Brady (BRC) 10-Q 18 Feb 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jan. 31, 2021	Feb. 16, 2021
Entity Information [Line Items]
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Entity Address, Address Line One	6555 West Good Hope Road
Entity Incorporation, State or Country Code	WI
Document Transition Report	false
Document Quarterly Report	true
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2021
Entity File Number	1-14959
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Trading Symbol	BRC
Entity Registrant Name	BRADY CORP
Entity Central Index Key	0000746598
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Tax Identification Number	39-0178960
Entity Address, City or Town	Milwaukee,
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53223
Security Exchange Name	NYSE
City Area Code	414
Local Phone Number	358-6600
Entity Current Reporting Status	Yes
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,486,758
Common Class B [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2021	Jul. 31, 2020
Assets, Current [Abstract]
Cash and cash equivalents	$ 277,588	$ 217,643
Accounts Receivable, Allowance for Credit Loss, Current	7,450	7,157
Accounts receivable, net of allowances for credit losses of $7,450 and $7,157, respectively	154,052	146,181
Inventories	122,922	135,662
Prepaid expenses and other current assets	12,774	9,962
Total current assets	567,336	509,448
Property, plant and equipment—net	122,088	115,068
Goodwill	420,726	416,034
Net Book Value	19,809	22,334
Deferred income taxes	8,261	8,845
Operating lease assets	38,849	41,899
Other assets	30,813	28,838
Total	1,207,882	1,142,466
Current liabilities:
Accounts payable	67,483	62,547
Accrued compensation and benefits	52,098	41,546
Taxes, other than income taxes	8,518	8,057
Accrued income taxes	9,393	8,652
Current operating lease liabilities	16,534	15,304
Other current liabilities	47,518	49,782
Total current liabilities	201,544	185,888
Current operating lease liabilities	27,134	31,982
Other liabilities	59,869	61,524
Total liabilities	288,547	279,394
Stockholders’ equity:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 48,486,758 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	334,077	331,761
Retained earnings	745,960	704,456
Treasury stock—2,774,729 and 2,804,533 shares, respectively, of Class A nonvoting common stock, at cost	(109,789)	(107,216)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(51,461)	(66,477)
Total stockholders’ equity	919,335	863,072
Total	$ 1,207,882	$ 1,142,466
Class A nonvoting common stock
Stockholders’ equity:
Common stock, shares outstanding	48,486,758	48,456,954
Treasury stock, shares	2,774,729	2,804,533
Common Class B [Member]
Stockholders’ equity:
Common stock, shares outstanding	3,538,628	3,538,628

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2021	Jul. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current	$ 7,450	$ 7,157
Class A nonvoting common stock
Common stock, shares outstanding	48,486,758	48,456,954
Treasury stock, shares	2,774,729	2,804,533
Common stock, shares issued	51,261,487	51,261,487
Common Class B [Member]
Common stock, shares outstanding	3,538,628	3,538,628
Common stock, shares issued	3,538,628	3,538,628

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Cost of goods sold	$ 136,316	$ 137,538	$ 278,115	$ 283,080
Gross margin	129,522	139,127	264,950	280,532
Operating expenses:
Research and development	9,876	10,517	20,079	21,484
Selling, general and administrative	82,234	87,366	165,271	176,913
Total operating expenses	92,110	97,883	185,350	198,397
Operating income	37,412	41,244	79,600	82,135
Other income (expense):
Investment and other income	2,036	1,760	2,191	3,140
Interest expense	(51)	(647)	(157)	(1,348)
Income before income taxes and losses of unconsolidated affiliate	39,397	42,357	81,634	83,927
Income tax expense	8,206	8,804	16,788	12,876
Income before losses of unconsolidated affiliate	31,191	33,553	64,846	71,051
Equity in losses of unconsolidated affiliate	(331)	0	(505)	0
Net income	$ 30,860	$ 33,553	$ 64,341	$ 71,051
Weighted average common shares outstanding:
Basic	52,018	53,320	52,020	53,232
Diluted	52,282	53,827	52,288	53,781
Revenue from Contract with Customer, Excluding Assessed Tax	$ 265,838	$ 276,665	$ 543,065	$ 563,612
Class A nonvoting common stock
Earnings Per Share
Net earnings per share, basic	$ 0.59	$ 0.63	$ 1.24	$ 1.33
Net earnings per share, diluted	0.59	0.62	1.23	1.32
Dividends	0.22	0.22	0.44	0.44
Common Class B [Member]
Earnings Per Share
Net earnings per share, basic	0.59	0.63	1.22	1.32
Net earnings per share, diluted	0.59	0.62	1.21	1.31
Dividends	$ 0.22	$ 0.22	$ 0.42	$ 0.42

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 30,860	$ 33,553	$ 64,341	$ 71,051
Foreign currency translation adjustments	19,074	(1,009)	14,882	(959)
Cash flow hedges:
Net gain recognized in other comprehensive income (loss)	451	363	1,148	559
Reclassification adjustment for losses (gains) included in net income	60	(105)	271	(486)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax, Total	511	258	1,419	73
Pension and other post-retirement benefits:
Net loss recognized in other comprehensive income (loss)	(32)	(309)	(32)	(309)
Net actuarial gain amortization	(95)	(105)	(201)	(210)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	(127)	(414)	(233)	(519)
Other comprehensive income (loss), before tax	19,458	(1,165)	16,068	(1,405)
Income tax (expense) benefit related to items of other comprehensive income	(1,251)	(42)	(1,052)	169
Other comprehensive income (loss), net of tax	18,207	(1,207)	15,016	(1,236)
Comprehensive Income [Member]
Pension and other post-retirement benefits:
Comprehensive income	$ 49,067	$ 32,346	$ 79,357	$ 69,815

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income	$ 64,341	$ 71,051
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and amortization	11,421	11,672
Stock-based compensation expense	5,471	5,384
Deferred income taxes	(3,866)	1,272
Equity in losses of unconsolidated affiliate	505	0
Other	121	1,664
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	(4,157)	6,209
Inventories	15,018	(1,311)
Prepaid expenses and other assets	(2,436)	(2,621)
Accounts payable and accrued liabilities	11,990	(39,777)
Income taxes	481	(436)
Net cash provided by operating activities	98,889	53,107
Investing activities:
Purchases of property, plant and equipment	(14,511)	(13,100)
Other	(1,881)	(3,406)
Net cash used in investing activities	(16,392)	(16,506)
Financing activities:
Payment of dividends	(22,837)	(23,136)
Proceeds from Stock Options Exercised	471	4,686
Payments for employee taxes withheld from stock-based awards	(2,638)	(7,733)
Purchase of treasury stock	(3,593)	0
Other	(231)	134
Net cash used in financing activities	(28,828)	(26,049)
Effect of exchange rate changes on cash	6,276	179
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	59,945	10,731
Cash and cash equivalents, beginning of period	217,643	279,072
Cash and cash equivalents, end of period	$ 277,588	$ 289,803

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jan. 31, 2021
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 January 31, 2021 and July 31, 2020, its results of operations and comprehensive income for the three and six months ended January 31, 2021 and 2020, and cash flows for the six months ended January 31, 2021 and 2020. 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.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	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 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 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. 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

Additional Balance Sheet Inform

Additional Balance Sheet Information	6 Months Ended
	Jan. 31, 2021
Additional Balance Sheet Information [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	Additional Balance Sheet Information Inventories Inventories as of January 31, 2021, and July 31, 2020, consisted of the following: January 31, 2021 July 31, 2020 Finished products $ 79,100 $ 85,547 Work-in-process 19,262 24,044 Raw materials and supplies 24,560 26,071 Total inventories $ 122,922 $ 135,662 Property, plant and equipment

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other	6 Months Ended
	Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure	Other Intangible Assets Other intangible assets as of January 31, 2021 and July 31, 2020, consisted of the following: January 31, 2021 July 31, 2020 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Definite-lived other intangible assets: Customer relationships and tradenames 9 $ 45,498 $ (35,431) $ 10,067 9 $ 45,385 $ (32,670) $ 12,715 Indefinite-lived other intangible assets: Tradenames N/A 9,742 — 9,742 N/A 9,619 — 9,619 Total $ 55,240 $ (35,431) $ 19,809 $ 55,004 $ (32,670) $ 22,334 The change in the gross carrying amount of other intangible assets as of January 31, 2021 compared to July 31, 2020 was mainly due to the effect of currency fluctuations during the six-month period. Amortization expense of intangible assets was $1,353 and $1,291 for the three months ended January 31, 2021 and 2020, respectively, and $2,704 and $2,582 for the six months ended January 31, 2021 and 2020, respectively. Amortization expense over each of the next three fiscal years is projected to be $5,407, $5,123, and $2,241 for the fiscal years ending July 31, 2021, 2022, and 2023. No amortization expense for intangible assets is projected after July 31, 2023.

Leases

Leases	6 Months Ended
	Jan. 31, 2021
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 ten years. As of January 31, 2021, the Company did not have any finance leases. Operating lease expense was $4,169 and $4,274 for the three months ended January 31, 2021 and 2020, respectively, and $8,242 and $9,678 for the six months ended January 31, 2021 and 2020, respectively. Operating lease expense 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 and six months ended January 31, 2021 and 2020. Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2021 and 2020, was as follows: Six months ended January 31, 2021 2020 Operating cash outflows from operating leases $ 8,762 $ 8,216 Operating lease assets obtained in exchange for new operating lease liabilities 3,297 10,637

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jan. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders' Equity The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2021: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at October 31, 2020 $ 548 $ 332,121 $ 726,546 $ (109,146) $ (69,668) $ 880,401 Net income — — 30,860 — — 30,860 Other comprehensive income, net of tax — — — — 18,207 18,207 Issuance of shares of Class A Common Stock under stock plan — 59 — 230 — 289 Stock-based compensation expense — 1,897 — — — 1,897 Repurchase of shares of Class A Common Stock — — — (873) — (873) Cash dividends on Common Stock: Class A — $0.2200 per share — — (10,667) — — (10,667) Class B — $0.2200 per share — — (779) — — (779) Balances at January 31, 2021 $ 548 $ 334,077 $ 745,960 $ (109,789) $ (51,461) $ 919,335 The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2021: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at July 31, 2020 $ 548 $ 331,761 $ 704,456 $ (107,216) $ (66,477) $ 863,072 Net income — — 64,341 — — 64,341 Other comprehensive income, net of tax — — — — 15,016 15,016 Issuance of shares of Class A Common Stock under stock plan — (3,187) — 1,020 — (2,167) Tax benefit and withholdings from deferred compensation distributions — 32 — — — 32 Stock-based compensation expense — 5,471 — — — 5,471 Repurchase of shares of Class A Common Stock — — — (3,593) — (3,593) Cash dividends on Common Stock: Class A — $0.4400 per share — — (21,338) — — (21,338) Class B — $0.4234 per share — — (1,499) — — (1,499) Balances at January 31, 2021 $ 548 $ 334,077 $ 745,960 $ (109,789) $ (51,461) $ 919,335 The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at October 31, 2019 $ 548 $ 327,241 $ 663,808 $ (43,779) $ (71,283) $ 876,535 Net income — — 33,553 — — 33,553 Other comprehensive loss, net of tax — — — — (1,207) (1,207) Issuance of shares of Class A Common Stock under stock plan — 187 — 624 — 811 Tax benefit and withholdings from deferred compensation distributions — 69 — — — 69 Stock-based compensation expense — 1,766 — — — 1,766 Cash dividends on Common Stock: Class A — $0.2175 per share — — (10,833) — — (10,833) Class B — $0.2175 per share — — (770) — — (770) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924 The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at July 31, 2019 $ 548 $ 329,969 $ 637,843 $ (46,332) $ (71,254) $ 850,774 Net income — — 71,051 — — 71,051 Other comprehensive loss, net of tax — — — — (1,236) (1,236) Issuance of shares of Class A Common Stock under stock plan — (6,223) — 3,177 — (3,046) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 5,384 — — — 5,384 Cash dividends on Common Stock: Class A — $0.4350 per share — — (21,655) — — (21,655) Class B — $0.4184 per share — — (1,481) — — (1,481) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jan. 31, 2021
Other Comprehensive Income (Loss), 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 six months ended January 31, 2021: Unrealized (loss) gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 1,215 (23) 13,585 14,777 Amounts reclassified from accumulated other comprehensive loss 203 36 — 239 Ending balance, January 31, 2021 $ 1,218 $ 2,194 $ (54,873) $ (51,461) The decrease in accumulated other comprehensive loss as of January 31, 2021 compared to July 31, 2020, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the six-month period. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2020: Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2019 $ 707 $ 2,800 $ (74,761) $ (71,254) Other comprehensive income (loss) before reclassification 468 (216) (913) (661) Amounts reclassified from accumulated other comprehensive loss (365) (210) — (575) Ending balance, January 31, 2020 $ 810 $ 2,374 $ (75,674) $ (72,490) The increase in accumulated other comprehensive loss as of January 31, 2020, compared to July 31, 2019, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period. Of the amounts reclassified from accumulated other comprehensive loss during the six months ended January 31, 2021 and 2020, unrealized (losses) gains on cash flow hedges were reclassified to "Cost of goods sold" and net unamortized gains on post-retirement plans were reclassified into "Investment and other income" on the condensed consolidated statements of income. The following table illustrates the income tax (expense) benefit on the components of other comprehensive income (loss) for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Income tax (expense) benefit related to items of other comprehensive income (loss): Cash flow hedges $ 47 $ (5) $ (1) $ 30 Pension and other post-retirement benefits 6 93 246 93 Other income tax adjustments and currency translation (1,304) (130) (1,297) 46 Income tax (expense) benefit related to items of other comprehensive income (loss) $ (1,251) $ (42) $ (1,052) $ 169

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jan. 31, 2021
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 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 $2,531 and $2,559 as of January 31, 2021 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 $294 and $316 during the three months ended January 31, 2021 and 2020, respectively, and $591 and $631 during the six months ended January 31, 2021 and 2020, 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 January 31, 2021, the Company expects to recognize 22% by the end of fiscal 2021, an additional 35% by the end of fiscal 2022, and the remaining balance thereafter.

Segment Information

Segment Information	6 Months Ended
	Jan. 31, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information The 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 and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Net sales: ID Solutions Americas $ 124,970 $ 137,909 $ 258,237 $ 287,271 Europe 44,040 45,319 86,622 88,701 Asia 25,217 22,134 47,560 44,377 Total $ 194,227 $ 205,362 $ 392,419 $ 420,349 Workplace Safety Americas $ 20,200 $ 23,636 $ 44,231 $ 47,939 Europe 40,165 37,002 81,431 73,027 Australia 11,246 10,665 24,984 22,297 Total $ 71,611 $ 71,303 $ 150,646 $ 143,263 Total Company Americas $ 145,170 $ 161,545 $ 302,468 $ 335,210 Europe 84,205 82,321 168,053 161,728 Asia-Pacific 36,463 32,799 72,544 66,674 Total $ 265,838 $ 276,665 $ 543,065 $ 563,612 The following is a summary of segment profit for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Segment profit: ID Solutions $ 39,000 $ 40,655 $ 79,279 $ 83,098 Workplace Safety 3,463 5,455 11,451 10,612 Total Company $ 42,463 $ 46,110 $ 90,730 $ 93,710 The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Total profit from reportable segments $ 42,463 $ 46,110 $ 90,730 $ 93,710 Unallocated amounts: Administrative costs (5,051) (4,866) (11,130) (11,575) Investment and other income 2,036 1,760 2,191 3,140 Interest expense (51) (647) (157) (1,348) Income before income taxes and losses of unconsolidated affiliate $ 39,397 $ 42,357 $ 81,634 $ 83,927

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jan. 31, 2021
Earnings Per Share [Abstract]
Net Income per Common Share	Net Income per Common Share The following table summarizes the computation of basic and diluted net income per share for the Company’s Class A and Class B common stock: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Numerator (in thousands): Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 30,860 $ 33,553 $ 64,341 $ 71,051 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 $ 30,860 $ 33,553 $ 63,529 $ 70,213 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 52,018 53,320 52,020 53,232 Plus: Effect of dilutive equity awards 264 507 268 549 Denominator for diluted income per share for both Class A and Class B 52,282 53,827 52,288 53,781 Net income per Class A Nonvoting Common Share: Basic $ 0.59 $ 0.63 $ 1.24 $ 1.33 Diluted $ 0.59 $ 0.62 $ 1.23 $ 1.32 Net income per Class B Voting Common Share: Basic $ 0.59 $ 0.63 $ 1.22 $ 1.32 Diluted $ 0.59 $ 0.62 $ 1.21 $ 1.31 Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted net income per share where the combined exercise price and average unamortized fair value were greater than the average market price of Brady's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares was 829,617 and 248,604 for the three months ended January 31, 2021 and 2020, respectively, and 785,181 and 286,161 for the six months ended January 31, 2021 and 2020, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jan. 31, 2021
Text Block [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with fair value accounting guidance, the Company determines fair value based on the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The inputs used to measure fair value are classified into the following hierarchy: Level 1 — Unadjusted quoted prices in active markets for identical instruments that are accessible as of the reporting date. Level 2 — Other significant pricing inputs that are either directly or indirectly observable. Level 3 — Significant unobservable pricing inputs, which result in the use of management's own assumptions. The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at January 31, 2021 and July 31, 2020: January 31, 2021 July 31, 2020 Fair Value Hierarchy Assets: Trading securities $ 19,204 $ 18,606 Level 1 Foreign exchange contracts 1,246 594 Level 2 Liabilities: Foreign exchange contracts 499 777 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.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jan. 31, 2021
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. 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: January 31, 2021 July 31, 2020 Designated as cash flow hedges $ 12,300 $ 24,600 Non-designated hedges 3,427 3,107 Total foreign exchange contracts $ 15,727 $ 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 January 31, 2021 and July 31, 2020, unrealized gains of $1,034 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 January 31, Six months ended January 31, 2021 2020 2021 2020 Gains recognized in OCI $ 451 $ 363 $ 1,148 $ 559 (Losses) gains reclassified from OCI into cost of goods sold (60) 105 (271) 486 Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2021 July 31, 2020 Prepaid expenses and other current assets Other current liabilities Prepaid expenses and other current assets Other current liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 1,241 $ 499 $ 588 $ 761 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) 5 — 6 16 Total derivative instruments $ 1,246 $ 499 $ 594 $ 777

Income Taxes

Income Taxes	6 Months Ended
	Jan. 31, 2021
Income Taxes [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes The effective income tax rate for the three and six months ended January 31, 2021, was 20.8% and 20.6%, respectively. The Company expects its ongoing annual effective income tax rate to approximate 20% based on its current global business mix and based on current tax laws and statutory tax rates in effect. The effective income tax rate for the three and six months ended January 31, 2020, was 20.8% and 15.3%, respectively. The effective income tax rate for the six months ended January 31, 2020 was lower than the expected income tax rate due to the favorable settlement of a domestic income tax audit and tax benefits from stock-based compensation.

Subsequent Events

Subsequent Events	6 Months Ended
	Jan. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 17, 2021, 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 April 30, 2021, to shareholders of record at the close of business on April 9, 2021.

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	6 Months Ended
	Jan. 31, 2021
Additional Balance Sheet Information [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories as of January 31, 2021, and July 31, 2020, consisted of the following: January 31, 2021 July 31, 2020 Finished products $ 79,100 $ 85,547 Work-in-process 19,262 24,044 Raw materials and supplies 24,560 26,071 Total inventories $ 122,922 $ 135,662

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Other (Tables)	6 Months Ended
	Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other intangible assets as of January 31, 2021 and July 31, 2020, consisted of the following: January 31, 2021 July 31, 2020 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Definite-lived other intangible assets: Customer relationships and tradenames 9 $ 45,498 $ (35,431) $ 10,067 9 $ 45,385 $ (32,670) $ 12,715 Indefinite-lived other intangible assets: Tradenames N/A 9,742 — 9,742 N/A 9,619 — 9,619 Total $ 55,240 $ (35,431) $ 19,809 $ 55,004 $ (32,670) $ 22,334

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jan. 31, 2021
Leases [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Text Block]	Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2021 and 2020, was as follows: Six months ended January 31, 2021 2020 Operating cash outflows from operating leases $ 8,762 $ 8,216 Operating lease assets obtained in exchange for new operating lease liabilities 3,297 10,637

Stockholders' Equity Schedule o

Stockholders' Equity Schedule of Stockholders' Equity (Tables)	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity [Table Text Block]	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2021: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at October 31, 2020 $ 548 $ 332,121 $ 726,546 $ (109,146) $ (69,668) $ 880,401 Net income — — 30,860 — — 30,860 Other comprehensive income, net of tax — — — — 18,207 18,207 Issuance of shares of Class A Common Stock under stock plan — 59 — 230 — 289 Stock-based compensation expense — 1,897 — — — 1,897 Repurchase of shares of Class A Common Stock — — — (873) — (873) Cash dividends on Common Stock: Class A — $0.2200 per share — — (10,667) — — (10,667) Class B — $0.2200 per share — — (779) — — (779) Balances at January 31, 2021 $ 548 $ 334,077 $ 745,960 $ (109,789) $ (51,461) $ 919,335	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended January 31, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at October 31, 2019 $ 548 $ 327,241 $ 663,808 $ (43,779) $ (71,283) $ 876,535 Net income — — 33,553 — — 33,553 Other comprehensive loss, net of tax — — — — (1,207) (1,207) Issuance of shares of Class A Common Stock under stock plan — 187 — 624 — 811 Tax benefit and withholdings from deferred compensation distributions — 69 — — — 69 Stock-based compensation expense — 1,766 — — — 1,766 Cash dividends on Common Stock: Class A — $0.2175 per share — — (10,833) — — (10,833) Class B — $0.2175 per share — — (770) — — (770) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924	The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2021: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at July 31, 2020 $ 548 $ 331,761 $ 704,456 $ (107,216) $ (66,477) $ 863,072 Net income — — 64,341 — — 64,341 Other comprehensive income, net of tax — — — — 15,016 15,016 Issuance of shares of Class A Common Stock under stock plan — (3,187) — 1,020 — (2,167) Tax benefit and withholdings from deferred compensation distributions — 32 — — — 32 Stock-based compensation expense — 5,471 — — — 5,471 Repurchase of shares of Class A Common Stock — — — (3,593) — (3,593) Cash dividends on Common Stock: Class A — $0.4400 per share — — (21,338) — — (21,338) Class B — $0.4234 per share — — (1,499) — — (1,499) Balances at January 31, 2021 $ 548 $ 334,077 $ 745,960 $ (109,789) $ (51,461) $ 919,335	The following table illustrates the changes in the balances of each component of stockholders' equity for the six months ended January 31, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at July 31, 2019 $ 548 $ 329,969 $ 637,843 $ (46,332) $ (71,254) $ 850,774 Net income — — 71,051 — — 71,051 Other comprehensive loss, net of tax — — — — (1,236) (1,236) Issuance of shares of Class A Common Stock under stock plan — (6,223) — 3,177 — (3,046) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 5,384 — — — 5,384 Cash dividends on Common Stock: Class A — $0.4350 per share — — (21,655) — — (21,655) Class B — $0.4184 per share — — (1,481) — — (1,481) Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Other Comprehensive Income (Loss), Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2021: Unrealized (loss) gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 1,215 (23) 13,585 14,777 Amounts reclassified from accumulated other comprehensive loss 203 36 — 239 Ending balance, January 31, 2021 $ 1,218 $ 2,194 $ (54,873) $ (51,461)	The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2020: Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2019 $ 707 $ 2,800 $ (74,761) $ (71,254) Other comprehensive income (loss) before reclassification 468 (216) (913) (661) Amounts reclassified from accumulated other comprehensive loss (365) (210) — (575) Ending balance, January 31, 2020 $ 810 $ 2,374 $ (75,674) $ (72,490)
Other Comprehensive Income, Tax	The following table illustrates the income tax (expense) benefit on the components of other comprehensive income (loss) for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Income tax (expense) benefit related to items of other comprehensive income (loss): Cash flow hedges $ 47 $ (5) $ (1) $ 30 Pension and other post-retirement benefits 6 93 246 93 Other income tax adjustments and currency translation (1,304) (130) (1,297) 46 Income tax (expense) benefit related to items of other comprehensive income (loss) $ (1,251) $ (42) $ (1,052) $ 169

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Of the contract liability balance outstanding at January 31, 2021, the Company expects to recognize 22% by the end of fiscal 2021, an additional 35% by the end of fiscal 2022, and the remaining balance thereafter.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jan. 31, 2021
Segment Reporting [Abstract]
Net Sales by Segment and Geographic Region	The following is a summary of net sales by segment and geographic region for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Net sales: ID Solutions Americas $ 124,970 $ 137,909 $ 258,237 $ 287,271 Europe 44,040 45,319 86,622 88,701 Asia 25,217 22,134 47,560 44,377 Total $ 194,227 $ 205,362 $ 392,419 $ 420,349 Workplace Safety Americas $ 20,200 $ 23,636 $ 44,231 $ 47,939 Europe 40,165 37,002 81,431 73,027 Australia 11,246 10,665 24,984 22,297 Total $ 71,611 $ 71,303 $ 150,646 $ 143,263 Total Company Americas $ 145,170 $ 161,545 $ 302,468 $ 335,210 Europe 84,205 82,321 168,053 161,728 Asia-Pacific 36,463 32,799 72,544 66,674 Total $ 265,838 $ 276,665 $ 543,065 $ 563,612
Segment Profit	The following is a summary of segment profit for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Segment profit: ID Solutions $ 39,000 $ 40,655 $ 79,279 $ 83,098 Workplace Safety 3,463 5,455 11,451 10,612 Total Company $ 42,463 $ 46,110 $ 90,730 $ 93,710
Reconciliation of segment profit to earnings before income taxes	The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three and six months ended January 31, 2021 and 2020: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Total profit from reportable segments $ 42,463 $ 46,110 $ 90,730 $ 93,710 Unallocated amounts: Administrative costs (5,051) (4,866) (11,130) (11,575) Investment and other income 2,036 1,760 2,191 3,140 Interest expense (51) (647) (157) (1,348) Income before income taxes and losses of unconsolidated affiliate $ 39,397 $ 42,357 $ 81,634 $ 83,927

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jan. 31, 2021
Earnings Per Share [Abstract]
Reconciliations of Numerator and Denominator of Basic and Diluted Per Share	The following table summarizes the computation of basic and diluted net income per share for the Company’s Class A and Class B common stock: Three months ended January 31, Six months ended January 31, 2021 2020 2021 2020 Numerator (in thousands): Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 30,860 $ 33,553 $ 64,341 $ 71,051 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 $ 30,860 $ 33,553 $ 63,529 $ 70,213 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 52,018 53,320 52,020 53,232 Plus: Effect of dilutive equity awards 264 507 268 549 Denominator for diluted income per share for both Class A and Class B 52,282 53,827 52,288 53,781 Net income per Class A Nonvoting Common Share: Basic $ 0.59 $ 0.63 $ 1.24 $ 1.33 Diluted $ 0.59 $ 0.62 $ 1.23 $ 1.32 Net income per Class B Voting Common Share: Basic $ 0.59 $ 0.63 $ 1.22 $ 1.32 Diluted $ 0.59 $ 0.62 $ 1.21 $ 1.31

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jan. 31, 2021
Text Block [Abstract]
Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis	The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at January 31, 2021 and July 31, 2020: January 31, 2021 July 31, 2020 Fair Value Hierarchy Assets: Trading securities $ 19,204 $ 18,606 Level 1 Foreign exchange contracts 1,246 594 Level 2 Liabilities: Foreign exchange contracts 499 777 Level 2

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jan. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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: January 31, 2021 July 31, 2020 Designated as cash flow hedges $ 12,300 $ 24,600 Non-designated hedges 3,427 3,107 Total foreign exchange contracts $ 15,727 $ 27,707
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 January 31, Six months ended January 31, 2021 2020 2021 2020 Gains recognized in OCI $ 451 $ 363 $ 1,148 $ 559 (Losses) gains reclassified from OCI into cost of goods sold (60) 105 (271) 486
Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2021 July 31, 2020 Prepaid expenses and other current assets Other current liabilities Prepaid expenses and other current assets Other current liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 1,241 $ 499 $ 588 $ 761 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) 5 — 6 16 Total derivative instruments $ 1,246 $ 499 $ 594 $ 777

New Accounting Pronouncements (

New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Jul. 31, 2020
Accounting Policies [Abstract]
Operating lease assets	$ 38,849	$ 41,899

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Jul. 31, 2020
Inventory [Line Items]
Finished products	$ 79,100	$ 85,547
Work-in-process	19,262	24,044
Raw materials and supplies	24,560	26,071
Total inventories	$ 122,922	$ 135,662

Additional Balance Sheet Info_4

Additional Balance Sheet Information Accumulated Depreciation (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Jul. 31, 2020
Accumulated depreciation [Abstract]
Accumulated Depreciation	$ 272,945	$ 276,248

Other Intangible Assets (Detail

Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Jul. 31, 2020
Other Intangible Assets [Line Items]
Weighted Average Amortization Period			9 years		9 years
Finite-Lived Intangible Assets, Gross	$ 45,498		$ 45,498		$ 45,385
Indefinite-lived Intangible Assets (Excluding Goodwill)	9,742		9,742		9,619
Net Book Value	19,809		19,809		22,334
Intangible Assets, Gross (Excluding Goodwill)	55,240		55,240		55,004
Finite-Lived Intangible Assets, Accumulated Amortization	(35,431)		(35,431)		(32,670)
Finite-Lived Intangible Assets, Net	10,067		10,067		$ 12,715
Amortization of Intangible Assets	1,353	$ 1,291	2,704	$ 2,582
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	5,407		5,407
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5,123		5,123
Finite-Lived Intangible Assets, Amortization Expense, Year Three	$ 2,241		$ 2,241

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Leases [Abstract]
Operating Lease, Cost	$ 4,169	$ 4,274	$ 8,242	$ 9,678
Operating Lease, Payments			8,762	8,216
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			$ 3,297	$ 10,637

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2020	Jul. 31, 2020	Oct. 31, 2019	Jul. 31, 2019
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	$ 919,335	$ 899,924	$ 919,335	$ 899,924	$ 880,401	$ 863,072	$ 876,535	$ 850,774
Net income	30,860	33,553	64,341	71,051
Other Comprehensive Income (Loss), Net of Tax	18,207	(1,207)	15,016	(1,236)
Issuance of shares of Class A Common Stock under stock plan	(289)	(811)	(2,167)	(3,046)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	1,897	1,766	5,471	5,384
Tax benefit and withholdings from deferred compensation distributions			32
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation		69		133
Treasury Stock, Value, Acquired, Cost Method	(873)		(3,593)
Payment of Ordinary Dividends, Common Stock Class A	(10,667)	(10,833)	(21,338)	(21,655)
Payment of Ordinary Dividends, Common Stock Class B	(779)	(770)	(1,499)	(1,481)
Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	548	548	548	548	548	548	548	548
Additional Paid-in Capital [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	334,077	329,263	334,077	329,263	332,121	331,761	327,241	329,969
Stock Issued, Value, Stock Options Exercised and Restricted Stock Vested	(59)	(187)	(3,187)	(6,223)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	1,897	1,766	5,471	5,384
Tax benefit and withholdings from deferred compensation distributions		69	32	133
Retained Earnings [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	745,960	685,758	745,960	685,758	726,546	704,456	663,808	637,843
Net income			64,341	71,051
Payment of Ordinary Dividends, Common Stock Class A	(10,667)	(10,833)	(21,338)	(21,655)
Payment of Ordinary Dividends, Common Stock Class B	(779)	(770)	(1,499)	(1,481)
Treasury Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	(109,789)	(43,155)	(109,789)	(43,155)	(109,146)	(107,216)	(43,779)	(46,332)
Stock Issued, Value, Stock Options Exercised and Restricted Stock Vested	(230)	(624)	(1,020)	(3,177)
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation				0
Treasury Stock, Value, Acquired, Cost Method	(873)		(3,593)
AOCI Attributable to Parent [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	(51,461)	(72,490)	(51,461)	(72,490)	$ (69,668)	$ (66,477)	$ (71,283)	$ (71,254)
Other Comprehensive Income (Loss), Net of Tax	$ 18,207	$ (1,207)	$ 15,016	$ (1,236)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (66,477)	$ (71,254)
Other comprehensive loss (income) before reclassification	14,777	(661)
Amounts reclassified from accumulated other comprehensive loss	239	(575)
Ending balance	(51,461)
Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(200)	707
Other comprehensive loss (income) before reclassification	1,215	468
Amounts reclassified from accumulated other comprehensive loss	203	(365)
Ending balance	1,218	810
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(68,458)	(74,761)
Other comprehensive loss (income) before reclassification	13,585	(913)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	(54,873)	(75,674)
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,181	2,800
Other comprehensive loss (income) before reclassification	(23)	(216)
Amounts reclassified from accumulated other comprehensive loss	36	(210)
Ending balance	$ 2,194	2,374
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance		$ (72,490)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ 47	$ (5)	$ (1)	$ 30
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	6	93	246	93
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	(1,304)	(130)	(1,297)	46
Income tax (expense) benefit related to items of other comprehensive income	$ (1,251)	$ (42)	$ (1,052)	$ 169

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 2,531,000	$ 2,531,000	$ 2,559,000
Deferred Revenue, Revenue Recognized	$ 294,000	$ 316,000

Segment Information Net Sales b

Segment Information Net Sales by Segment and Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Net Sales by Segment and Geographic Area
Net sales	$ 265,838	$ 276,665	$ 543,065	$ 563,612
Americas
Net Sales by Segment and Geographic Area
Net sales	145,170	161,545	302,468	335,210
Europe
Net Sales by Segment and Geographic Area
Net sales	84,205	82,321	168,053	161,728
Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	36,463	32,799	72,544	66,674
ID Solutions
Net Sales by Segment and Geographic Area
Net sales	194,227	205,362	392,419	420,349
ID Solutions | Americas
Net Sales by Segment and Geographic Area
Net sales	124,970	137,909	258,237	287,271
ID Solutions | Europe
Net Sales by Segment and Geographic Area
Net sales	44,040	45,319	86,622	88,701
ID Solutions | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	25,217	22,134	47,560	44,377
Workplace Safety
Net Sales by Segment and Geographic Area
Net sales	71,611	71,303	150,646	143,263
Workplace Safety | Americas
Net Sales by Segment and Geographic Area
Net sales	20,200	23,636	44,231	47,939
Workplace Safety | Europe
Net Sales by Segment and Geographic Area
Net sales	40,165	37,002	81,431	73,027
Workplace Safety | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	$ 11,246	$ 10,665	$ 24,984	$ 22,297

Segment Information Segment Pro

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Segment Profit
Segment profit	$ 42,463	$ 46,110	$ 90,730	$ 93,710
ID Solutions
Segment Profit
Segment profit	39,000	40,655	79,279	83,098
Workplace Safety
Segment Profit
Segment profit	$ 3,463	$ 5,455	$ 11,451	$ 10,612

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment profit	$ 42,463	$ 46,110	$ 90,730	$ 93,710
Unallocated amounts:
Administrative costs	(5,051)	(4,866)	(11,130)	(11,575)
Investment and other income	2,036	1,760	2,191	3,140
Interest expense	(51)	(647)	(157)	(1,348)
Income before income taxes and losses of unconsolidated affiliate	39,397	42,357	81,634	83,927
Workplace Safety
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment profit	3,463	5,455	11,451	10,612
ID Solutions
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment profit	$ 39,000	$ 40,655	$ 79,279	$ 83,098

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Earnings Per Share [Line Items]
Net income	$ 30,860	$ 33,553	$ 64,341	$ 71,051
Denominator for basic earnings per share for both Class A and Class B	52,018	53,320	52,020	53,232
Plus: Effect of dilutive stock options	264	507	268	549
Diluted	52,282	53,827	52,288	53,781
Class A nonvoting common stock
Earnings Per Share [Line Items]
Net earnings per share, basic	$ 0.59	$ 0.63	$ 1.24	$ 1.33
Net earnings per share, diluted	$ 0.59	$ 0.62	$ 1.23	$ 1.32
Common Class B [Member]
Earnings Per Share [Line Items]
Preferential dividends	$ 0	$ 0	$ 808	$ 828
Preferential dividends on dilutive stock options	0	0	4	(10)
Numerator for basic and diluted earnings per Class B Voting Common Share	$ 30,860	$ 33,553	$ 63,529	$ 70,213
Net earnings per share, basic	$ 0.59	$ 0.63	$ 1.22	$ 1.32
Net earnings per share, diluted	$ 0.59	$ 0.62	$ 1.21	$ 1.31

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Earnings Per Share [Abstract]
Common stock of Class A shares excluded from computations of diluted net earnings per share	829,617	248,604	785,181	286,161

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jan. 31, 2021	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	$ 19,204	$ 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	1,246	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	$ 499	$ 777

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2021	Jul. 31, 2020
Derivative [Line Items]
Document Period End Date	Jan. 31, 2021
Derivative, Notional Amount	$ 15,727	$ 27,707
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	12,300	24,600
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 3,427	$ 3,107

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2021	Jul. 31, 2020
Derivatives, Fair Value [Line Items]
Document Period End Date	Jan. 31, 2021
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 1,246	$ 594
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	499	777
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	1,241	588
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	499	761
Not designated as hedging Instruments [Member] | Cash Flow Hedging [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	5	6
Not designated as hedging Instruments [Member] | Cash Flow Hedging [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 0	$ 16

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2021	Jul. 31, 2020
Derivatives, Fair Value [Line Items]
Document Period End Date	Jan. 31, 2021
Derivative Maturities	18 months
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 1,034	$ (385)

Derivative Gains and Losses (De

Derivative Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain recognized in other comprehensive income (loss)	$ 451	$ 363	$ 1,148	$ 559
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ (60)	$ 105	$ (271)	$ 486

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jan. 31, 2021Rate	Jan. 31, 2020Rate	Jan. 31, 2021Rate	Jan. 31, 2020Rate
Income Taxes [Abstract]
Effective Income Tax Rate Reconciliation, Percent	20.80%	20.80%	20.60%	15.30%

Subsequent Events (Detail)

Subsequent Events (Detail)	Feb. 17, 2021$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared (USD per share)	$ 0.22