Brady (BRC) 10-Q 21 May 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2020	May 19, 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	Apr. 30, 2020
Entity File Number	1-14959
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
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		48,421,588
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	Apr. 30, 2020	Jul. 31, 2019
Assets, Current [Abstract]
Cash and cash equivalents	$ 238,880	$ 279,072
Accounts receivable—net	145,133	158,114
Inventories	124,575	120,037
Prepaid expenses and other current assets	22,502	16,056
Total current assets	531,090	573,279
Property, plant and equipment—net	111,383	110,048
Goodwill	404,039	410,987
Other intangible assets	23,444	36,123
Deferred Income Tax Assets, Net	7,006	7,298
Operating Lease, Right-of-Use Asset	41,553	0
Other assets	21,827	19,573
Total	1,140,342	1,157,308
Current liabilities:
Accounts payable	58,819	64,810
Accrued compensation and benefits	41,591	62,509
Taxes, other than income taxes	7,667	8,107
Accrued income taxes	8,101	6,557
Operating Lease, Liability, Current	14,381	0
Other current liabilities	48,473	49,796
Total current liabilities	227,959	241,945
Operating Lease, Liability, Noncurrent	32,348	0
Long-term Debt, Current Maturities	48,927	50,166
Other liabilities	59,433	64,589
Total liabilities	319,740	306,534
Stockholders’ equity:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 48,431,617 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	330,968	329,969
Retained earnings	688,079	637,843
Treasury stock—2,829,870 and 1,802,646 shares, respectively, of Class A nonvoting common stock, at cost	(106,751)	(46,332)
Accumulated other comprehensive loss	(92,242)	(71,254)
Total stockholders’ equity	820,602	850,774
Total	$ 1,140,342	$ 1,157,308

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Apr. 30, 2020	Jul. 31, 2019
Class A nonvoting common stock
Common stock, shares outstanding	48,431,617	49,458,841
Treasury stock, shares	2,829,870	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		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Net sales	$ 265,943	$ 289,745	$ 829,555	$ 865,367
Cost of goods sold	136,416	143,996	419,496	433,269
Gross margin	129,527	145,749	410,059	432,098
Operating expenses:
Research and development	9,814	11,437	31,298	33,837
Selling, general and administrative	83,223	94,691	260,136	281,988
Asset Impairment Charges	13,821	0	13,821	0
Total operating expenses	106,858	106,128	305,255	315,825
Operating income	22,669	39,621	104,804	116,273
Other income (expense):
Investment and other income	112	2,065	3,252	3,425
Interest expense	(628)	(708)	(1,976)	(2,137)
Income before income taxes	22,153	40,978	106,080	117,561
Income tax expense	8,520	6,197	21,396	22,916
Net income	$ 13,633	$ 34,781	$ 84,684	$ 94,645
Weighted average common shares outstanding:
Basic	52,607	52,766	53,023	52,499
Diluted	52,972	53,480	53,512	53,215
Class A nonvoting common stock
Earnings Per Share
Net earnings per share, basic	$ 0.26	$ 0.66	$ 1.60	$ 1.80
Net earnings per share, diluted	0.26	0.65	1.58	1.78
Dividends	0.22	0.21	0.65	0.64
Class B voting common stock
Earnings Per Share
Net earnings per share, basic	0.26	0.66	1.58	1.79
Net earnings per share, diluted	0.26	0.65	1.57	1.76
Dividends	$ 0.22	$ 0.21	$ 0.64	$ 0.62

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 13,633	$ 34,781	$ 84,684	$ 94,645
Foreign currency translation adjustments	(17,424)	(7,337)	(18,383)	(10,641)
Cash flow hedges:
Reclassification adjustment for gains included in net income	(293)	(292)	(779)	(579)
Total cash flow hedges	(2,044)	(72)	(1,971)	(202)
Pension and other post-retirement benefits:
Net loss recognized in other comprehensive loss	(105)	(124)	(315)	(423)
Actuarial gain amortization	0	0	(309)	(169)
Total pension and other post-retirement benefits	(105)	(124)	(624)	(592)
Other comprehensive loss, before tax	(19,573)	(7,533)	(20,978)	(11,435)
Income tax expense related to items of other comprehensive loss	(179)	(348)	(10)	(610)
Other comprehensive loss, net of tax	(19,752)	(7,881)	(20,988)	(12,045)
Comprehensive Income [Member]
Pension and other post-retirement benefits:
Comprehensive (loss) income	$ (6,119)	$ 26,900	$ 63,696	$ 82,600

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income	$ 84,684	$ 94,645
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,731	17,836
Stock-based compensation expense	7,180	10,311
Deferred income taxes	(309)	3,796
Asset Impairment Charges	13,821	0
Other	1,698	1,372
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	9,019	332
Inventories	(7,439)	(9,254)
Prepaid expenses and other assets	(5,653)	(2,204)
Accounts payable and accrued liabilities	(26,609)	(20,548)
Income taxes	1,790	616
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Net cash provided by operating activities	95,913	96,902
Investing activities:
Purchases of property, plant and equipment	(21,616)	(17,528)
Other	(4,419)	(1,810)
Net cash used in investing activities	(26,035)	(19,338)
Financing activities:
Payments of dividends	(34,447)	(33,488)
Purchase of treasury stock	(64,113)	(3,182)
Proceeds from exercise of stock options	5,212	22,468
Payments for employee taxes withheld form stock-based awards	(7,832)	(4,348)
Proceeds from borrowing on credit facilities	0	13,637
Repayment of borrowing on credit facilities	0	(13,568)
Other	133	210
Net cash used in financing activities	(101,047)	(18,271)
Effect of exchange rate changes on cash	(9,023)	(2,288)
Net (decrease) increase in cash and cash equivalents	(40,192)	57,005
Cash and cash equivalents, beginning of period	279,072	181,427
Cash and cash equivalents, end of period	$ 238,880	$ 238,432

Income Taxes

Income Taxes	9 Months Ended
	Apr. 30, 2020
Income Taxes [Abstract]
Income Tax Disclosure [Text Block]	Income TaxesThe effective income tax rate for the three and nine months ended April 30, 2020, was 38.5% and 20.2%, respectively. The effective income tax rate for three months ended April 30, 2020, was higher than the effective income tax rate for same period in the prior year primarily due to an increase in the valuation allowance against foreign tax credit carryforwards resulting from a decrease in our expectations of future foreign source income.The effective income tax rate for the three and nine months ended April 30, 2019, was 15.1% and 19.5%, respectively.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Apr. 30, 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 April 30, 2020 and July 31, 2019, its results of operations and comprehensive income for the three and nine months ended April 30, 2020 and 2019, and cash flows for the nine months ended April 30, 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)	9 Months Ended
	Apr. 30, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [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 still 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 an impairment of goodwill after July 31, 2020. 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. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." Subject to meeting certain criteria, the new guidance provides optional expedients and exceptions to applying contract modification accounting under existing U.S. GAAP, to address the expected phase out of the London Inter-bank Offered Rate ("LIBOR") by the end of 2021. This guidance is effective upon issuance and allows application to contract changes as early as January 1, 2020. Some of the Company's contracts with respect to its borrowing agreements already contain comparable alternative reference rates that would automatically take effect upon the phasing out of LIBOR. The Company is in the process of reviewing its debt securities, bank facilities, and commercial contracts that utilize LIBOR as the reference rate and is currently evaluating the potential 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)	9 Months Ended
	Apr. 30, 2020
Additional Balance Sheet Information [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	Additional Balance Sheet Information Inventories Inventories as of April 30, 2020, and July 31, 2019, consisted of the following: April 30, 2020 July 31, 2019 Finished products $ 77,634 $ 77,532 Work-in-process 22,819 20,515 Raw materials and supplies 24,122 21,990 Total inventories $ 124,575 $ 120,037

Leases (Notes)

Leases (Notes)	9 Months Ended
	Apr. 30, 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 April 30, 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. Right-of-use assets are evaluated for impairment in the same manner as long-lived assets. During the three months ended April 30, 2020, impairment charges of $2,475 were recorded related to right-of-use assets, of which $2,035 and $440 related to the WPS and IDS segments, respectively. Refer to Note D, "Other Intangible and Long-Lived Assets" for additional information. 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 nine months ended April 30, 2020. The following table summarizes lease expense recognized for the three and nine months ended April 30, 2020: Three months ended Nine months ended Condensed Consolidated Statements of Income Location April 30, 2020 April 30, 2020 Operating lease cost Cost of goods sold $ 2,074 $ 7,036 Operating lease cost Selling, general, and administrative expenses 2,145 6,861 The following table summarizes the maturity of the Company's lease liabilities as of April 30, 2020: Years ended July 31, Operating Leases Remainder of 2020 $ 4,245 2021 15,429 2022 12,554 2023 9,209 2024 5,470 Thereafter 3,160 Total lease payments $ 50,067 Less interest (3,338) Present value of lease liabilities $ 46,729 The weighted average remaining lease terms and discount rates for the Company's operating leases as of April 30, 2020 were as follows: April 30, 2020 Weighted average remaining lease term (in years) 3.7 Weighted average discount rate 3.4 % Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2020 , were as follows: Nine months ended April 30, 2020 Operating cash outflows from operating leases $ 12,469 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	9 Months Ended
	Apr. 30, 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 April 30, 2020: Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924 Net income — — 13,633 — — 13,633 Other comprehensive loss, net of tax — — — — (19,752) (19,752) Issuance of shares of Class A Common Stock under stock plan — (91) — 517 — 426 Stock-based compensation expense — 1,796 — — — 1,796 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.22 per share — — (10,542) — — (10,542) Class B — $0.22 per share — — (770) — — (770) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602 The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 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 — — 84,684 — — 84,684 Other comprehensive loss, net of tax — — — — (20,988) (20,988) Issuance of shares of Class A Common Stock under stock plan — (6,314) — 3,694 — (2,620) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 7,180 — — — 7,180 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.65 per share — — (32,197) — — (32,197) Class B — $0.64 per share — — (2,251) — — (2,251) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602 The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended April 30, 2019: Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at January 31, 2019 $ 548 $ 328,978 $ 588,918 $ (54,498) $ (60,565) $ 803,381 Net income — — 34,781 — — 34,781 Other comprehensive loss, net of tax — — — — (7,881) (7,881) Issuance of shares of Class A Common Stock under stock plan — (1,433) — 4,415 — 2,982 Stock-based compensation expense — 2,506 — — — 2,506 Cash dividends on Common Stock: Class A — $0.21 per share — — (10,473) — — (10,473) Class B — $0.21 per share — — (752) — — (752) Balances at April 30, 2019 $ 548 $ 330,051 $ 612,474 $ (50,083) $ (68,446) $ 824,544 The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 2019: Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at July 31, 2018 $ 548 $ 325,631 $ 553,454 $ (71,120) $ (56,401) $ 752,112 Net income — — 94,645 — — 94,645 Other comprehensive loss, net of tax — — — — (12,045) (12,045) Issuance of shares of Class A Common Stock under stock plan — (6,100) — 24,219 — 18,119 Tax benefit and withholdings from deferred compensation distributions — 209 — — — 209 Stock-based compensation expense — 10,311 — — — 10,311 Repurchase 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 — $0.64 per share — — (31,291) — — (31,291) Class B — $0.62 per share — — (2,197) — — (2,197) Balances at April 30, 2019 $ 548 $ 330,051 $ 612,474 $ (50,083) $ (68,446) $ 824,544

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss Other Comprehensive Income (Loss)	9 Months Ended
	Apr. 30, 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 nine months ended April 30, 2020: Unrealized gain on 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 loss before reclassification (1,363) (216) (18,510) (20,089) Amounts reclassified from accumulated other comprehensive loss (584) (315) — (899) Ending balance, April 30, 2020 $ (1,240) $ 2,269 $ (93,271) $ (92,242) The increase in accumulated other comprehensive loss as of April 30, 2020, compared to July 31, 2019, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-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 $899 in amounts reclassified from accumulated other comprehensive loss, the $584 gain on cash flow hedges was reclassified into "Cost of goods sold", and the $315 gain on post-retirement plans was reclassified into "Investment and other income" on the condensed consolidated statements of income for the nine months ended April 30, 2020. The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 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 233 (169) (11,252) (11,188) Amounts reclassified from accumulated other comprehensive loss (434) (423) — (857) Ending balance, April 30, 2019 $ 662 $ 2,710 $ (71,818) $ (68,446) The increase in accumulated other comprehensive loss as of April 30, 2019, compared to July 31, 2018, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-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 $857 in amounts reclassified from accumulated other comprehensive loss, the $434 gain on cash flow hedges was reclassified into "Cost of goods sold", and the $423 gain on post-retirement plans was reclassified into “Investment and other income” on the condensed consolidated statements of income for the nine months ended April 30, 2019. The following table illustrates the income tax expense on the components of other comprehensive loss for the three and nine months ended April 30, 2020 and 2019: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Income tax expense related to items of other comprehensive loss: Cash flow hedges $ (6) $ 38 $ 24 $ — Pension and other post-retirement benefits — — 93 — Other income tax adjustments and currency translation (173) (386) (127) (610) Income tax expense related to items of other comprehensive loss $ (179) $ (348) $ (10) $ (610)

Revenue from Contracts with Cus

Revenue from Contracts with Customers (Notes)	9 Months Ended
	Apr. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	Revenue RecognitionThe 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.

Segment Information

Segment Information	9 Months Ended
	Apr. 30, 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. Impairment charges, 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 nine months ended April 30, 2020 and 2019 is as follows: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Net sales: ID Solutions Americas $ 131,169 $ 143,557 $ 418,440 $ 427,671 Europe 41,183 48,984 129,884 145,094 Asia 20,817 21,438 65,194 68,518 Total $ 193,169 $ 213,979 $ 613,518 $ 641,283 Workplace Safety Americas $ 21,456 $ 25,778 $ 69,395 $ 74,861 Europe 37,567 38,372 110,594 113,816 Australia 13,751 11,616 36,048 35,407 Total $ 72,774 $ 75,766 $ 216,037 $ 224,084 Total Company Americas $ 152,625 $ 169,335 $ 487,835 $ 502,532 Europe 78,750 87,356 240,478 258,910 Asia-Pacific 34,568 33,054 101,242 103,925 Total $ 265,943 $ 289,745 $ 829,555 $ 865,367 Segment profit for the three and nine months ended April 30, 2020 and 2019 is as follows: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Segment profit: ID Solutions $ 36,401 $ 39,892 $ 119,499 $ 119,311 Workplace Safety 4,379 6,099 14,991 16,301 Total Company $ 40,780 $ 45,991 $ 134,490 $ 135,612 The following is a reconciliation of segment profit to income before income taxes for the three and nine months ended April 30, 2020 and 2019: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Total profit from reportable segments $ 40,780 $ 45,991 $ 134,490 $ 135,612 Unallocated amounts: Administrative costs (4,290) (6,370) (15,865) (19,339) Impairment charges (1) (13,821) — (13,821) — Investment and other income 112 2,065 3,252 3,425 Interest expense (628) (708) (1,976) (2,137) Income before income taxes $ 22,153 $ 40,978 $ 106,080 $ 117,561

Net Income per Common Share

Net Income per Common Share	9 Months Ended
	Apr. 30, 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 April 30, Nine months ended April 30, 2020 2019 2020 2019 Numerator (in thousands): Income (Numerator for basic and diluted income per $ 13,633 $ 34,781 $ 84,684 $ 94,645 Less: Preferential dividends — — (828) (815) Preferential dividends on dilutive stock options — — (10) (13) Numerator for basic and diluted income per Class B $ 13,633 $ 34,781 $ 83,846 $ 93,817 Denominator: (in thousands) Denominator for basic income per share for both 52,607 52,766 53,023 52,499 Plus: Effect of dilutive equity awards 365 714 489 716 Denominator for diluted income per share for both 52,972 53,480 53,512 53,215 Net income per Class A Nonvoting Common Share: Basic $ 0.26 $ 0.66 $ 1.60 $ 1.80 Diluted $ 0.26 $ 0.65 $ 1.58 $ 1.78 Net income per Class B Voting Common Share: Basic $ 0.26 $ 0.66 $ 1.58 $ 1.79 Diluted $ 0.26 $ 0.65 $ 1.57 $ 1.76 Stock-based awards to purchase 488,932 and 269,606 shares of Class A Nonvoting Common Stock for the three months ended April 30, 2020 and 2019, respectively, and 353,752 and 407,477

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Apr. 30, 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 April 30, 2020 and July 31, 2019, according to the valuation techniques the Company used to determine their fair values. April 30, 2020 July 31, 2019 Fair Value Hierarchy Assets: Trading securities $ 17,172 $ 15,744 Level 1 Foreign exchange contracts 241 474 Level 2 Liabilities: Foreign exchange contracts 1,360 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 nine months ended April 30, 2020. The fair values of cash and cash equivalents, accounts receivable, inventories, accounts payable, and other current liabilities approximated carrying values due to their short-term nature. During the three months ended April 30, 2020, impairment charges of $13,821 were recorded in connection with writing down the carrying values of certain other intangible and long-lived assets to their respective fair values. These represented Level 3 assets measured at fair value on a nonrecurring basis subsequent to their original recognition. Refer to Note D, "Other Intangible and Long-Lived Assets" for additional information on the methods and assumptions used to determine fair value. The following table summarizes the estimated fair value of the Company’s current maturities on its long-term debt obligations, at April 30, 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. April 30, 2020 July 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Current maturities on long-term debt $ 48,927 $ 48,988 $ 50,166 $ 51,566

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Apr. 30, 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: April 30, 2020 July 31, 2019 Designated as cash flow hedges $ 21,533 $ 26,013 Non-designated hedges 2,707 3,376 Total foreign exchange contracts $ 24,240 $ 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 April 30, 2020 and July 31, 2019, unrealized losses of $1,166 and gains of $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 April 30, 2020 and July 31, 2019, the cumulative balance recognized in accumulated other comprehensive income were gains of $13,700 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 April 30, Nine months ended April 30, 2020 2019 2020 2019 (Losses) gains recognized in OCI: Foreign exchange contracts (cash flow hedges) $ (1,751) $ 220 $ (1,192) $ 377 Foreign currency denominated debt (net investment hedges) 707 1,314 1,260 2,336 Gains reclassified from OCI into cost of goods sold: Forward exchange contracts (cash flow hedges) 293 292 779 579 Non-Designated Hedges The Company recognized gains of $39 and $11 for the three and nine months ended April 30, 2020, respectively, and losses of $6 and $49 for the three and nine months ended April 30, 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: April 30, 2020 July 31, 2019 Prepaid expenses and other current assets Other current liabilities Current maturities on Prepaid expenses and other current assets Other current liabilities Current maturities on Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 176 $ — $ — $ 472 $ — $ — Foreign currency denominated debt (net investment hedges) — — 48,929 — — 50,189 Derivatives not designated as hedging instruments: Foreign exchange contracts 65 1,360 — 2 5 — Total derivative instruments $ 241 $ 1,360 $ 48,929 $ 474 $ 5 $ 50,189

Subsequent Events

Subsequent Events	9 Months Ended
	Apr. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE N — Subsequent Events On May 20, 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 July 31, 2020, to shareholders of record at the close of business on July 10, 2020.

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	9 Months Ended
	Apr. 30, 2020
Additional Balance Sheet Information [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories as of April 30, 2020, and July 31, 2019, consisted of the following: April 30, 2020 July 31, 2019 Finished products $ 77,634 $ 77,532 Work-in-process 22,819 20,515 Raw materials and supplies 24,122 21,990 Total inventories $ 124,575 $ 120,037

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Apr. 30, 2020
Text Block [Abstract]
Other Intangible Assets	April 30, 2020 July 31, 2019 Weighted Gross Accumulated Net Book Weighted Gross Accumulated Net Book Amortized other intangible assets: Customer relationships and other 8 $ 47,180 $ (33,150) $ 14,030 9 $ 46,595 $ (29,343) $ 17,252 Unamortized other intangible assets: Tradenames N/A 9,414 — 9,414 N/A 18,871 — 18,871 Total $ 56,594 $ (33,150) $ 23,444 $ 65,466 $ (29,343) $ 36,123

Leases (Tables)

Leases (Tables)	9 Months Ended
	Apr. 30, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	The following table summarizes lease expense recognized for the three and nine months ended April 30, 2020: Three months ended Nine months ended Condensed Consolidated Statements of Income Location April 30, 2020 April 30, 2020 Operating lease cost Cost of goods sold $ 2,074 $ 7,036 Operating lease cost Selling, general, and administrative expenses 2,145 6,861
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes the maturity of the Company's lease liabilities as of April 30, 2020: Years ended July 31, Operating Leases Remainder of 2020 $ 4,245 2021 15,429 2022 12,554 2023 9,209 2024 5,470 Thereafter 3,160 Total lease payments $ 50,067 Less interest (3,338) Present value of lease liabilities $ 46,729
Cash Flow, Supplemental Disclosures [Text Block]	Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2020 , were as follows: Nine months ended April 30, 2020 Operating cash outflows from operating leases $ 12,469 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]	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 Schedule o

Stockholders' Equity Schedule of Stockholders' Equity (Tables)	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 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 April 30, 2020: Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924 Net income — — 13,633 — — 13,633 Other comprehensive loss, net of tax — — — — (19,752) (19,752) Issuance of shares of Class A Common Stock under stock plan — (91) — 517 — 426 Stock-based compensation expense — 1,796 — — — 1,796 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.22 per share — — (10,542) — — (10,542) Class B — $0.22 per share — — (770) — — (770) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended April 30, 2019: Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at January 31, 2019 $ 548 $ 328,978 $ 588,918 $ (54,498) $ (60,565) $ 803,381 Net income — — 34,781 — — 34,781 Other comprehensive loss, net of tax — — — — (7,881) (7,881) Issuance of shares of Class A Common Stock under stock plan — (1,433) — 4,415 — 2,982 Stock-based compensation expense — 2,506 — — — 2,506 Cash dividends on Common Stock: Class A — $0.21 per share — — (10,473) — — (10,473) Class B — $0.21 per share — — (752) — — (752) Balances at April 30, 2019 $ 548 $ 330,051 $ 612,474 $ (50,083) $ (68,446) $ 824,544	The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 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 — — 84,684 — — 84,684 Other comprehensive loss, net of tax — — — — (20,988) (20,988) Issuance of shares of Class A Common Stock under stock plan — (6,314) — 3,694 — (2,620) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 7,180 — — — 7,180 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.65 per share — — (32,197) — — (32,197) Class B — $0.64 per share — — (2,251) — — (2,251) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602	The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 2019: Common Additional Retained Earnings Treasury Accumulated Other Total Stockholders' Equity Balances at July 31, 2018 $ 548 $ 325,631 $ 553,454 $ (71,120) $ (56,401) $ 752,112 Net income — — 94,645 — — 94,645 Other comprehensive loss, net of tax — — — — (12,045) (12,045) Issuance of shares of Class A Common Stock under stock plan — (6,100) — 24,219 — 18,119 Tax benefit and withholdings from deferred compensation distributions — 209 — — — 209 Stock-based compensation expense — 10,311 — — — 10,311 Repurchase 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 — $0.64 per share — — (31,291) — — (31,291) Class B — $0.62 per share — — (2,197) — — (2,197) Balances at April 30, 2019 $ 548 $ 330,051 $ 612,474 $ (50,083) $ (68,446) $ 824,544

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss Other Comprehensive Income, Net of Tax (Tables)	9 Months Ended
	Apr. 30, 2020	Apr. 30, 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 nine months ended April 30, 2020: Unrealized gain on 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 loss before reclassification (1,363) (216) (18,510) (20,089) Amounts reclassified from accumulated other comprehensive loss (584) (315) — (899) Ending balance, April 30, 2020 $ (1,240) $ 2,269 $ (93,271) $ (92,242)	The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended April 30, 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 233 (169) (11,252) (11,188) Amounts reclassified from accumulated other comprehensive loss (434) (423) — (857) Ending balance, April 30, 2019 $ 662 $ 2,710 $ (71,818) $ (68,446)
Other Comprehensive Income, Tax	The following table illustrates the income tax expense on the components of other comprehensive loss for the three and nine months ended April 30, 2020 and 2019: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Income tax expense related to items of other comprehensive loss: Cash flow hedges $ (6) $ 38 $ 24 $ — Pension and other post-retirement benefits — — 93 — Other income tax adjustments and currency translation (173) (386) (127) (610) Income tax expense related to items of other comprehensive loss $ (179) $ (348) $ (10) $ (610)

Revenue Recognition Expected Ti

Revenue Recognition Expected Timing of Satisfaction of Remaining Performance Obligation (Tables)	9 Months Ended
	Apr. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Of the contract liability balance outstanding at April 30, 2020, the Company expects to recognize 11% by the end of fiscal 2020, an additional 37% by the end of fiscal 2021, and the remaining balance thereafter.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Apr. 30, 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 nine months ended April 30, 2020 and 2019 is as follows: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Net sales: ID Solutions Americas $ 131,169 $ 143,557 $ 418,440 $ 427,671 Europe 41,183 48,984 129,884 145,094 Asia 20,817 21,438 65,194 68,518 Total $ 193,169 $ 213,979 $ 613,518 $ 641,283 Workplace Safety Americas $ 21,456 $ 25,778 $ 69,395 $ 74,861 Europe 37,567 38,372 110,594 113,816 Australia 13,751 11,616 36,048 35,407 Total $ 72,774 $ 75,766 $ 216,037 $ 224,084 Total Company Americas $ 152,625 $ 169,335 $ 487,835 $ 502,532 Europe 78,750 87,356 240,478 258,910 Asia-Pacific 34,568 33,054 101,242 103,925 Total $ 265,943 $ 289,745 $ 829,555 $ 865,367
Segment Profit	Segment profit for the three and nine months ended April 30, 2020 and 2019 is as follows: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Segment profit: ID Solutions $ 36,401 $ 39,892 $ 119,499 $ 119,311 Workplace Safety 4,379 6,099 14,991 16,301 Total Company $ 40,780 $ 45,991 $ 134,490 $ 135,612
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 nine months ended April 30, 2020 and 2019: Three months ended April 30, Nine months ended April 30, 2020 2019 2020 2019 Total profit from reportable segments $ 40,780 $ 45,991 $ 134,490 $ 135,612 Unallocated amounts: Administrative costs (4,290) (6,370) (15,865) (19,339) Impairment charges (1) (13,821) — (13,821) — Investment and other income 112 2,065 3,252 3,425 Interest expense (628) (708) (1,976) (2,137) Income before income taxes $ 22,153 $ 40,978 $ 106,080 $ 117,561

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	9 Months Ended
	Apr. 30, 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 April 30, Nine months ended April 30, 2020 2019 2020 2019 Numerator (in thousands): Income (Numerator for basic and diluted income per $ 13,633 $ 34,781 $ 84,684 $ 94,645 Less: Preferential dividends — — (828) (815) Preferential dividends on dilutive stock options — — (10) (13) Numerator for basic and diluted income per Class B $ 13,633 $ 34,781 $ 83,846 $ 93,817 Denominator: (in thousands) Denominator for basic income per share for both 52,607 52,766 53,023 52,499 Plus: Effect of dilutive equity awards 365 714 489 716 Denominator for diluted income per share for both 52,972 53,480 53,512 53,215 Net income per Class A Nonvoting Common Share: Basic $ 0.26 $ 0.66 $ 1.60 $ 1.80 Diluted $ 0.26 $ 0.65 $ 1.58 $ 1.78 Net income per Class B Voting Common Share: Basic $ 0.26 $ 0.66 $ 1.58 $ 1.79 Diluted $ 0.26 $ 0.65 $ 1.57 $ 1.76

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Apr. 30, 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 April 30, 2020 and July 31, 2019, according to the valuation techniques the Company used to determine their fair values. April 30, 2020 July 31, 2019 Fair Value Hierarchy Assets: Trading securities $ 17,172 $ 15,744 Level 1 Foreign exchange contracts 241 474 Level 2 Liabilities: Foreign exchange contracts 1,360 5 Level 2
Schedule of Debt [Table Text Block]	April 30, 2020 July 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Current maturities on long-term debt $ 48,927 $ 48,988 $ 50,166 $ 51,566

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Apr. 30, 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 April 30, Nine months ended April 30, 2020 2019 2020 2019 (Losses) gains recognized in OCI: Foreign exchange contracts (cash flow hedges) $ (1,751) $ 220 $ (1,192) $ 377 Foreign currency denominated debt (net investment hedges) 707 1,314 1,260 2,336 Gains reclassified from OCI into cost of goods sold: Forward exchange contracts (cash flow hedges) 293 292 779 579
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	April 30, 2020 July 31, 2019 Designated as cash flow hedges $ 21,533 $ 26,013 Non-designated hedges 2,707 3,376 Total foreign exchange contracts $ 24,240 $ 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: April 30, 2020 July 31, 2019 Prepaid expenses and other current assets Other current liabilities Current maturities on Prepaid expenses and other current assets Other current liabilities Current maturities on Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 176 $ — $ — $ 472 $ — $ — Foreign currency denominated debt (net investment hedges) — — 48,929 — — 50,189 Derivatives not designated as hedging instruments: Foreign exchange contracts 65 1,360 — 2 5 — Total derivative instruments $ 241 $ 1,360 $ 48,929 $ 474 $ 5 $ 50,189

New Accounting Pronouncements_2

New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Aug. 01, 2019	Jul. 31, 2019
Accounting Policies [Abstract]
Operating Lease, Right-of-Use Asset	$ 41,553	$ 55,984	$ 0
Operating Lease, Liability	$ 46,729	$ 58,544

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jul. 31, 2019
Inventory [Line Items]
Finished products	$ 77,634	$ 77,532
Work-in-process	22,819	20,515
Raw materials and supplies	24,122	21,990
Total inventories	$ 124,575	$ 120,037

Additional Balance Sheet Info_4

Additional Balance Sheet Information Accumulated Depreciation (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jul. 31, 2019
Accumulated depreciation [Abstract]
Accumulated Depreciation	$ 279,757	$ 273,880

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Other Intangibles Assets (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Apr. 30, 2020	Oct. 31, 2019	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019	Jul. 31, 2019
Other Intangible Assets [Line Items]
Gross Carrying Amount	$ 56,594			$ 56,594		$ 65,466
Accumulated Amortization	(33,150)			(33,150)		(29,343)
Net Book Value	23,444			23,444		36,123
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	1,290		$ 1,443	3,872	$ 4,314
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	5,218			5,218
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5,384			5,384
Finite-Lived Intangible Assets, Amortization Expense, Year Three	5,109			5,109
Finite-Lived Intangible Assets, Amortization Expense, Year Four	2,191			2,191
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		8 years
Gross Carrying Amount	47,180			$ 47,180		46,595
Accumulated Amortization	(33,150)			(33,150)		(29,343)
Net Book Value	14,030			14,030		17,252
Tradenames
Other Intangible Assets [Line Items]
Gross Carrying Amount	9,414			9,414		18,871
Accumulated Amortization	0			0		0
Net Book Value	$ 9,414			$ 9,414		$ 18,871

Other Intangible Impairment Cha

Other Intangible Impairment Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Indefinite-lived Intangible Assets [Line Items]
Asset Impairment Charges	$ 13,821	$ 0	$ 13,821	$ 0
Tangible Asset Impairment Charges	2,681
Operating Lease, Impairment Loss	2,475
Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Other Intangible Assets, Net	9,328		9,328
Assets, Fair Value Disclosure	663		$ 663
ID Solutions
Indefinite-lived Intangible Assets [Line Items]
Asset Impairment Charges	2,792
Tangible Asset Impairment Charges	2,353
Operating Lease, Impairment Loss	440
Workplace Safety
Indefinite-lived Intangible Assets [Line Items]
Asset Impairment Charges	11,029
Tangible Asset Impairment Charges	328
Operating Lease, Impairment Loss	$ 2,035

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Apr. 30, 2020	Apr. 30, 2020	Aug. 01, 2019	Jul. 31, 2019
Operating Lease Expense [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	3 years 8 months 12 days	3 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	3.40%	3.40%
Operating Lease, Payments		$ 12,469
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability		10,637
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 4,245	4,245		$ 18,450
Lessee, Operating Lease, Liability, Payments, Due Year Two	15,429	15,429		16,132
Lessee, Operating Lease, Liability, Payments, Due Year Three	12,554	12,554		13,439
Lessee, Operating Lease, Liability, Payments, Due Year Four	9,209	9,209		10,065
Lessee, Operating Lease, Liability, Payments, Due Year Five	5,470	5,470		5,656
Lessee, Operating Lease, Liability, Payments, Due after Year Five	3,160	3,160		3,502
Lessee, Operating Lease, Liability, Payments, Due	50,067	50,067		$ 67,244
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(3,338)	(3,338)
Operating Lease, Liability	46,729	46,729	$ 58,544
Operating Lease, Impairment Loss	2,475
Workplace Safety
Operating Lease Expense [Line Items]
Operating Lease, Impairment Loss	2,035
ID Solutions
Operating Lease Expense [Line Items]
Operating Lease, Impairment Loss	440
Cost of Sales [Member]
Operating Lease Expense [Line Items]
Operating Lease, Cost	2,074	7,036
Selling, General and Administrative Expenses [Member]
Operating Lease Expense [Line Items]
Operating Lease, Cost	$ 2,145	$ 6,861

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019	Aug. 01, 2019	Jul. 31, 2019	Jul. 31, 2018
Schedule Of Stockholders Equity [Line Items]
Accumulated other comprehensive loss	$ (92,242)		$ (92,242)			$ (71,254)	$ (56,401)
Beginning balance	899,924	$ 803,381	850,774	$ 752,112
Net income	13,633	34,781	84,684	94,645
Other comprehensive loss, net of tax	(19,752)	(7,881)	(20,988)	(12,045)
Issuance of shares of Class A Common Stock under stock plan	(426)	(2,982)	(2,620)	(18,119)
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	1,796	2,506	7,180	10,311
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	(10,542)	(10,473)	(32,197)	(31,291)
Cash dividends on Class B common stock	(770)	(752)	(2,251)	(2,197)
Ending balance	820,602	824,544	820,602	824,544
Treasury Stock, Value, Acquired, Cost Method	(64,113)		(64,113)
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	329,263	328,978	329,969	325,631
Issuance of shares of Class A Common Stock under stock plan	(91)	(1,433)	(6,314)	(6,100)
Tax benefit and withholdings from deferred compensation distributions			133	209
Stock-based compensation expense	1,796	2,506	7,180	10,311
Ending balance	330,968	330,051	330,968	330,051
Retained Earnings
Schedule Of Stockholders Equity [Line Items]
Beginning balance	685,758	588,918	637,843	553,454
Net income	13,633	34,781	84,684	94,645
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	(10,542)	(10,473)	(32,197)	(31,291)
Cash dividends on Class B common stock	(770)	(752)	(2,251)	(2,197)
Ending balance	688,079	612,474	688,079	612,474
Treasury Stock
Schedule Of Stockholders Equity [Line Items]
Beginning balance	(43,155)	(54,498)	(46,332)	(71,120)
Issuance of shares of Class A Common Stock under stock plan	(517)	(4,415)	(3,694)	(24,219)
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation				0
Purchase of shares of Class A Common Stock				(3,182)
Ending balance	(106,751)	(50,083)	(106,751)	(50,083)
Treasury Stock, Value, Acquired, Cost Method	(64,113)		(64,113)
Accumulated Other Comprehensive Loss
Schedule Of Stockholders Equity [Line Items]
Accumulated other comprehensive loss		(68,446)		(68,446)
Beginning balance	(72,490)	(60,565)	(71,254)	(56,401)
Other comprehensive loss, net of tax	(19,752)	(7,881)	(20,988)	(12,045)
Ending balance	$ (92,242)	$ (68,446)	$ (92,242)	$ (68,446)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (71,254)	$ (56,401)
Other comprehensive loss (income) before reclassification	(20,089)	(11,188)
Amounts reclassified from accumulated other comprehensive loss	(899)	(857)
Ending balance	(92,242)
Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	707	863
Other comprehensive loss (income) before reclassification	(1,363)	233
Amounts reclassified from accumulated other comprehensive loss	(584)	(434)
Ending balance	(1,240)	662
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(74,761)	(60,566)
Other comprehensive loss (income) before reclassification	(18,510)	(11,252)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(93,271)	(71,818)
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	(315)	(423)
Ending balance	$ 2,269	2,710
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance		$ (68,446)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss Schedule of Other Comprehensive Income (Loss), Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ 6	$ (38)	$ (24)	$ 0
Pension and other post-retirement benefits	0	0	93	0
Other income tax adjustments and currency translation	(173)	(386)	(127)	(610)
Income tax (expense) benefit related to items of other comprehensive income	$ (179)	$ (348)	$ (10)	$ (610)

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details) - USD ($)	3 Months Ended	9 Months Ended
	Apr. 30, 2020	Apr. 30, 2020	Jul. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 2,771,000	$ 2,771,000	$ 2,782,000
Deferred Revenue, Revenue Recognized	$ 317,000	$ 948,000

Segment Information Net Sales b

Segment Information Net Sales by Segment and Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Net Sales by Segment and Geographic Area
Net sales	$ 265,943	$ 289,745	$ 829,555	$ 865,367
Americas
Net Sales by Segment and Geographic Area
Net sales	152,625	169,335	487,835	502,532
Europe
Net Sales by Segment and Geographic Area
Net sales	78,750	87,356	240,478	258,910
Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	34,568	33,054	101,242	103,925
ID Solutions
Net Sales by Segment and Geographic Area
Net sales	193,169	213,979	613,518	641,283
ID Solutions | Americas
Net Sales by Segment and Geographic Area
Net sales	131,169	143,557	418,440	427,671
ID Solutions | Europe
Net Sales by Segment and Geographic Area
Net sales	41,183	48,984	129,884	145,094
ID Solutions | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	20,817	21,438	65,194	68,518
Workplace Safety
Net Sales by Segment and Geographic Area
Net sales	72,774	75,766	216,037	224,084
Workplace Safety | Americas
Net Sales by Segment and Geographic Area
Net sales	21,456	25,778	69,395	74,861
Workplace Safety | Europe
Net Sales by Segment and Geographic Area
Net sales	37,567	38,372	110,594	113,816
Workplace Safety | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	$ 13,751	$ 11,616	$ 36,048	$ 35,407

Segment Information Segment Pro

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Segment Profit
Segment profit	$ 40,780	$ 45,991	$ 134,490	$ 135,612
Asset Impairment Charges	(13,821)	0	(13,821)	0
ID Solutions
Segment Profit
Segment profit	36,401	39,892	119,499	119,311
Asset Impairment Charges	(2,792)
Workplace Safety
Segment Profit
Segment profit	4,379	$ 6,099	$ 14,991	$ 16,301
Asset Impairment Charges	$ (11,029)

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment profit	$ 40,780	$ 45,991	$ 134,490	$ 135,612
Unallocated amounts:
Administrative costs	(4,290)	(6,370)	(15,865)	(19,339)
Asset Impairment Charges	(13,821)	0	(13,821)	0
Investment and other income	112	2,065	3,252	3,425
Interest expense	(628)	(708)	(1,976)	(2,137)
Income before income taxes	22,153	40,978	106,080	117,561
Asset Impairment Charges	13,821	0	13,821	0
Workplace Safety
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment profit	4,379	6,099	14,991	16,301
Unallocated amounts:
Asset Impairment Charges	(11,029)
Asset Impairment Charges	11,029
ID Solutions
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment profit	36,401	$ 39,892	$ 119,499	$ 119,311
Unallocated amounts:
Asset Impairment Charges	(2,792)
Asset Impairment Charges	$ 2,792

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		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Earnings Per Share [Line Items]
Net income	$ 13,633	$ 34,781	$ 84,684	$ 94,645
Denominator for basic earnings per share for both Class A and Class B	52,607	52,766	53,023	52,499
Plus: Effect of dilutive stock options	365	714	489	716
Denominator for diluted earnings per share for both Class A and Class B	52,972	53,480	53,512	53,215
Class A nonvoting common stock
Earnings Per Share [Line Items]
Net earnings per share, basic	$ 0.26	$ 0.66	$ 1.60	$ 1.80
Net earnings per share, diluted	$ 0.26	$ 0.65	$ 1.58	$ 1.78
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	$ 13,633	$ 34,781	$ 83,846	$ 93,817
Net earnings per share, basic	$ 0.26	$ 0.66	$ 1.58	$ 1.79
Net earnings per share, diluted	$ 0.26	$ 0.65	$ 1.57	$ 1.76

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 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	488,932	269,606	353,752	407,477

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Apr. 30, 2020	Jul. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Current Maturities	$ 48,927	$ 50,166
Long-term Debt, Fair Value	48,988	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	17,172	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	241	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	$ 1,360	$ 5

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019	Jul. 31, 2019
Disclosure Fair Value Measurements Additional Information [Abstract]
Long-term Debt, Fair Value	$ 48,988		$ 48,988		$ 51,566
Asset Impairment Charges	$ 13,821	$ 0	$ 13,821	$ 0

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2020	Jul. 31, 2019
Derivatives, Fair Value [Line Items]
Document Period End Date	Apr. 30, 2020
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 241	$ 474
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	1,360	5
Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	48,929	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	176	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	48,929	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	65	2
Not designated as hedging Instruments [Member] | Cash Flow Hedging [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	1,360	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_4

Derivatives and Hedging Activities - Additional Information (Detail) £ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Jul. 31, 2019USD ($)	Jul. 31, 2018USD ($)	May 13, 2010GBP (£)
Derivatives, Fair Value [Line Items]
Document Period End Date			Apr. 30, 2020
Derivative Maturities			18 months
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ (1,166,000)		$ (1,166,000)		$ (805,000)
Cash Flow Hedge Gain (Loss) Reclassified to Earnings	293,000	$ 292,000	779,000	$ 579,000
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	39,000	$ (6,000)	11,000	$ (49,000)
Accumulated other comprehensive loss	(92,242,000)		(92,242,000)		(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] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive loss	$ 13,700,000		$ 13,700,000		$ 12,440,000

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2020	Jul. 31, 2019
Derivative [Line Items]
Document Period End Date	Apr. 30, 2020
Derivative, Notional Amount	$ 24,240	$ 29,389
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	21,533	26,013
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 2,707	$ 3,376

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		9 Months Ended
	Apr. 30, 2020Rate	Apr. 30, 2019Rate	Apr. 30, 2020Rate	Apr. 30, 2019Rate
Income Taxes [Abstract]
Effective Income Tax Rate Reconciliation, Percent	38.50%	15.10%	20.20%	19.50%

Subsequent Events (Detail)

Subsequent Events (Detail)	May 20, 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		9 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 293	$ 292	$ 779	$ 579
Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain recognized in other comprehensive loss (income)	(1,751)	220	(1,192)	377
Net Investment Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain recognized in other comprehensive loss (income)	$ 707	$ 1,314	$ 1,260	$ 2,336