Brady (BRC) 10-Q 19 Nov 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Oct. 31, 2020	Nov. 17, 2020
Entity Information [Line Items]
Document Type	10-Q
Entity Registrant Name	BRADY CORP
Document Quarterly Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Trading Symbol	BRC
Entity File Number	1-14959
Entity Interactive Data Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Tax Identification Number	39-0178960
Entity Address, Address Line One	6555 West Good Hope Road,
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53223
Entity Incorporation, State or Country Code	WI
City Area Code	Milwaukee,
City Area Code	414
Local Phone Number	358-6600
Document Period End Date	Oct. 31, 2020
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000746598
Current Fiscal Year End Date	--07-31
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,475,600
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	Oct. 31, 2020	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 256,333	$ 217,643
Accounts receivable, net of allowance for credit losses of $7,704 and $7,157, respectively	156,735	146,181
Inventories	120,220	135,662
Prepaid expenses and other current assets	11,489	9,962
Total current assets	544,777	509,448
Assets, Noncurrent [Abstract]
Property, plant and equipment—net	119,960	115,068
Goodwill	412,718	416,034
Other intangible assets	20,910	22,334
Deferred income taxes	8,976	8,845
Operating lease assets	41,013	41,899
Other assets	27,353	28,838
Total	1,175,707	1,142,466
Current liabilities:
Accounts payable	62,907	62,547
Accrued compensation and benefits	55,410	41,546
Taxes, other than income taxes	8,497	8,057
Accrued income taxes	10,707	8,652
Current operating lease liabilities	16,097	15,304
Other current liabilities	51,343	49,782
Total current liabilities	204,961	185,888
Long-term operating lease liabilities	29,951	31,982
Other liabilities	60,394	61,524
Total liabilities	295,306	279,394
Stockholders’ equity:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 48,497,649 and 48,456,954 shares, respectively	513	513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35	35
Additional paid-in capital	332,121	331,761
Retained earnings	726,546	704,456
Treasury stock—2,763,838 and 2,804,533 shares, respectively, of Class A nonvoting common stock, at cost	(109,146)	(107,216)
Accumulated other comprehensive loss	(69,668)	(66,477)
Total stockholders’ equity	880,401	863,072
Total	$ 1,175,707	$ 1,142,466

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current	$ 7,704	$ 7,157
Class A nonvoting common stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,497,649	48,456,954
Treasury stock, shares	2,763,838	2,804,533
Class B Voting Common Stock
Common stock, shares issued	3,538,628	3,538,628
Common stock, shares outstanding	3,538,628	3,538,628

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Net sales	$ 277,227	$ 286,947
Cost of goods sold	141,799	145,542
Gross margin	135,428	141,405
Operating expenses:
Research and development	10,203	10,967
Selling, general and administrative	83,037	89,547
Total operating expenses	93,240	100,514
Operating income	42,188	40,891
Other income (expense):
Investment and other income	155	1,380
Interest expense	(106)	(701)
Income before income taxes and losses of unconsolidated affiliate	42,237	41,570
Income tax expense	8,582	4,072
Income (Loss) From Continuing Operations Before Income (Loss) From Equity Method Investments	33,655	37,498
Income (Loss) from Equity Method Investments	(174)	0
Net income	$ 33,481	$ 37,498
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic (in thousands):	52,021	53,143
Weighted average common shares outstanding, diluted (in thousands):	52,292	53,736
Class A Nonvoting Common Stock
Earnings Per Share
Net income per share, basic	$ 0.64	$ 0.71
Net income per share, diluted	0.64	0.70
Dividends	0.22	0.22
Class B Voting Common Stock
Earnings Per Share
Net income per share, basic	0.63	0.69
Net income per share, diluted	0.62	0.68
Dividends	$ 0.20	$ 0.20

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 33,481	$ 37,498
Foreign currency translation adjustments:
Foreign currency translation adjustments	(4,192)	50
Cash flow hedges:
Reclassification adjustment for losses (gains) included in net income	211	(381)
Total cash flow hedges	908	(185)
Pension and other post-retirement benefits:
Pension and other post-retirement benefits actuarial gain amortization	(106)	(105)
Other comprehensive loss, before tax	(3,390)	(240)
Income tax benefit related to items of other comprehensive loss	199	211
Other comprehensive loss, net of tax	(3,191)	(29)
Comprehensive income	$ 30,290	$ 37,469

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Statement of Cash Flows [Abstract]
Net income	$ 33,481	$ 37,498
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,635	5,634
Stock-based compensation expense	3,574	3,618
Deferred income taxes	(1,175)	1,009
Income (Loss) from Equity Method Investments	174	0
Other Noncash Income (Expense)	(266)	1,533
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	(11,371)	(4,362)
Inventories	14,758	249
Prepaid expenses and other assets	(1,398)	(1,404)
Accounts payable and accrued liabilities	17,363	(5,193)
Income taxes	2,063	266
Net cash provided by operating activities	62,838	38,848
Investing activities:
Purchases of property, plant and equipment	(9,321)	(7,724)
Other	119	527
Net cash used in investing activities	(9,202)	(7,197)
Financing activities:
Payment of dividends	(11,391)	(11,533)
Proceeds from exercise of stock options	160	3,411
Payments for employee taxes withheld from stock-based awards	(2,617)	(7,269)
Purchase of treasury stock	(2,720)	0
Other	17	65
Net cash used in financing activities	(16,551)	(15,326)
Effect of exchange rate changes on cash and cash equivalents	1,605	(304)
Net increase in cash and cash equivalents	38,690	16,021
Cash and cash equivalents, beginning of period	217,643	279,072
Cash and cash equivalents, end of period	$ 256,333	$ 295,093

Basis of Presentation

Basis of Presentation	3 Months Ended
	Oct. 31, 2020
Text Block [Abstract]
Basis of Presentation	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 October 31, 2020 and July 31, 2020, its results of operations and comprehensive income for the three months ended October 31, 2020 and 2019, and cash flows for the three months ended October 31, 2020 and 2019. The condensed consolidated balance sheet as of July 31, 2020, 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, 2020.

Additional Balance Sheet Disclo

Additional Balance Sheet Disclosures (Notes)	3 Months Ended
	Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Balance Sheet Disclosures	Additional Balance Sheet Information Inventories Inventories as of October 31, 2020, and July 31, 2020, consisted of the following: October 31, 2020 July 31, 2020 Finished products $ 74,933 $ 85,547 Work-in-process 20,815 24,044 Raw materials and supplies 24,472 26,071 Total inventories $ 120,220 $ 135,662 Property, plant and equipment

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Oct. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	Other Intangible Assets Other intangible assets as of October 31, 2020, and July 31, 2020, consisted of the following: October 31, 2020 July 31, 2020 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Definite-lived other intangible assets: Customer relationships and tradenames 9 $ 45,346 $ (33,986) $ 11,360 9 $ 45,385 $ (32,670) $ 12,715 Indefinite-lived other intangible assets: Tradenames N/A 9,550 — 9,550 N/A 9,619 — 9,619 Total $ 54,896 $ (33,986) $ 20,910 $ 55,004 $ (32,670) $ 22,334 The change in the gross carrying amount of other intangible assets as of October 31, 2020 compared to July 31, 2020 was due to the effect of currency fluctuations during the three-month period. Amortization expense on intangible assets was $1,351 and $1,291 for the three months ended October 31, 2020 and 2019, respectively. Amortization expense over each of the next five fiscal years is projected to be $5,404, $5,116, and $2,191 for the fiscal years ending July 31, 2021, 2022, and 2023, respectively. No amortization expense for intangible assets is projected after July 31, 2023.

Leases (Notes)

Leases (Notes)	3 Months Ended
	Oct. 31, 2020
Leases [Abstract]
Lessee, Operating Leases	LeasesThe 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 ten years. As of October 31, 2020, the Company did not have any finance leases. Operating lease expense was $4,073 and $5,405 for the three months ended October 31, 2020 and 2019, respectively, which was recognized in either "Cost of goods sold" or "Selling, general and administrative expenses" in the condensed consolidated statements of income, based on the nature of the lease. Short-term lease expense, variable lease expenses, and sublease income was immaterial to the condensed consolidated statements of income for the three months ended October 31, 2020 and 2019. Supplemental cash flow information related to the Company's operating leases for the three months ended October 31, 2020 and 2019 , was as follows: Three months ended October 31, 2020 2019 Operating cash flows from operating leases $ 4,297 $ 4,010 Operating lease assets obtained in exchange for new operating lease liabilities 2,936 9,952

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Notes)	3 Months Ended
	Oct. 31, 2020
Revenue Recognition [Abstract]
Revenue Recognition, Policy [Policy Text Block]	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 solutions 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 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. The balance of contract liabilities associated with service warranty performance obligations was $2,552 and $2,559 as of October 31, 2020 and July 31, 2020, respectively. 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 $297 and $315 during the three months ended October 31, 2020 and 2019, respectively, that was included in the contract liability balance at the beginning of the respective period from the amortization of extended service warranties. Of the contract liability balance outstanding at October 31, 2020, the Company expects to recognize 32% by the end of fiscal 2021, an additional 31% by the end of fiscal 2022, and the remaining balance thereafter.

Stockholders' Equity (Notes)

Stockholders' Equity (Notes)	3 Months Ended
	Oct. 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 October 31, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Balances at July 31, 2020 $ 548 $ 331,761 $ 704,456 $ (107,216) $ (66,477) $ 863,072 Net income — — 33,481 — — 33,481 Other comprehensive loss, net of tax — — — — (3,191) (3,191) Issuance of shares of Class A Common Stock under stock plan — (3,246) — 790 — (2,456) Tax benefit and withholdings from deferred compensation distributions — 32 — — — 32 Stock-based compensation expense — 3,574 — — — 3,574 Repurchase of shares of Class A Common Stock — — — (2,720) — (2,720) Cash dividends on Common Stock: Class A — $0.22 per share — — (10,671) — — (10,671) Class B — $0.20 per share — — (720) — — (720) Balances at October 31, 2020 $ 548 $ 332,121 $ 726,546 $ (109,146) $ (69,668) $ 880,401 The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended October 31, 2019: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Balances at July 31, 2019 $ 548 $ 329,969 $ 637,843 $ (46,332) $ (71,254) $ 850,774 Net income — — 37,498 — — 37,498 Other comprehensive loss, net of tax — — — — (29) (29) Issuance of shares of Class A Common Stock under stock plan — (6,410) — 2,553 — (3,857) Tax benefit and withholdings from deferred compensation distributions — 64 — — — 64 Stock-based compensation expense — 3,618 — — — 3,618 Repurchase of shares of Class A Common Stock — — — — — — Cash dividends on Common Stock: Class A — $0.22 per share — — (10,822) — — (10,822) Class B — $0.20 per share — — (711) — — (711) Balances at October 31, 2019 $ 548 $ 327,241 $ 663,808 $ (43,779) $ (71,283) $ 876,535 Incentive Stock Plans The Company has an incentive stock plan under which the Board of Directors may grant nonqualified stock options to purchase shares of Class A Nonvoting Common Stock, restricted stock units ("RSUs"), or restricted and unrestricted shares of Class A Nonvoting Common Stock to employees and non-employee directors. Certain awards may be subject to pre-established performance goals. The majority of the Company’s annual share-based awards are granted in the first quarter of the fiscal year. Total stock-based compensation expense recognized during the three months ended October 31, 2020 and 2019, was $3,574 ($3,300 net of taxes) and $3,618 ($3,089 net of taxes), respectively. As of October 31, 2020, total unrecognized compensation cost related to share-based awards was $14,460 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 2.2 years. Stock Options The stock options issued under the plan have an exercise price equal to the fair market value of the underlying stock at the date of grant and generally vest ratably over a three-year period, with one-third becoming exercisable one year after the grant date and one-third additional in each of the succeeding two years. Options issued under the plan, referred to herein as “time-based” options, generally expire 10 years from the date of grant. The Company has estimated the fair value of its time-based option awards granted during the three months ended October 31, 2020 and 2019, using the Black-Scholes option valuation model. The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table: Three months ended October 31, Black-Scholes Option Valuation Assumptions 2020 2019 Expected term (in years) 6.21 6.20 Expected volatility 30.71 % 25.85 % Expected dividend yield 2.49 % 2.63 % Risk-free interest rate 0.38 % 1.64 % Weighted-average market value of underlying stock at grant date $ 39.92 $ 54.05 Weighted-average exercise price $ 39.92 $ 54.05 Weighted-average fair value of options granted during the period $ 8.65 $ 10.63 The following is a summary of stock option activity for the three months ended October 31, 2020: Time-Based Options Options Outstanding Weighted Average Exercise Price Weighted Average Aggregate Outstanding at July 31, 2020 1,273,382 $ 37.84 New grants 303,052 39.92 Exercised (22,300) 29.10 Forfeited or expired — — Outstanding at October 31, 2020 1,554,134 $ 38.37 7.2 $ 5,410 Exercisable at October 31, 2020 1,004,641 $ 34.88 6.1 $ 5,410 The total fair value of stock options vested during the three months ended October 31, 2020 and 2019, was $2,371 and $2,537, respectively. The total intrinsic value of stock options exercised during the three months ended October 31, 2020 and 2019, based upon the average market price at the time of exercise during the period, was $373 and $10,225, respectively. The cash received from the exercise of stock options during the three months ended October 31, 2020 and 2019, was $160 and $3,411, respectively. The tax benefit from the exercise of stock options during the three months ended October 31, 2020 and 2019, was $93 and $2,541, respectively. RSUs RSUs issued under the plan have a grant date fair value equal to the fair market value of the underlying stock at the date of grant. Shares issued under the plan are referred to herein as either "time-based" or "performance-based" RSUs. The time-based RSUs issued under the plan generally vest ratably over a three-year period, with one-third vesting one year after the grant date and one-third additional in each of the succeeding two years. The performance-based RSUs granted under the plan vest at the end of a three-year service period provided specified financial performance metrics are met. The following tables summarize the RSU activity for the three months ended October 31, 2020: Time-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2020 154,960 $ 47.39 New grants 75,352 39.92 Vested (63,339) 44.85 Forfeited — — Outstanding at October 31, 2020 166,973 $ 44.98 The time-based RSUs granted during the three months ended October 31, 2019, had a weighted-average grant date fair value of $54.10. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2020 126,060 $ 50.61 New grants (1) 64,634 60.73 Vested (1) (71,413) 33.12 Forfeited — — Outstanding at October 31, 2020 119,281 $ 61.05 (1) Includes 23,805 shares granted and vested during the three months ended October 31, 2020, resulting from the payout of performance-based RSUs granted in fiscal year 2018 due to achievement of performance metrics exceeding the target payout. The performance-based RSUs granted during the three months ended October 31, 2020, had a weighted-average grant-date fair value determined by a third-party valuation involving the use of a Monte Carlo simulation. The performance-based RSUs granted during the three months ended October 31, 2019, had a weighted-average grant date fair value of $75.00.

Other Comprehensive Income Othe

Other Comprehensive Income Other Comprehensive Income (Loss)	3 Months Ended
	Oct. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss) Note	Accumulated Other Comprehensive Loss Other comprehensive loss consists of foreign currency translation adjustments which includes the settlements of 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 three months ended October 31, 2020: Unrealized (loss) gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 701 — (4,185) (3,484) Amounts reclassified from accumulated other comprehensive loss 159 134 — 293 Ending balance, October 31, 2020 $ 660 $ 2,315 $ (72,643) $ (69,668) The increase in accumulated other comprehensive loss as of October 31, 2020, compared to July 31, 2020, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the three-month period. The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2019, were as follows: Unrealized gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2019 $ 707 $ 2,800 $ (74,761) $ (71,254) Other comprehensive income before reclassification 136 — 226 362 Amounts reclassified from accumulated other comprehensive loss (286) (105) — (391) Ending balance, October 31, 2019 $ 557 $ 2,695 $ (74,535) $ (71,283) The increase in the accumulated other comprehensive loss as of October 31, 2019, compared to July 31, 2019, was negligible primarily due to the stability of the U.S. dollar against certain other currencies during the three-month period. Of the amounts reclassified from accumulated other comprehensive loss during the three months ended October 31, 2020 and 2019, unrealized (losses) gains on cash flow hedges were reclassified to "Cost of goods sold" and unamortized gains on post-retirement plans was reclassified into "Investment and other income" on the condensed consolidated statements of income. The following table illustrates the income tax benefit on the components of other comprehensive loss for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Income tax benefit related to items of other comprehensive loss: Cash flow hedges $ (48) $ 35 Pension and other post-retirement benefits 240 — Other income tax adjustments and currency translation 7 176 Income tax benefit related to items of other comprehensive loss $ 199 $ 211

Segment Information

Segment Information	3 Months Ended
	Oct. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment InformationThe Company is organized and managed on a global basis within three operating segments, Identification Solutions ("IDS"), Workplace Safety ("WPS"), and People Identification ("PDC"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The IDS 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 following is a summary of net sales by segment and geographic region for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Net sales: ID Solutions Americas $ 133,267 $ 149,363 Europe 42,582 43,381 Asia 22,343 22,243 Total $ 198,192 $ 214,987 Workplace Safety Americas $ 24,031 $ 24,303 Europe 41,266 36,026 Australia 13,738 11,631 Total $ 79,035 $ 71,960 Total Company Americas $ 157,298 $ 173,666 Europe 83,848 79,407 Asia-Pacific 36,081 33,874 Total $ 277,227 $ 286,947 The following is a summary of segment profit for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Segment profit: ID Solutions $ 40,279 $ 42,443 Workplace Safety 7,988 5,157 Total Company $ 48,267 $ 47,600 The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Total profit from reportable segments $ 48,267 $ 47,600 Unallocated amounts: Administrative costs (6,079) (6,709) Investment and other income 155 1,380 Interest expense (106) (701) Income before income taxes and losses of unconsolidated affiliate $ 42,237 $ 41,570

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Oct. 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 October 31, 2020 2019 Numerator (in thousands): Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 33,481 $ 37,498 Less: Preferential dividends (808) (828) Preferential dividends on dilutive stock options (4) (10) Numerator for basic and diluted income per Class B Voting Common Share $ 32,669 $ 36,660 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 52,021 53,143 Plus: Effect of dilutive equity awards 271 593 Denominator for diluted income per share for both Class A and Class B 52,292 53,736 Net income per Class A Nonvoting Common Share: Basic $ 0.64 $ 0.71 Diluted $ 0.64 $ 0.70 Net income per Class B Voting Common Share: Basic $ 0.63 $ 0.69 Diluted $ 0.62 $ 0.68

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [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 October 31, 2020 and July 31, 2020: October 31, 2020 July 31, 2020 Fair Value Hierarchy Assets: Trading securities $ 17,434 $ 18,606 Level 1 Foreign exchange contracts 1,017 594 Level 2 Liabilities: Foreign exchange contracts 449 777 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. The fair values of cash and cash equivalents, accounts receivable, accounts payable, and other liabilities approximated carrying values due to their short-term nature.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Oct. 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 on 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. Main foreign currency 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: October 31, 2020 July 31, 2020 Designated as cash flow hedges $ 19,247 $ 24,600 Non-designated hedges 3,242 3,107 Total foreign exchange contracts $ 22,489 $ 27,707 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 October 31, 2020 and July 31, 2020, unrealized gains of $523 and losses of $385 have been included in OCI, respectively. The following table summarizes the amount of pre-tax gains and losses related to foreign exchange contracts designated as cash flow hedging instruments: Three months ended October 31, 2020 2019 Gains recognized in OCI $ 697 $ 196 (Losses) gains reclassified from OCI into cost of goods sold (211) 381 Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: October 31, 2020 July 31, 2020 Prepaid expenses and Other current liabilities Prepaid expenses and Other current liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 1,017 $ (434) $ 588 $ 761 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — (15) 6 16 Total derivative instruments $ 1,017 $ (449) $ 594 $ 777

Income Taxes

Income Taxes	3 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income TaxesThe effective income tax rate for the three months ended October 31, 2020 and 2019 was 20.3% and 9.8%, 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 three months ended October 31, 2019 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.

Subsequent Events

Subsequent Events	3 Months Ended
	Oct. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn November 17, 2020, the Board of Directors declared a quarterly cash dividend to shareholders of the Company’s Class A and Class B Common Stock of $0.22 per share payable on January 29, 2021, to shareholders of record at the close of business on January 8, 2020.

Accounting Changes and Error Co

Accounting Changes and Error Corrections (Policies)	3 Months Ended
	Oct. 31, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements, Policy	New Accounting Pronouncements Adopted Standards 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. Prior guidance required the recognition of credit losses based on an incurred loss impairment methodology that reflected losses once the losses were probable. Under ASU 2016-13, the Company is required to use a current expected credit loss model ("CECL") that immediately recognizes 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. The guidance is effective for interim periods in fiscal years beginning after December 15, 2019. The Company adopted ASU 2016-13 effective August 1, 2020, which did not have a material impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Goodwill and Other, Simplifying the Test for Goodwill Impairment." The new guidance removes Step 2 of the goodwill impairment test, which required a hypothetical purchase price allocation. A goodwill impairment is now 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 remains largely unchanged. The guidance is effective for interim periods in fiscal years beginning after December 15, 2019. The Company adopted ASC 2017-04 effective August 1, 2020. This guidance only impacts the Company's consolidated financial statements if there is a future impairment of goodwill. Standards not yet adopted In December 2019, the FASB issued ASU 2019-12, "Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)." 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 Dec ember 15, 2020, and interim periods thereafter. 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 Disc_2

Additional Balance Sheet Disclosures (Tables)	3 Months Ended
	Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories as of October 31, 2020, and July 31, 2020, consisted of the following: October 31, 2020 July 31, 2020 Finished products $ 74,933 $ 85,547 Work-in-process 20,815 24,044 Raw materials and supplies 24,472 26,071 Total inventories $ 120,220 $ 135,662

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Oct. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets as of October 31, 2020, and July 31, 2020, consisted of the following: October 31, 2020 July 31, 2020 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Definite-lived other intangible assets: Customer relationships and tradenames 9 $ 45,346 $ (33,986) $ 11,360 9 $ 45,385 $ (32,670) $ 12,715 Indefinite-lived other intangible assets: Tradenames N/A 9,550 — 9,550 N/A 9,619 — 9,619 Total $ 54,896 $ (33,986) $ 20,910 $ 55,004 $ (32,670) $ 22,334

Leases (Tables)

Leases (Tables)	3 Months Ended
	Oct. 31, 2020
Leases [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Text Block]	Supplemental cash flow information related to the Company's operating leases for the three months ended October 31, 2020 and 2019 , was as follows: Three months ended October 31, 2020 2019 Operating cash flows from operating leases $ 4,297 $ 4,010 Operating lease assets obtained in exchange for new operating lease liabilities 2,936 9,952

Revenue Recognition Remaining P

Revenue Recognition Remaining Performance Obligation (Tables)	3 Months Ended
	Oct. 31, 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 October 31, 2020, the Company expects to recognize 32% by the end of fiscal 2021, an additional 31% by the end of fiscal 2022, and the remaining balance thereafter.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Oct. 31, 2020	Oct. 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 October 31, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Balances at July 31, 2020 $ 548 $ 331,761 $ 704,456 $ (107,216) $ (66,477) $ 863,072 Net income — — 33,481 — — 33,481 Other comprehensive loss, net of tax — — — — (3,191) (3,191) Issuance of shares of Class A Common Stock under stock plan — (3,246) — 790 — (2,456) Tax benefit and withholdings from deferred compensation distributions — 32 — — — 32 Stock-based compensation expense — 3,574 — — — 3,574 Repurchase of shares of Class A Common Stock — — — (2,720) — (2,720) Cash dividends on Common Stock: Class A — $0.22 per share — — (10,671) — — (10,671) Class B — $0.20 per share — — (720) — — (720) Balances at October 31, 2020 $ 548 $ 332,121 $ 726,546 $ (109,146) $ (69,668) $ 880,401	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended October 31, 2019: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Balances at July 31, 2019 $ 548 $ 329,969 $ 637,843 $ (46,332) $ (71,254) $ 850,774 Net income — — 37,498 — — 37,498 Other comprehensive loss, net of tax — — — — (29) (29) Issuance of shares of Class A Common Stock under stock plan — (6,410) — 2,553 — (3,857) Tax benefit and withholdings from deferred compensation distributions — 64 — — — 64 Stock-based compensation expense — 3,618 — — — 3,618 Repurchase of shares of Class A Common Stock — — — — — — Cash dividends on Common Stock: Class A — $0.22 per share — — (10,822) — — (10,822) Class B — $0.20 per share — — (711) — — (711) Balances at October 31, 2019 $ 548 $ 327,241 $ 663,808 $ (43,779) $ (71,283) $ 876,535

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Oct. 31, 2020
Share-based Payment Arrangement, Disclosure [Abstract]
Black-Scholes Option Valuation Assumptions	The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table: Three months ended October 31, Black-Scholes Option Valuation Assumptions 2020 2019 Expected term (in years) 6.21 6.20 Expected volatility 30.71 % 25.85 % Expected dividend yield 2.49 % 2.63 % Risk-free interest rate 0.38 % 1.64 % Weighted-average market value of underlying stock at grant date $ 39.92 $ 54.05 Weighted-average exercise price $ 39.92 $ 54.05 Weighted-average fair value of options granted during the period $ 8.65 $ 10.63
Summary of Stock Option Activity	The following is a summary of stock option activity for the three months ended October 31, 2020: Time-Based Options Options Outstanding Weighted Average Exercise Price Weighted Average Aggregate Outstanding at July 31, 2020 1,273,382 $ 37.84 New grants 303,052 39.92 Exercised (22,300) 29.10 Forfeited or expired — — Outstanding at October 31, 2020 1,554,134 $ 38.37 7.2 $ 5,410 Exercisable at October 31, 2020 1,004,641 $ 34.88 6.1 $ 5,410
Summary of RSU Activity	The following tables summarize the RSU activity for the three months ended October 31, 2020: Time-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2020 154,960 $ 47.39 New grants 75,352 39.92 Vested (63,339) 44.85 Forfeited — — Outstanding at October 31, 2020 166,973 $ 44.98
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2020 126,060 $ 50.61 New grants (1) 64,634 60.73 Vested (1) (71,413) 33.12 Forfeited — — Outstanding at October 31, 2020 119,281 $ 61.05 (1) Includes 23,805 shares granted and vested during the three months ended October 31, 2020, resulting from the payout of performance-based RSUs granted in fiscal year 2018 due to achievement of performance metrics exceeding the target payout.

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of 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 three months ended October 31, 2020: Unrealized (loss) gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 701 — (4,185) (3,484) Amounts reclassified from accumulated other comprehensive loss 159 134 — 293 Ending balance, October 31, 2020 $ 660 $ 2,315 $ (72,643) $ (69,668)	The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2019, were as follows: Unrealized gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2019 $ 707 $ 2,800 $ (74,761) $ (71,254) Other comprehensive income before reclassification 136 — 226 362 Amounts reclassified from accumulated other comprehensive loss (286) (105) — (391) Ending balance, October 31, 2019 $ 557 $ 2,695 $ (74,535) $ (71,283)
Other Comprehensive Income , Tax	The following table illustrates the income tax benefit on the components of other comprehensive loss for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Income tax benefit related to items of other comprehensive loss: Cash flow hedges $ (48) $ 35 Pension and other post-retirement benefits 240 — Other income tax adjustments and currency translation 7 176 Income tax benefit related to items of other comprehensive loss $ 199 $ 211

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Oct. 31, 2020
Segment Reporting [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	The following is a summary of net sales by segment and geographic region for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Net sales: ID Solutions Americas $ 133,267 $ 149,363 Europe 42,582 43,381 Asia 22,343 22,243 Total $ 198,192 $ 214,987 Workplace Safety Americas $ 24,031 $ 24,303 Europe 41,266 36,026 Australia 13,738 11,631 Total $ 79,035 $ 71,960 Total Company Americas $ 157,298 $ 173,666 Europe 83,848 79,407 Asia-Pacific 36,081 33,874 Total $ 277,227 $ 286,947
Schedule of Segment Reporting Information by Segment	The following is a summary of segment profit for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Segment profit: ID Solutions $ 40,279 $ 42,443 Workplace Safety 7,988 5,157 Total Company $ 48,267 $ 47,600
Reconciliation of Segment Profit	The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three months ended October 31, 2020 and 2019: Three months ended October 31, 2020 2019 Total profit from reportable segments $ 48,267 $ 47,600 Unallocated amounts: Administrative costs (6,079) (6,709) Investment and other income 155 1,380 Interest expense (106) (701) Income before income taxes and losses of unconsolidated affiliate $ 42,237 $ 41,570

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Oct. 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 October 31, 2020 2019 Numerator (in thousands): Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 33,481 $ 37,498 Less: Preferential dividends (808) (828) Preferential dividends on dilutive stock options (4) (10) Numerator for basic and diluted income per Class B Voting Common Share $ 32,669 $ 36,660 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 52,021 53,143 Plus: Effect of dilutive equity awards 271 593 Denominator for diluted income per share for both Class A and Class B 52,292 53,736 Net income per Class A Nonvoting Common Share: Basic $ 0.64 $ 0.71 Diluted $ 0.64 $ 0.70 Net income per Class B Voting Common Share: Basic $ 0.63 $ 0.69 Diluted $ 0.62 $ 0.68

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [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 October 31, 2020 and July 31, 2020: October 31, 2020 July 31, 2020 Fair Value Hierarchy Assets: Trading securities $ 17,434 $ 18,606 Level 1 Foreign exchange contracts 1,017 594 Level 2 Liabilities: Foreign exchange contracts 449 777 Level 2

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Oct. 31, 2020	Jul. 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 foreign exchange contracts designated as cash flow hedging instruments: Three months ended October 31, 2020 2019 Gains recognized in OCI $ 697 $ 196 (Losses) gains reclassified from OCI into cost of goods sold (211) 381
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows: October 31, 2020 July 31, 2020 Designated as cash flow hedges $ 19,247 $ 24,600 Non-designated hedges 3,242 3,107 Total foreign exchange contracts $ 22,489 $ 27,707
Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: October 31, 2020 July 31, 2020 Prepaid expenses and Other current liabilities Prepaid expenses and Other current liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 1,017 $ (434) $ 588 $ 761 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — (15) 6 16 Total derivative instruments $ 1,017 $ (449) $ 594 $ 777

Additional Balance Sheet Disc_3

Additional Balance Sheet Disclosures (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ (269,510)	$ (276,248)
Inventory, Finished Goods, Net of Reserves	74,933	85,547
Inventory, Work in Process, Net of Reserves	20,815	24,044
Inventory, Raw Materials, Net of Reserves	24,472	26,071
Inventories	$ 120,220	$ 135,662

Other Intangible Assets (Detail

Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Jul. 31, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	$ 1,351	$ 1,291
Intangible Assets, Amortization Expense, Next Twelve Months	5,404
Intangible Assets, Amortization Expense, Year Two	5,116
Intangible Assets, Amortization Expense, Year Three	$ 2,191
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years		9 years
Intangible Assets, Gross (Excluding Goodwill)	$ 54,896			$ 55,004
Finite-Lived Intangible Assets, Gross	45,346			45,385
Accumulated Amortization	(33,986)			(32,670)
Finite-Lived Intangible Assets, Net	11,360			12,715
Net Book Value	20,910			22,334
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 9,550			$ 9,619

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Leases [Abstract]
Operating Lease, Payments	$ 4,297	$ 4,010
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	2,936	9,952
Operating Lease, Cost	$ 4,073	$ 5,405

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Details) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020
Revenue Recognition [Abstract]
Contract with Customer, Liability	$ 2,552,000		$ 2,559,000
Deferred Revenue, Revenue Recognized	$ 297,000	$ 315,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Schedule Of Stockholders Equity [Line Items]
Additional paid-in capital	$ 332,121		$ 331,761
Retained earnings	726,546		704,456
Treasury Stock, Value	109,146		107,216
Accumulated other comprehensive loss	(69,668)		(66,477)	$ (71,254)
Stockholders' Equity Attributable to Parent	880,401	$ 876,535	863,072	850,774
Net income	33,481	37,498
Other Comprehensive Income (Loss), Net of Tax	(3,191)	(29)
Stock Issued During Period, Value, Stock Options Exercised	(2,456)	(3,857)
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	32	64
Share-based Payment Arrangement, Noncash Expense	3,574	3,618
Treasury Stock, Value, Acquired, Cost Method		0
Stock Repurchased During Period, Value	(2,720)
Payment of Ordinary Dividends, Common Stock Class A	(10,671)	(10,822)
Payment of Ordinary Dividends, Common Stock Class B	(720)	(711)
Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Value, Issued	548	548	548	548
Additional Paid-in Capital [Member]
Schedule Of Stockholders Equity [Line Items]
Additional paid-in capital	332,121	327,241	331,761	329,969
Stock Issued During Period, Value, Stock Options Exercised	(3,246)	(6,410)
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	32	64
Share-based Payment Arrangement, Noncash Expense	3,574	3,618
Retained Earnings [Member]
Schedule Of Stockholders Equity [Line Items]
Retained earnings	726,546	663,808	704,456	637,843
Net income		37,498
Payment of Ordinary Dividends, Common Stock Class A	(10,671)	(10,822)
Payment of Ordinary Dividends, Common Stock Class B	(720)	(711)
Treasury Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Treasury Stock, Value	(109,146)	(43,779)	(107,216)	$ (46,332)
Stock Issued During Period, Value, Stock Options Exercised	(790)	(2,553)
Treasury Stock, Value, Acquired, Cost Method		0
Stock Repurchased During Period, Value	2,720
AOCI Attributable to Parent [Member]
Schedule Of Stockholders Equity [Line Items]
Accumulated other comprehensive loss	(69,668)	(71,283)	$ (66,477)
Other Comprehensive Income (Loss), Net of Tax	$ (3,191)	$ (29)

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Assumptions (Detail) - $ / shares	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected term (in years)	6 years 2 months 15 days	6 years 2 months 12 days
Expected volatility	30.71%	25.85%
Expected dividend yield	2.49%	2.63%
Risk-free interest rate	0.38%	1.64%
Options, Grants in Period, Weighted Average Exercise Price	$ 39.92	$ 54.05
Weighted-average fair value of options granted during the period	$ 8.65	$ 10.63

Stock-Based Compensation Servic

Stock-Based Compensation Service-Based Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Service-Based Stock Options [Abstract]
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options	$ 93	$ 2,541
Fair value of options vested	$ 2,371	$ 2,537
Options Outstanding at July 31, 2020	1,273,382
Options, Grants in Period	303,052
Options, Grants in Period, Weighted Average Exercise Price	$ 39.92	$ 54.05
Options, Exercised in Period	(22,300)
Options, Exercises in Period, Weighted Average Exercise Price	$ 29.10
Options Forfeited in Period, Number of Shares	0
Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 0
Options Outstanding, Weighted Average Exercise Price	$ 37.84
Options, Outstanding, Intrinsic Value	$ 5,410
Options Outstanding, Weighted Average Remaining Contractual Term	7 years 2 months 12 days
Options Outstanding at October 31, 2020	1,554,134
Options Outstanding, Weighted Average Exercise Price	$ 38.37
Options Exercisable	1,004,641
Options Exercisable, Weighted Average Exercise Price	$ 34.88
Options Exercisable, Weighted Average Remaining Contractual Term	6 years 1 month 6 days
Options, Exercises in Period, Intrinsic Value	$ 373	$ 10,225
Options, Exercisable, Intrinsic Value	$ 5,410

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity under Company's Share-Based Compensation Plans (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Service Based Restricted Shares and Restricted Stock Units [Line Items]
Time-Based RSUs, Vested in Period, Fair Value	$ 5,844	$ 8,708
Performance Based Restricted Shares and Restricted Stock Units [Member] [Member]
Service Based Restricted Shares and Restricted Stock Units [Line Items]
Outstanding at July 31, 2020	126,060
Outstanding at July 31, 2020, Weighted Average Grant Date Fair Value	$ 50.61
Service-Based RSUs, Grants in Period	64,634
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 60.73
Service-Based RSUs, Vested in Period	(71,413)
Service-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value	$ 33.12
Service-Based RSUs, Forfeited in Period	0
Service-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value	$ 0
Outstanding at October 31, 2020	119,281
Outstanding at October 31, 2020, Weighted Average Grant Date Fair Value	$ 61.05
Service Based Restricted Shares and Restricted Stock Units [Member]
Service Based Restricted Shares and Restricted Stock Units [Line Items]
Outstanding at July 31, 2020	154,960
Outstanding at July 31, 2020, Weighted Average Grant Date Fair Value	$ 47.39
Service-Based RSUs, Grants in Period	75,352
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 39.92
Service-Based RSUs, Vested in Period	(63,339)
Service-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value	$ 44.85
Service-Based RSUs, Forfeited in Period	0
Service-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value	$ 0
Outstanding at October 31, 2020	166,973
Outstanding at October 31, 2020, Weighted Average Grant Date Fair Value	$ 44.98

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options	$ 160	$ 3,411
Stock-Based Compensation Expense
Share-based compensation expense	3,574	3,618
Share-based compensation expense, net of tax	3,300	3,089
Unrealized compensation cost related to share-based compensation, pre tax	$ 14,460
Weighted average period remaining	2 years 2 months 12 days
Stock Options, Additional Disclosures
Fair value of options vested	$ 2,371	2,537
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options	93	2,541
Service-Based RSUs, Additional Disclosures
Time-Based RSUs, Vested in Period, Fair Value	5,844	8,708
Options, Exercises in Period, Intrinsic Value	$ 373	$ 10,225
Service Based Restricted Shares and Restricted Stock Units [Member]
Service-Based RSUs, Additional Disclosures
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 39.92

Stock-Based Compensation Perfor

Stock-Based Compensation Performance Based Restricted Shares and Restricted Stock Units (Details)	3 Months Ended
	Oct. 31, 2020$ / sharesshares
Service Based Restricted Shares and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at July 31, 2020 | shares	154,960
Outstanding at July 31, 2020, Weighted Average Grant Date Fair Value | $ / shares	$ 47.39
Performance-Based RSUs, Grants in Period | shares	75,352
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 39.92
Performance-Based RSUs, Vested in Period | shares	(63,339)
Performance-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 44.85
Performance-Based RSUs, Forfeited in Period | shares	0
Performance-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 0
Outstanding at October 31, 2020 | shares	166,973
Outstanding at October 31, 2020, Weighted Average Grant Date Fair Value | $ / shares	$ 44.98
Performance Based Restricted Shares and Restricted Stock Units [Member] [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at July 31, 2020 | shares	126,060
Outstanding at July 31, 2020, Weighted Average Grant Date Fair Value | $ / shares	$ 50.61
Performance-Based RSUs, Grants in Period | shares	64,634
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 60.73
Performance-Based RSUs, Vested in Period | shares	(71,413)
Performance-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 33.12
Performance-Based RSUs, Forfeited in Period | shares	0
Performance-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 0
Outstanding at October 31, 2020 | shares	119,281
Outstanding at October 31, 2020, Weighted Average Grant Date Fair Value | $ / shares	$ 61.05

Other Comprehensive Income Sche

Other Comprehensive Income Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (66,477)	$ (71,254)
Other comprehensive income before reclassification	(3,484)	362
Amounts reclassified from accumulated other comprehensive loss	(293)	391
Ending balance	(69,668)
Unrealized (loss) gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(200)	707
Other comprehensive income before reclassification	701	136
Amounts reclassified from accumulated other comprehensive loss	(159)	286
Ending balance	660	557
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(68,458)	(74,761)
Other comprehensive income before reclassification	(4,185)	226
Ending balance	(72,643)	(74,535)
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,181	2,800
Amounts reclassified from accumulated other comprehensive loss	(134)	105
Ending balance	$ 2,315	$ 2,695

Other Comprehensive Income Sc_2

Other Comprehensive Income Schedule of Other Comprehensive Income, Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ (48)	$ 35
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect	240
Other Comprehensive Income Tax Other Adjustments	7	176
Other Comprehensive Income (Loss), Tax	$ 199	$ 211

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 277,227	$ 286,947
Segment Profit	48,267	47,600
ID Solutions
Segment Reporting Information [Line Items]
Net sales	198,192	214,987
Segment Profit	40,279	42,443
Workplace Safety
Segment Reporting Information [Line Items]
Net sales	79,035	71,960
Segment Profit	7,988	5,157
Americas
Segment Reporting Information [Line Items]
Net sales	157,298	173,666
Americas | ID Solutions
Segment Reporting Information [Line Items]
Net sales	133,267	149,363
Americas | Workplace Safety
Segment Reporting Information [Line Items]
Net sales	24,031	24,303
Europe
Segment Reporting Information [Line Items]
Net sales	83,848	79,407
Europe | ID Solutions
Segment Reporting Information [Line Items]
Net sales	42,582	43,381
Europe | Workplace Safety
Segment Reporting Information [Line Items]
Net sales	41,266	36,026
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	36,081	33,874
Asia-Pacific | ID Solutions
Segment Reporting Information [Line Items]
Net sales	22,343	22,243
Asia-Pacific | Workplace Safety
Segment Reporting Information [Line Items]
Net sales	$ 13,738	$ 11,631

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Segment Reconciliation [Abstract]
Total profit from reportable segments	$ 48,267	$ 47,600
Unallocated amounts:
Administrative costs	(6,079)	(6,709)
Investment and other income	155	1,380
Interest expense	(106)	(701)
Income before income taxes and losses of unconsolidated affiliate	$ 42,237	$ 41,570

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
	Oct. 31, 2020	Oct. 31, 2019
Earnings Per Share [Line Items]
Net income	$ 33,481	$ 37,498
Denominator for basic income per share for both Class A and Class B	52,021	53,143
Plus: Effect of dilutive equity awards	271	593
Denominator for diluted income per share for both Class A and Class B	52,292	53,736
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Net income per share, basic	$ 0.64	$ 0.71
Net income per share, diluted	$ 0.64	$ 0.70
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ (808)	$ (828)
Preferential dividends on dilutive stock options	(4)	(10)
Net income	$ 32,669	$ 36,660
Net income per share, basic	$ 0.63	$ 0.69
Net income per share, diluted	$ 0.62	$ 0.68

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Earnings Per Share [Abstract]
Common stock of Class A shares excluded from computations of diluted net income per share	740,745	323,719

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	$ 17,434	$ 18,606
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	1,017	594
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	$ 449	$ 777

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive loss	$ (69,668)		$ (66,477)	$ (71,254)
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	(211)	$ 381
Prepaid expenses and other current assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Assets	1,017		594
Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Liabilities	(449)		777
Unrealized (loss) gain on cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Net gain recognized in other comprehensive loss	697	$ 196
Unrealized (loss) gain on cash flow hedges | Designated as hedging instruments [Member] | Prepaid expenses and other current assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Assets	1,017		588
Unrealized (loss) gain on cash flow hedges | Designated as hedging instruments [Member] | Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Liabilities	$ (434)		$ 761

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($)	3 Months Ended
	Oct. 31, 2020	Jul. 31, 2020	Oct. 31, 2019
Summary
Derivative maturity	18 months
Summary of Cash Flow Hedge Activity
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (523)	$ 385
Cash Flow Hedge Gain (Loss) Reclassified from OCI to Earnings	211,000		$ (381,000)
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	1,017,000	594,000
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives Liabilities	(449,000)	777,000
Unrealized (loss) gain on cash flow hedges | Designated as hedging instruments [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	1,017,000	588,000
Unrealized (loss) gain on cash flow hedges | Designated as hedging instruments [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives Liabilities	(434,000)	761,000
Unrealized (loss) gain on cash flow hedges | Not designated as hedging Instruments [Member | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	0	6,000
Unrealized (loss) gain on cash flow hedges | Not designated as hedging Instruments [Member | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives Liabilities	$ (15,000)	$ 16,000

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities Notional Amount of Derivative Contracts (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Jul. 31, 2020
Derivative [Line Items]
Derivative, Notional Amount	$ 22,489	$ 27,707
Designated as hedging instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	19,247	24,600
Not designated as hedging Instruments [Member
Derivative [Line Items]
Derivative, Notional Amount	$ 3,242	$ 3,107

Income Taxes Effective Income T

Income Taxes Effective Income Tax Rate (Details)	3 Months Ended
	Oct. 31, 2020Rate	Oct. 31, 2019Rate
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	20.30%	9.80%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Nov. 17, 2020$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 0.22