operating lease assets obtained in exchange for new operating lease liabilities 10,637 Operating lease assets obtained in exchange for new operating lease liabilities include $9,769 of operating lease assets related to leases that commenced on August 1, 2019, which were included in the adoption impact of the new lease accounting standard. The following table summarizes future minimum lease payments under operating leases as of July 31, 2019: Years ended July 31, Operating Leases 2020 $ 18,450 2021 16,132 2022 13,439 2023 10,065 2024 5,656 Thereafter 3,502 Total lease payments $ 67,244

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jan. 31, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders' Equity The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2020 : Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at October 31, 2019 $ 548 $ 327,241 $ 663,808 $ (43,779 ) $ (71,283 ) $ 876,535 Net income — — 33,553 — — 33,553 Other comprehensive loss, net of tax — — — — (1,207 ) (1,207 ) Issuance of shares of Class A Common Stock under stock plan — 187 — 624 — 811 Tax benefit and withholdings from deferred compensation distributions — 69 — — — 69 Stock-based compensation expense — 1,766 — — — 1,766 Cash dividends on Common Stock Class A — $0.22 per share — — (10,833 ) — — (10,833 ) Class B — $0.22 per share — — (770 ) — — (770 ) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155 ) $ (72,490 ) $ 899,924 The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2020 : Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at July 31, 2019 $ 548 $ 329,969 $ 637,843 $ (46,332 ) $ (71,254 ) $ 850,774 Net income — — 71,051 — — 71,051 Other comprehensive loss, net of tax — — — — (1,236 ) (1,236 ) Issuance of shares of Class A Common Stock under stock plan — (6,223 ) — 3,177 — (3,046 ) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 5,384 — — — 5,384 Cash dividends on Common Stock Class A — $0.44 per share — — (21,655 ) — — (21,655 ) Class B — $0.42 per share — — (1,481 ) — — (1,481 ) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155 ) $ (72,490 ) $ 899,924 The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2019 : Common Additional Retained Earnings Treasury Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at October 31, 2018 $ 548 $ 326,182 $ 570,858 $ (58,414 ) $ (66,231 ) $ 772,943 Net income — — 29,227 — — 29,227 Other comprehensive loss, net of tax — — — — 5,666 5,666 Issuance of shares of Class A Common Stock under stock plan — (162 ) — 5,235 — 5,073 Tax benefit and withholdings from deferred compensation distributions — 118 — — — 118 Stock-based compensation expense — 2,840 — — — 2,840 Purchase of shares of Class A Common Stock — — — (1,319 ) — (1,319 ) Cash dividends on Common Stock Class A — $0.21 per share — — (10,415 ) — — (10,415 ) Class B — $0.21 per share — — (752 ) — — (752 ) Balances at January 31, 2019 $ 548 $ 328,978 $ 588,918 $ (54,498 ) $ (60,565 ) $ 803,381 The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2019 : Common Additional Retained Earnings Treasury Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at July 31, 2018 $ 548 $ 325,631 $ 553,454 $ (71,120 ) $ (56,401 ) $ 752,112 Net income — — 59,864 — — 59,864 Other comprehensive loss, net of tax — — — — (4,164 ) (4,164 ) Issuance of shares of Class A Common Stock under stock plan — (4,667 ) — 19,804 — 15,137 Tax benefit and withholdings from deferred compensation distributions — 209 — — — 209 Stock-based compensation expense — 7,805 — — — 7,805 Purchase of shares of Class A Common Stock — — — (3,182 ) — (3,182 ) Adoption of ASU 2014-09, "Revenue from Contracts with Customers" — — (2,137 ) — — (2,137 ) Cash dividends on Common Stock Class A — $0.43 per share — — (20,818 ) — — (20,818 ) Class B — $0.41 per share — — (1,445 ) — — (1,445 ) Balances at January 31, 2019 $ 548 $ 328,978 $ 588,918 $ (54,498 ) $ (60,565 ) $ 803,381

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss Other Comprehensive Income (Loss)	6 Months Ended
	Jan. 31, 2020
Other Comprehensive Income (Loss), Tax [Abstract]
Comprehensive Income (Loss) Note	NOTE G — Accumulated Other Comprehensive Loss Other comprehensive loss consists of foreign currency translation adjustments which includes net investment hedges, unrealized gains and losses from cash flow hedges, and the unamortized gain on post-retirement plans, net of their related tax effects. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2020 : Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2019 $ 707 $ 2,800 $ (74,761 ) $ (71,254 ) Other comprehensive income (loss) before reclassification 468 (216 ) (913 ) (661 ) Amounts reclassified from accumulated other comprehensive loss (365 ) (210 ) — (575 ) Ending balance, January 31, 2020 $ 810 $ 2,374 $ (75,674 ) $ (72,490 ) The increase in accumulated other comprehensive loss as of January 31, 2020 , compared to July 31, 2019 , was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation and the settlements of net investment hedges, net of tax. Of the total $575 in amounts reclassified from accumulated other comprehensive loss, the $365 gain on cash flow hedges was reclassified into cost of goods sold, and the $210 gain on post-retirement plans was reclassified into investment and other income on the condensed consolidated statements of income for the six months ended January 31, 2020 . The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2019 , were as follows: Unrealized gain on Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2018 $ 863 $ 3,302 $ (60,566 ) $ (56,401 ) Other comprehensive income (loss) before reclassification 47 (169 ) (3,528 ) (3,650 ) Amounts reclassified from accumulated other comprehensive loss (215 ) (299 ) — (514 ) Ending balance, January 31, 2019 $ 695 $ 2,834 $ (64,094 ) $ (60,565 ) The increase in accumulated other comprehensive loss as of January 31, 2019 , compared to July 31, 2018 , was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes and the settlements of net investment hedges, net of tax. Of the total $514 in amounts reclassified from accumulated other comprehensive loss, the $215 gain on cash flow hedges was reclassified into cost of goods sold, and the $299 gain on post-retirement plans was reclassified into “Investment and other income” on the condensed consolidated statements of income for the six months ended January 31, 2019 . The following table illustrates the income tax expense on the components of other comprehensive loss for the three and six months ended January 31, 2020 and 2019 : Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Income tax (expense) benefit related to items of other comprehensive (loss) income: Cash flow hedges $ (5 ) $ 61 $ 30 $ (38 ) Pension and other post-retirement benefits 93 — 93 — Other income tax adjustments and currency translation (130 ) 135 46 (224 ) Income tax (expense) benefit related to items of other comprehensive (loss) income $ (42 ) $ 196 $ 169 $ (262 )

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Notes)	6 Months Ended
	Jan. 31, 2020
Revenue Recognition [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company recognizes revenue when control of the product or service transfers to the customer at an amount that represents the consideration expected to be received in exchange for those products and services. The Company’s revenues are primarily from the sale of identification and workplace safety products that are shipped and billed to customers. All revenue is from contracts with customers and is included in “Net sales” on the condensed consolidated statements of income. See Note I “Segment Information” for the Company’s disaggregated revenue disclosure. The Company’s contracts with customers consist of purchase orders, which in some cases are governed by master supply or distributor agreements. The majority of the Company's revenue is earned and recognized at a point in time through ship-and-bill performance obligations where the customer typically obtains control of the product upon shipment or delivery, depending on freight terms. The Company offers extended warranty coverage that is included in the sales price of certain products, which it accounts for as service warranties. The Company accounts for the deferred revenue associated with extended service warranties as a contract liability. At the time of sale, the extended warranty transaction price is recorded as deferred revenue and is recognized on a straight-line basis over the life of the service warranty period. The balance of contract liabilities associated with service warranty performance obligations was $2,797 and $2,782 as of January 31, 2020 and July 31, 2019 , respectively. This also represents the amount of unsatisfied performance obligations related to contracts that extend beyond one year. The current portion and non-current portion of contract liabilities are included in “Other current liabilities” and “Other liabilities," respectively, on the condensed consolidated balance sheets. The Company recognized revenue of $316 and $631 during the three and six months ended January 31, 2020 , respectively, that was included in the contract liability balance at the beginning of the period from the amortization of extended service warranties. Of the contract liability balance outstanding at January 31, 2020 , the Company expects to recognize 22% by the end of fiscal 2020 , an additional 34% by the end of fiscal 2021

Segment Information

Segment Information	6 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized and managed on a global basis within three operating segments, Identification Solutions, Workplace Safety, and People Identification ("PDC"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The Identification Solutions and PDC operating segments aggregate into the IDS reporting segment, while the WPS reporting segment is comprised solely of the Workplace Safety operating segment. The Company evaluates short-term segment performance based on segment profit and customer sales. 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 net sales by segment and geographic region for the three and six months ended January 31, 2020 and 2019 is as follows: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Net sales: ID Solutions Americas $ 137,909 $ 138,324 $ 287,271 $ 284,114 Europe 45,319 47,282 88,701 96,110 Asia 22,134 23,599 44,377 47,080 Total $ 205,362 $ 209,205 $ 420,349 $ 427,304 Workplace Safety Americas $ 23,636 $ 24,332 $ 47,939 $ 49,083 Europe 37,002 37,788 73,027 75,444 Australia 10,665 11,101 22,297 23,791 Total $ 71,303 $ 73,221 $ 143,263 $ 148,318 Total Company Americas $ 161,545 $ 162,656 $ 335,210 $ 333,197 Europe 82,321 85,070 161,728 171,554 Asia-Pacific 32,799 34,700 66,674 70,871 Total $ 276,665 $ 282,426 $ 563,612 $ 575,622 Segment profit for the three and six months ended January 31, 2020 and 2019 is as follows: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Segment profit: ID Solutions $ 40,655 $ 37,857 $ 83,098 $ 79,419 Workplace Safety 5,455 4,661 10,612 10,202 Total Company $ 46,110 $ 42,518 $ 93,710 $ 89,621 The following is a reconciliation of segment profit to income before income taxes for the three and six months ended January 31, 2020 and 2019 : Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Total profit from reportable segments $ 46,110 $ 42,518 $ 93,710 $ 89,621 Unallocated amounts: Administrative costs (4,866 ) (6,488 ) (11,575 ) (12,969 ) Investment and other income 1,760 1,377 3,140 1,360 Interest expense (647 ) (717 ) (1,348 ) (1,429 ) Income before income taxes $ 42,357 $ 36,690 $ 83,927 $ 76,583

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Net Income per Common Share	Net Income per Common Share Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Numerator (in thousands): Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 33,553 $ 29,227 $ 71,051 $ 59,864 Less: Preferential dividends — — (828 ) (815 ) Preferential dividends on dilutive stock options — — (10 ) (13 ) Numerator for basic and diluted income per Class B Voting Common Share $ 33,553 $ 29,227 $ 70,213 $ 59,036 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 53,320 52,532 53,232 52,366 Plus: Effect of dilutive equity awards 507 674 549 716 Denominator for diluted income per share for both Class A and Class B 53,827 53,206 53,781 53,082 Net income per Class A Nonvoting Common Share: Basic $ 0.63 $ 0.56 $ 1.33 $ 1.14 Diluted $ 0.62 $ 0.55 $ 1.32 $ 1.13 Net income per Class B Voting Common Share: Basic $ 0.63 $ 0.56 $ 1.32 $ 1.13 Diluted $ 0.62 $ 0.55 $ 1.31 $ 1.11 Stock-based awards to purchase 248,604 and 272,922 shares of Class A Nonvoting Common Stock for the three months ended January 31, 2020 and 2019 , respectively, and 286,161 and 476,412 shares for the six months ended January 31, 2020 and 2019

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jan. 31, 2020
Text Block [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with fair value accounting guidance, the Company determines fair value based on the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The inputs used to measure fair value are classified into the following hierarchy: Level 1 — Unadjusted quoted prices in active markets for identical instruments that are accessible as of the reporting date. Level 2 — Other significant pricing inputs that are either directly or indirectly observable. Level 3 — Significant unobservable pricing inputs, which result in the use of management's own assumptions. The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at January 31, 2020 and July 31, 2019 , according to the valuation techniques the Company used to determine their fair values. January 31, 2020 July 31, 2019 Fair Value Hierarchy Assets: Trading securities $ 18,143 $ 15,744 Level 1 Foreign exchange contracts 740 474 Level 2 Liabilities: Foreign exchange contracts 33 5 Level 2 The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Trading securities: The Company’s deferred compensation investments consist of investments in mutual funds, which are included in "Other assets" on the condensed consolidated balance sheets. These investments were classified as Level 1 as the shares of these investments trade with sufficient frequency and volume to enable us to obtain pricing information on an ongoing basis. Foreign exchange contracts: The Company’s foreign exchange contracts were classified as Level 2 as the fair value was based on the present value of the future cash flows using external models that use observable inputs, such as interest rates, yield curves and foreign exchange rates. See Note L, “Derivatives and Hedging Activities,” for additional information. There have been no transfers between fair value hierarchy levels during the six months ended January 31, 2020 . The fair values of cash and cash equivalents, accounts receivable, inventories, accounts payable, and other liabilities approximated carrying values due to their short-term nature. The following table summarizes the estimated fair value of the Company’s current maturities on its long-term debt obligations, at January 31, 2020 and July 31, 2019 , which was based on the quoted market prices for similar issues and on the current rates offered for debt of similar maturities. January 31, 2020 July 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Current maturities on long-term debt $ 49,627 $ 50,127 $ 50,166 $ 51,566

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company utilizes forward foreign exchange currency contracts to reduce the exchange rate risk of specific foreign currency denominated transactions. These contracts typically require the exchange of a foreign currency for U.S. dollars at a fixed rate at a future date, with maturities of less than 18 months , which qualify as cash flow hedges or net investment hedges under the accounting guidance for derivative instruments and hedging activities. The primary objective of the Company’s foreign currency exchange risk management program is to minimize the impact of currency movements due to transactions in other than the respective subsidiaries’ functional currency and to minimize the impact of currency movements on the Company’s net investment denominated in a currency other than the U.S. dollar. To achieve this objective, the Company hedges a portion of known exposures using forward foreign exchange currency contracts. The Company hedges a portion of known exposures using forward exchange contracts. Main exposures are related to transactions denominated in the British Pound, Euro, Canadian dollar, Australian dollar, Mexican Peso, Chinese Yuan, Malaysian Ringgit and Singapore dollar. Generally, these risk management transactions will involve the use of foreign currency derivatives to minimize the impact of currency movements on non-functional currency transactions. The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows: January 31, 2020 July 31, 2019 Designated as cash flow hedges $ 13,046 $ 26,013 Non-designated hedges 3,483 3,376 Total foreign exchange contracts $ 16,529 $ 29,389 Cash Flow Hedges The Company has designated a portion of its forward foreign exchange contracts as cash flow hedges and recorded these contracts at fair value on the condensed consolidated balance sheets. For these instruments, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income ("OCI") and reclassified into income in the same period or periods during which the hedged transaction affects income. As of January 31, 2020 and July 31, 2019 , unrealized gains of $878 and $805 have been included in OCI, respectively. Net Investment Hedges The Company has designated certain third party-foreign currency denominated debt instruments as net investment hedges. On May 13, 2010, the Company completed the private placement of €75,000 aggregate principal amount of senior unsecured notes consisting of €30,000 aggregate principal amount of 3.71% Series 2010-A Senior Notes, which were repaid during fiscal 2017, and €45,000 aggregate principal amount of 4.24% Series 2010-A Senior Notes, due May 13, 2020. This Euro-denominated debt obligation was designated as a net investment hedge to selectively hedge portions of the Company's net investment in European foreign operations. The Company’s foreign denominated debt obligations are valued under a market approach using publicized spot prices, and the net gains or losses attributable to the changes in spot prices are recorded as cumulative translation within AOCI and are included in the foreign currency translation adjustments section of the condensed consolidated statements of comprehensive income. As of January 31, 2020 and July 31, 2019 , the cumulative balance recognized in accumulated other comprehensive income were gains of $12,994 and $12,440 , respectively, on the Euro-denominated debt obligations. The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as hedging instruments: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Gains (losses) recognized in OCI: Foreign exchange contracts (cash flow hedges) $ 363 $ 537 $ 559 $ 157 Foreign currency denominated debt (net investment hedges) 531 (598 ) 553 1,022 Gains reclassified from OCI into cost of goods sold: Forward exchange contracts (cash flow hedges) 105 240 486 287 Non-Designated Hedges The Company recognized losses of $20 and $28 for the three and six months ended January 31, 2020 , respectively, and losses of $10 and $43 for the three and six months ended January 31, 2019 , respectively, in “Investment and other income” on the condensed consolidated statements of income related to non-designated hedges. Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2020 July 31, 2019 Prepaid expenses and other current assets Other current liabilities Current maturities on long-term obligations Prepaid expenses and other current assets Other current liabilities Current maturities on long-term obligations Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 727 — — $ 472 — — Foreign currency denominated debt (net investment hedges) — — 49,635 — — 50,189 Derivatives not designated as hedging instruments: Foreign exchange contracts 13 33 — 2 5 — Total derivative instruments $ 740 $ 33 $ 49,635 $ 474 $ 5 $ 50,189

Income Taxes

Income Taxes	6 Months Ended
	Jan. 31, 2020
Income Taxes [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes The effective income tax rate for the three and six months ended January 31, 2020 , was 20.8% and 15.3% , respectively. The Company expects its ongoing annual effective income tax rate to be approximately 20% based on its current global business mix. The effective income tax rate for the six months ended January 31, 2020 , was lower than the expected income tax rate due to the favorable settlement of a domestic income tax audit and tax benefits from stock-based compensation. The effective income tax rate for the three and six months ended January 31, 2019 , was 20.3% and 21.8%

Subsequent Events

Subsequent Events	6 Months Ended
	Jan. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE N — Subsequent Events On February 19, 2020, the Board of Directors declared a quarterly cash dividend to shareholders of the Company’s Class A and Class B Common Stock of $0.2175 per share payable on April 30, 2020, to shareholders of record at the close of business on April 9, 2020.

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	6 Months Ended
	Jan. 31, 2020
Additional Balance Sheet Information [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories as of January 31, 2020 , and July 31, 2019 , consisted of the following: January 31, 2020 July 31, 2019 Finished products $ 77,951 $ 77,532 Work-in-process 21,477 20,515 Raw materials and supplies 21,360 21,990 Total inventories $ 120,788 $ 120,037

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jan. 31, 2020
Text Block [Abstract]
Other Intangible Assets	January 31, 2020 July 31, 2019 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Amortized other intangible assets: Customer relationships and other 9 $ 46,561 $ (31,897 ) $ 14,664 9 $ 46,595 $ (29,343 ) $ 17,252 Unamortized other intangible assets: Trademarks N/A 18,916 — 18,916 N/A 18,871 — 18,871 Total $ 65,477 $ (31,897 ) $ 33,580 $ 65,466 $ (29,343 ) $ 36,123

Leases (Tables)

Leases (Tables)	6 Months Ended	12 Months Ended
	Jan. 31, 2020	Jul. 31, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The following table summarizes lease expense recognized for the three and six months ended January 31, 2020 : Three months ended Six months ended Condensed Consolidated Statements of Income Location January 31, 2020 January 31, 2020 Operating lease cost Cost of goods sold $ 2,092 $ 4,962 Operating lease cost Selling, general, and administrative expenses 2,182 4,716
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes the maturity of the Company's lease liabilities as of January 31, 2020 : Years ended July 31, Operating Leases Remainder of 2020 $ 8,426 2021 15,780 2022 12,797 2023 9,427 2024 5,580 Thereafter 3,268 Total lease payments $ 55,278 Less interest (3,384 ) Present value of lease liabilities $ 51,894
Cash Flow, Supplemental Disclosures [Text Block]	Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2020 , were as follows: Six months ended January 31, 2020 Operating cash outflows from operating leases $ 8,216 Operating lease assets obtained in exchange for new operating lease liabilities 10,637
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]		Years ended July 31, Operating Leases 2020 $ 18,450 2021 16,132 2022 13,439 2023 10,065 2024 5,656 Thereafter 3,502 Total lease payments $ 67,244

Stockholders' Equity Schedule o

Stockholders' Equity Schedule of Stockholders' Equity (Tables)	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity [Table Text Block]	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2020 : Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at October 31, 2019 $ 548 $ 327,241 $ 663,808 $ (43,779 ) $ (71,283 ) $ 876,535 Net income — — 33,553 — — 33,553 Other comprehensive loss, net of tax — — — — (1,207 ) (1,207 ) Issuance of shares of Class A Common Stock under stock plan — 187 — 624 — 811 Tax benefit and withholdings from deferred compensation distributions — 69 — — — 69 Stock-based compensation expense — 1,766 — — — 1,766 Cash dividends on Common Stock Class A — $0.22 per share — — (10,833 ) — — (10,833 ) Class B — $0.22 per share — — (770 ) — — (770 ) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155 ) $ (72,490 ) $ 899,924	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2019 : Common Additional Retained Earnings Treasury Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at October 31, 2018 $ 548 $ 326,182 $ 570,858 $ (58,414 ) $ (66,231 ) $ 772,943 Net income — — 29,227 — — 29,227 Other comprehensive loss, net of tax — — — — 5,666 5,666 Issuance of shares of Class A Common Stock under stock plan — (162 ) — 5,235 — 5,073 Tax benefit and withholdings from deferred compensation distributions — 118 — — — 118 Stock-based compensation expense — 2,840 — — — 2,840 Purchase of shares of Class A Common Stock — — — (1,319 ) — (1,319 ) Cash dividends on Common Stock Class A — $0.21 per share — — (10,415 ) — — (10,415 ) Class B — $0.21 per share — — (752 ) — — (752 ) Balances at January 31, 2019 $ 548 $ 328,978 $ 588,918 $ (54,498 ) $ (60,565 ) $ 803,381	The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2020 : Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at July 31, 2019 $ 548 $ 329,969 $ 637,843 $ (46,332 ) $ (71,254 ) $ 850,774 Net income — — 71,051 — — 71,051 Other comprehensive loss, net of tax — — — — (1,236 ) (1,236 ) Issuance of shares of Class A Common Stock under stock plan — (6,223 ) — 3,177 — (3,046 ) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 5,384 — — — 5,384 Cash dividends on Common Stock Class A — $0.44 per share — — (21,655 ) — — (21,655 ) Class B — $0.42 per share — — (1,481 ) — — (1,481 ) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155 ) $ (72,490 ) $ 899,924	The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2019 : Common Additional Retained Earnings Treasury Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at July 31, 2018 $ 548 $ 325,631 $ 553,454 $ (71,120 ) $ (56,401 ) $ 752,112 Net income — — 59,864 — — 59,864 Other comprehensive loss, net of tax — — — — (4,164 ) (4,164 ) Issuance of shares of Class A Common Stock under stock plan — (4,667 ) — 19,804 — 15,137 Tax benefit and withholdings from deferred compensation distributions — 209 — — — 209 Stock-based compensation expense — 7,805 — — — 7,805 Purchase of shares of Class A Common Stock — — — (3,182 ) — (3,182 ) Adoption of ASU 2014-09, "Revenue from Contracts with Customers" — — (2,137 ) — — (2,137 ) Cash dividends on Common Stock Class A — $0.43 per share — — (20,818 ) — — (20,818 ) Class B — $0.41 per share — — (1,445 ) — — (1,445 ) Balances at January 31, 2019 $ 548 $ 328,978 $ 588,918 $ (54,498 ) $ (60,565 ) $ 803,381

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss Other Comprehensive Income, Net of Tax (Tables)	6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Other Comprehensive Income (Loss), Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2020 : Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2019 $ 707 $ 2,800 $ (74,761 ) $ (71,254 ) Other comprehensive income (loss) before reclassification 468 (216 ) (913 ) (661 ) Amounts reclassified from accumulated other comprehensive loss (365 ) (210 ) — (575 ) Ending balance, January 31, 2020 $ 810 $ 2,374 $ (75,674 ) $ (72,490 )	The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2019 , were as follows: Unrealized gain on Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2018 $ 863 $ 3,302 $ (60,566 ) $ (56,401 ) Other comprehensive income (loss) before reclassification 47 (169 ) (3,528 ) (3,650 ) Amounts reclassified from accumulated other comprehensive loss (215 ) (299 ) — (514 ) Ending balance, January 31, 2019 $ 695 $ 2,834 $ (64,094 ) $ (60,565 )
Other Comprehensive Income, Tax	The following table illustrates the income tax expense on the components of other comprehensive loss for the three and six months ended January 31, 2020 and 2019 : Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Income tax (expense) benefit related to items of other comprehensive (loss) income: Cash flow hedges $ (5 ) $ 61 $ 30 $ (38 ) Pension and other post-retirement benefits 93 — 93 — Other income tax adjustments and currency translation (130 ) 135 46 (224 ) Income tax (expense) benefit related to items of other comprehensive (loss) income $ (42 ) $ 196 $ 169 $ (262 )

Revenue Recognition Expected Ti

Revenue Recognition Expected Timing of Satisfaction of Remaining Performance Obligation (Tables)	6 Months Ended
	Jan. 31, 2020
Revenue Recognition [Abstract]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Of the contract liability balance outstanding at January 31, 2020 , the Company expects to recognize 22% by the end of fiscal 2020 , an additional 34% by the end of fiscal 2021

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Net Sales by Segment and Geographic Region	The following is a summary of net sales by segment and geographic region for the three and six months ended January 31, 2020 and 2019 is as follows: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Net sales: ID Solutions Americas $ 137,909 $ 138,324 $ 287,271 $ 284,114 Europe 45,319 47,282 88,701 96,110 Asia 22,134 23,599 44,377 47,080 Total $ 205,362 $ 209,205 $ 420,349 $ 427,304 Workplace Safety Americas $ 23,636 $ 24,332 $ 47,939 $ 49,083 Europe 37,002 37,788 73,027 75,444 Australia 10,665 11,101 22,297 23,791 Total $ 71,303 $ 73,221 $ 143,263 $ 148,318 Total Company Americas $ 161,545 $ 162,656 $ 335,210 $ 333,197 Europe 82,321 85,070 161,728 171,554 Asia-Pacific 32,799 34,700 66,674 70,871 Total $ 276,665 $ 282,426 $ 563,612 $ 575,622
Segment Profit	Segment profit for the three and six months ended January 31, 2020 and 2019 is as follows: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Segment profit: ID Solutions $ 40,655 $ 37,857 $ 83,098 $ 79,419 Workplace Safety 5,455 4,661 10,612 10,202 Total Company $ 46,110 $ 42,518 $ 93,710 $ 89,621
Reconciliation of segment profit to earnings before income taxes	The following is a reconciliation of segment profit to income before income taxes for the three and six months ended January 31, 2020 and 2019 : Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Total profit from reportable segments $ 46,110 $ 42,518 $ 93,710 $ 89,621 Unallocated amounts: Administrative costs (4,866 ) (6,488 ) (11,575 ) (12,969 ) Investment and other income 1,760 1,377 3,140 1,360 Interest expense (647 ) (717 ) (1,348 ) (1,429 ) Income before income taxes $ 42,357 $ 36,690 $ 83,927 $ 76,583

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Reconciliations of Numerator and Denominator of Basic and Diluted Per Share	Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Numerator (in thousands): Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 33,553 $ 29,227 $ 71,051 $ 59,864 Less: Preferential dividends — — (828 ) (815 ) Preferential dividends on dilutive stock options — — (10 ) (13 ) Numerator for basic and diluted income per Class B Voting Common Share $ 33,553 $ 29,227 $ 70,213 $ 59,036 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 53,320 52,532 53,232 52,366 Plus: Effect of dilutive equity awards 507 674 549 716 Denominator for diluted income per share for both Class A and Class B 53,827 53,206 53,781 53,082 Net income per Class A Nonvoting Common Share: Basic $ 0.63 $ 0.56 $ 1.33 $ 1.14 Diluted $ 0.62 $ 0.55 $ 1.32 $ 1.13 Net income per Class B Voting Common Share: Basic $ 0.63 $ 0.56 $ 1.32 $ 1.13 Diluted $ 0.62 $ 0.55 $ 1.31 $ 1.11

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jan. 31, 2020
Text Block [Abstract]
Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis	The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at January 31, 2020 and July 31, 2019 , according to the valuation techniques the Company used to determine their fair values. January 31, 2020 July 31, 2019 Fair Value Hierarchy Assets: Trading securities $ 18,143 $ 15,744 Level 1 Foreign exchange contracts 740 474 Level 2 Liabilities: Foreign exchange contracts 33 5 Level 2
Schedule of Debt [Table Text Block]	January 31, 2020 July 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Current maturities on long-term debt $ 49,627 $ 50,127 $ 50,166 $ 51,566

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as hedging instruments: Three months ended January 31, Six months ended January 31, 2020 2019 2020 2019 Gains (losses) recognized in OCI: Foreign exchange contracts (cash flow hedges) $ 363 $ 537 $ 559 $ 157 Foreign currency denominated debt (net investment hedges) 531 (598 ) 553 1,022 Gains reclassified from OCI into cost of goods sold: Forward exchange contracts (cash flow hedges) 105 240 486 287
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	January 31, 2020 July 31, 2019 Designated as cash flow hedges $ 13,046 $ 26,013 Non-designated hedges 3,483 3,376 Total foreign exchange contracts $ 16,529 $ 29,389
Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2020 July 31, 2019 Prepaid expenses and other current assets Other current liabilities Current maturities on long-term obligations Prepaid expenses and other current assets Other current liabilities Current maturities on long-term obligations Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 727 — — $ 472 — — Foreign currency denominated debt (net investment hedges) — — 49,635 — — 50,189 Derivatives not designated as hedging instruments: Foreign exchange contracts 13 33 — 2 5 — Total derivative instruments $ 740 $ 33 $ 49,635 $ 474 $ 5 $ 50,189

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Notional Amount of Outstanding Derivatives (Tables)	6 Months Ended
	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	January 31, 2020 July 31, 2019 Designated as cash flow hedges $ 13,046 $ 26,013 Non-designated hedges 3,483 3,376 Total foreign exchange contracts $ 16,529 $ 29,389

New Accounting Pronouncements_2

New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Aug. 01, 2019	Jul. 31, 2019
Accounting Policies [Abstract]
Operating Lease, Right-of-Use Asset	$ 49,117	$ 55,984	$ 0
Operating Lease, Liability	$ 51,894	$ 58,544

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jul. 31, 2019
Inventory [Line Items]
Finished products	$ 77,951	$ 77,532
Work-in-process	21,477	20,515
Raw materials and supplies	21,360	21,990
Total inventories	$ 120,788	$ 120,037

Additional Balance Sheet Info_4

Additional Balance Sheet Information Accumulated Depreciation (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jul. 31, 2019
Accumulated depreciation [Abstract]
Accumulated Depreciation	$ 280,961	$ 273,880

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Other Intangibles Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Jul. 31, 2019
Other Intangible Assets [Line Items]
Gross Carrying Amount	$ 65,477		$ 65,477		$ 65,466
Accumulated Amortization	(31,897)		(31,897)		(29,343)
Net Book Value	33,580		33,580		$ 36,123
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	1,291	$ 1,434	2,582	$ 2,870
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	5,163		5,163
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5,163		5,163
Finite-Lived Intangible Assets, Amortization Expense, Year Three	4,894		4,894
Finite-Lived Intangible Assets, Amortization Expense, Year Four	2,025		2,025
Finite-Lived Intangible Assets, Amortization Expense, Year Five	0		$ 0
Customer relationships and other
Other Intangible Assets [Line Items]
Weighted Average Amortization Period			9 years		9 years
Gross Carrying Amount	46,561		$ 46,561		$ 46,595
Accumulated Amortization	(31,897)		(31,897)		(29,343)
Net Book Value	14,664		14,664		17,252
Trademarks
Other Intangible Assets [Line Items]
Gross Carrying Amount	18,916		18,916		18,871
Accumulated Amortization	0		0		0
Net Book Value	$ 18,916		$ 18,916		$ 18,871

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jan. 31, 2020	Jan. 31, 2020	Aug. 01, 2019	Jul. 31, 2019
Operating Lease Expense [Line Items]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability		$ 10,637
Operating Lease, Weighted Average Remaining Lease Term	3 years 10 months 24 days	3 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.40%	3.40%
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 8,426	$ 8,426		$ 18,450
Lessee, Operating Lease, Liability, Payments, Due Year Two	15,780	15,780		16,132
Lessee, Operating Lease, Liability, Payments, Due Year Three	12,797	12,797		13,439
Lessee, Operating Lease, Liability, Payments, Due Year Four	9,427	9,427		10,065
Lessee, Operating Lease, Liability, Payments, Due Year Five	5,580	5,580		5,656
Lessee, Operating Lease, Liability, Payments, Due after Year Five	3,268	3,268		3,502
Lessee, Operating Lease, Liability, Payments, Due	55,278	55,278		$ 67,244
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(3,384)	(3,384)
Operating Lease, Liability	51,894	51,894	$ 58,544
Operating Lease, Payments		8,216
Cost of Sales [Member]
Operating Lease Expense [Line Items]
Operating Lease, Cost	2,092	4,962
Selling, General and Administrative Expenses [Member]
Operating Lease Expense [Line Items]
Operating Lease, Cost	$ 2,182	$ 4,716

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Jul. 31, 2019	Oct. 31, 2018	Jul. 31, 2018
Schedule Of Stockholders Equity [Line Items]
Accumulated other comprehensive loss	$ (72,490)		$ (72,490)		$ (71,254)		$ (56,401)
Beginning balance	876,535	$ 772,943	850,774	$ 752,112
Net income	33,553	29,227	71,051	59,864
Other comprehensive loss, net of tax	(1,207)	5,666	(1,236)	(4,164)
Issuance of shares of Class A Common Stock under stock plan			(3,046)	(15,137)
Tax benefit and withholdings from deferred compensation distributions			133
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation				209
Stock-based compensation expense			5,384	7,805
Purchase of shares of Class A Common Stock				(3,182)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets						$ (2,137)
Cash dividends on Class A common stock			(21,655)	(20,818)
Cash dividends on Class B common stock			(1,481)	(1,445)
Ending balance	899,924	803,381	899,924	803,381
Common Stock
Schedule Of Stockholders Equity [Line Items]
Beginning balance	548	548	548	548
Ending balance	548	548	548	548
Additional Paid-in Capital
Schedule Of Stockholders Equity [Line Items]
Beginning balance	327,241	326,182	329,969	325,631
Issuance of shares of Class A Common Stock under stock plan			(6,223)	(4,667)
Tax benefit and withholdings from deferred compensation distributions		118	133	209
Stock-based compensation expense			5,384	7,805
Ending balance	329,263	328,978	329,263	328,978
Retained Earnings
Schedule Of Stockholders Equity [Line Items]
Beginning balance	663,808	570,858	637,843	553,454
Net income			71,051	59,864
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets						$ (2,137)
Cash dividends on Class A common stock			(21,655)	(20,818)
Cash dividends on Class B common stock			(1,481)	(1,445)
Ending balance	685,758	588,918	685,758	588,918
Treasury Stock
Schedule Of Stockholders Equity [Line Items]
Beginning balance	(43,779)	(58,414)	(46,332)	(71,120)
Issuance of shares of Class A Common Stock under stock plan			(3,177)	(19,804)
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation				0
Purchase of shares of Class A Common Stock		1,319		(3,182)
Ending balance	(43,155)	(54,498)	(43,155)	(54,498)
Accumulated Other Comprehensive Loss
Schedule Of Stockholders Equity [Line Items]
Accumulated other comprehensive loss		(60,565)		(60,565)
Beginning balance	(71,283)	(66,231)	(71,254)
Other comprehensive loss, net of tax			(1,236)	(4,164)
Ending balance	$ (72,490)	$ (60,565)	$ (72,490)	$ (60,565)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (71,254)	$ (56,401)
Other comprehensive loss (income) before reclassification	(661)	(3,650)
Amounts reclassified from accumulated other comprehensive loss	(575)	(514)
Ending balance	(72,490)
Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	707	863
Other comprehensive loss (income) before reclassification	468	47
Amounts reclassified from accumulated other comprehensive loss	(365)	(215)
Ending balance	810	695
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(74,761)	(60,566)
Other comprehensive loss (income) before reclassification	(913)	(3,528)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(75,674)	(64,094)
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,800	3,302
Other comprehensive loss (income) before reclassification	(216)	(169)
Amounts reclassified from accumulated other comprehensive loss	(210)	(299)
Ending balance	$ 2,374	2,834
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance		$ (60,565)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss Schedule of Other Comprehensive Income (Loss), Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ 5	$ (61)	$ (30)	$ 38
Pension and other post-retirement benefits	93	0	93	0
Other income tax adjustments and currency translation	(130)	135	46	(224)
Income tax (expense) benefit related to items of other comprehensive income	$ (42)	$ 196	$ 169	$ (262)

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jan. 31, 2020	Jan. 31, 2020	Jul. 31, 2019
Revenue Recognition [Abstract]
Contract with Customer, Liability	$ 2,797	$ 2,797	$ 2,782
Deferred Revenue, Revenue Recognized	$ 316	$ 631

Segment Information Net Sales b

Segment Information Net Sales by Segment and Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Net Sales by Segment and Geographic Area
Net sales	$ 276,665	$ 282,426	$ 563,612	$ 575,622
Americas
Net Sales by Segment and Geographic Area
Net sales	161,545	162,656	335,210	333,197
Europe
Net Sales by Segment and Geographic Area
Net sales	82,321	85,070	161,728	171,554
Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	32,799	34,700	66,674	70,871
ID Solutions
Net Sales by Segment and Geographic Area
Net sales	205,362	209,205	420,349	427,304
ID Solutions | Americas
Net Sales by Segment and Geographic Area
Net sales	137,909	138,324	287,271	284,114
ID Solutions | Europe
Net Sales by Segment and Geographic Area
Net sales	45,319	47,282	88,701	96,110
ID Solutions | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	22,134	23,599	44,377	47,080
Workplace Safety
Net Sales by Segment and Geographic Area
Net sales	71,303	73,221	143,263	148,318
Workplace Safety | Americas
Net Sales by Segment and Geographic Area
Net sales	23,636	24,332	47,939	49,083
Workplace Safety | Europe
Net Sales by Segment and Geographic Area
Net sales	37,002	37,788	73,027	75,444
Workplace Safety | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	$ 10,665	$ 11,101	$ 22,297	$ 23,791

Segment Information Segment Pro

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Segment Profit
Document Fiscal Year Focus			2020
Segment profit	$ 46,110	$ 42,518	$ 93,710	$ 89,621
ID Solutions
Segment Profit
Segment profit	40,655	37,857	83,098	79,419
Workplace Safety
Segment Profit
Segment profit	$ 5,455	$ 4,661	$ 10,612	$ 10,202

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Document Fiscal Year Focus			2020
Segment profit	$ 46,110	$ 42,518	$ 93,710	$ 89,621
Unallocated amounts:
Administrative costs	(4,866)	(6,488)	(11,575)	(12,969)
Investment and other income	1,760	1,377	3,140	1,360
Interest expense	(647)	(717)	(1,348)	(1,429)
Income before income taxes	$ 42,357	$ 36,690	$ 83,927	$ 76,583

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share [Line Items]
Net income	$ 33,553	$ 29,227	$ 71,051	$ 59,864
Denominator for basic earnings per share for both Class A and Class B	53,320	52,532	53,232	52,366
Plus: Effect of dilutive stock options	507	674	549	716
Denominator for diluted earnings per share for both Class A and Class B	53,827	53,206	53,781	53,082
Class A nonvoting common stock
Earnings Per Share [Line Items]
Net earnings per share, basic	$ 0.63	$ 0.56	$ 1.33	$ 1.14
Net earnings per share, diluted	$ 0.62	$ 0.55	$ 1.32	$ 1.13
Class B voting common stock
Earnings Per Share [Line Items]
Preferential dividends	$ 0	$ 0	$ 828	$ 815
Preferential dividends on dilutive stock options	0	0	10	(13)
Numerator for basic and diluted earnings per Class B Voting Common Share	$ 33,553	$ 29,227	$ 70,213	$ 59,036
Net earnings per share, basic	$ 0.63	$ 0.56	$ 1.32	$ 1.13
Net earnings per share, diluted	$ 0.62	$ 0.55	$ 1.31	$ 1.11

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Class A nonvoting common stock
Earnings Per Share [Line Items]
Common stock of Class A shares excluded from computations of diluted net earnings per share	248,604	272,922	286,161	476,412

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Jul. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Current Maturities	$ 49,627	$ 50,166
Long-term Debt, Fair Value	50,127	51,566
Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	18,143	15,744
Fair Value, Inputs, Level 2 [Member] | Prepaid expenses and other current assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Exchange Contracts	740	474
Fair Value, Inputs, Level 2 [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Exchange Contracts	$ 33	$ 5

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Jul. 31, 2019
Disclosure Fair Value Measurements Additional Information [Abstract]
Long-term Debt, Fair Value	$ 50,127	$ 51,566

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2020	Jul. 31, 2019
Derivatives, Fair Value [Line Items]
Document Period End Date	Jan. 31, 2020
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 740	$ 474
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	33	5
Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	49,635	50,189
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	727	472
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	0	0
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	0	0
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	0
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	0	0
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	49,635	50,189
Not designated as hedging Instruments [Member] | Cash Flow Hedging [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	13	2
Not designated as hedging Instruments [Member] | Cash Flow Hedging [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	33	5
Not designated as hedging Instruments [Member] | Cash Flow Hedging [Member] | Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 0	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Additional Information (Detail) £ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020USD ($)	Jan. 31, 2019USD ($)	Jan. 31, 2020USD ($)	Jan. 31, 2019USD ($)	Jul. 31, 2019USD ($)	Jul. 31, 2018USD ($)	May 13, 2010GBP (£)
Derivatives, Fair Value [Line Items]
Document Period End Date			Jan. 31, 2020
Derivative Maturities			18 months
Derivative, Notional Amount	$ 16,529,000		$ 16,529,000		$ 29,389,000
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	(878,000)		(878,000)		(805,000)
Cash Flow Hedge Gain (Loss) Reclassified to Earnings	105,000	$ 240,000	486,000	$ 287,000
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	(20,000)	$ (10,000)	(28,000)	$ (43,000)
Accumulated other comprehensive loss	(72,490,000)		(72,490,000)		(71,254,000)	$ (56,401,000)
Senior Unsecured Notes [Member]
Derivatives, Fair Value [Line Items]
Derivative, Amount of Hedged Item | £							£ 45,000
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	13,046,000		13,046,000		26,013,000
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive loss	$ 12,994		$ 12,994		$ 12,440

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2020	Jul. 31, 2019
Derivative [Line Items]
Document Period End Date	Jan. 31, 2020
Derivative, Notional Amount	$ 16,529	$ 29,389
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	13,046	26,013
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 3,483	$ 3,376

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jan. 31, 2020Rate	Jan. 31, 2019Rate	Jan. 31, 2020Rate	Jan. 31, 2019Rate
Income Taxes [Abstract]
Effective Income Tax Rate Reconciliation, Percent	20.80%	20.30%	15.30%	21.80%

Subsequent Events (Detail)

Subsequent Events (Detail)	Feb. 18, 2020$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared (USD per share)	$ 0.2175

Derivative Gains and Losses (De

Derivative Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 105	$ 240	$ 486	$ 287
Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain recognized in other comprehensive loss (income)	363	537	559	157
Net Investment Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain recognized in other comprehensive loss (income)	$ 531	$ (598)	$ 553	$ 1,022