Brady (BRC) 10-Q 20 May 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2021	May 18, 2021
Entity Information [Line Items]
Document Type	10-Q
Entity Registrant Name	BRADY CORP
Amendment Flag	false
Entity Central Index Key	0000746598
Document Period End Date	Apr. 30, 2021
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Entity Address, Address Line One	6555 West Good Hope Road
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53233
City Area Code	414
Local Phone Number	358-6600
Entity File Number	1-14959
Entity Tax Identification Number	39-0178960
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Document Transition Report	false
Document Quarterly Report	true
Trading Symbol	BRC
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Entity Incorporation, State or Country Code	WI
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,524,455
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 321,801	$ 217,643
Accounts receivable, net of allowances for credit losses of $7,551 and $7,157, respectively	163,381	146,181
Inventories	122,847	135,662
Prepaid expenses and other current assets	13,032	9,962
Total current assets	621,061	509,448
Property, plant and equipment—net	121,126	115,068
Goodwill	422,091	416,034
Other intangible assets	18,528	22,334
Deferred income taxes	8,334	8,845
Operating lease assets	37,622	41,899
Other assets	31,415	28,838
Total	1,260,177	1,142,466
Current liabilities:
Accounts payable	72,234	62,547
Accrued compensation and benefits	69,621	41,546
Taxes, other than income taxes	9,207	8,057
Accrued income taxes	2,711	8,652
Current operating lease liabilities	16,197	15,304
Other current liabilities	51,145	49,782
Total current liabilities	221,115	185,888
Current operating lease liabilities	25,841	31,982
Other liabilities	61,595	61,524
Total liabilities	308,551	279,394
Stockholders’ equity:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 48,524,455 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	336,957	331,761
Retained earnings	771,797	704,456
Treasury stock—2,737,032 and 2,804,533 shares, respectively, of Class A nonvoting common stock, at cost	(109,128)	(107,216)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(48,548)	(66,477)
Total stockholders’ equity	951,626	863,072
Total	$ 1,260,177	$ 1,142,466

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current	$ 7,551	$ 7,157
Class A nonvoting common stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,524,455	48,456,954
Treasury stock, shares	2,737,032	2,804,533
Common Class B
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		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Net sales	$ 295,503	$ 265,943	$ 838,568	$ 829,555
Cost of goods sold	146,656	136,416	424,771	419,496
Gross margin	148,847	129,527	413,797	410,059
Operating expenses:
Research and development	11,305	9,814	31,384	31,298
Selling, general and administrative	90,817	83,223	256,088	260,136
Impairment charges	0	13,821	0	13,821
Total operating expenses	102,122	106,858	287,472	305,255
Operating income	46,725	22,669	126,325	104,804
Other income (expense):
Investment and other income	1,181	112	3,372	3,252
Interest expense	(131)	(628)	(288)	(1,976)
Income before income taxes and losses of unconsolidated affiliate	47,775	22,153	129,409	106,080
Income tax expense	10,229	8,520	27,017	21,396
Income before losses of unconsolidated affiliate	37,546	13,633	102,392	84,684
Equity in losses of unconsolidated affiliate	(255)	0	(760)	0
Net income	$ 37,291	$ 13,633	$ 101,632	$ 84,684
Weighted average common shares outstanding:
Basic	52,050	52,607	52,030	53,023
Diluted	52,449	52,972	52,341	53,512
Class A nonvoting common stock
Earnings Per Share
Basic	$ 0.72	$ 0.26	$ 1.95	$ 1.60
Diluted	0.71	0.26	1.94	1.58
Dividends	0.22	0.22	0.66	0.65
Common Class B
Earnings Per Share
Basic	0.72	0.26	1.94	1.58
Diluted	0.71	0.26	1.93	1.57
Dividends	$ 0.22	$ 0.22	$ 0.64	$ 0.64

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 37,291	$ 13,633	$ 101,632	$ 84,684
Other comprehensive income (loss):
Foreign currency translation adjustments	2,891	(17,424)	17,773	(18,383)
Cash flow hedges:
Net gain (loss) recognized in other comprehensive income (loss)	118	(1,751)	1,266	(1,192)
Reclassification adjustment for gains included in net income	(292)	(293)	(21)	(779)
Other Comprehensive Income (Loss), Cash Flow Hedge Gain, after Reclassification, before Tax, Total	(174)	(2,044)	1,245	(1,971)
Pension and other post-retirement benefits:
Net loss recognized in other comprehensive income (loss)	0	0	(32)	(309)
Net actuarial gain amortization	(105)	(105)	(306)	(315)
Other Comprehensive (Income) Loss, Pension and other Post-retirement Benefits, after Reclassification Adjustment, before Tax	(105)	(105)	(338)	(624)
Other comprehensive income (loss), before tax	2,612	(19,573)	18,680	(20,978)
Income tax benefit (expense) related to items of other comprehensive income (loss)	301	(179)	(751)	(10)
Other comprehensive income (loss), net of tax	2,913	(19,752)	17,929	(20,988)
Comprehensive income (loss)	$ 40,204	$ (6,119)	$ 119,561	$ 63,696

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Operating activities:
Net Income	$ 101,632	$ 84,684
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,240	17,731
Stock-based compensation expense	8,003	7,180
Deferred income taxes	(3,957)	(309)
Impairment charges	0	13,821
Equity in losses of unconsolidated affiliate	760	0
Other	(1,186)	1,698
Changes in operating assets and liabilities:
Accounts receivable	(13,247)	9,019
Inventories	15,210	(7,439)
Prepaid expenses and other assets	(2,584)	(5,653)
Accounts payable and accrued liabilities	39,244	(26,609)
Income taxes	(6,207)	1,790
Net cash provided by operating activities	154,908	95,913
Investing activities:
Purchases of property, plant and equipment	(21,411)	(21,616)
Other	2,567	(4,419)
Net cash used in investing activities	(18,844)	(26,035)
Financing activities:
Payment of dividends	(34,290)	(34,447)
Proceeds from exercise of stock options	1,612	5,212
Payments for employee taxes withheld from stock-based awards	(2,772)	(7,832)
Purchase of treasury stock	(3,593)	(64,113)
Other	(231)	133
Net cash used in financing activities	(39,274)	(101,047)
Effect of exchange rate changes on cash	7,368	(9,023)
Net increase (decrease) in cash and cash equivalents	104,158	(40,192)
Cash and cash equivalents, beginning of period	217,643	279,072
Cash and cash equivalents, end of period	$ 321,801	$ 238,880

Basis of Presentation

Basis of Presentation	9 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [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 April 30, 2021 and July 31, 2020, its results of operations and comprehensive income for the three and nine months ended April 30, 2021 and 2020, and cash flows for the nine months ended April 30, 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	9 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	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	9 Months Ended
	Apr. 30, 2021
Additional Balance Sheet Information [Abstract]
Supplemental Balance Sheet Disclosures	Additional Balance Sheet Information Inventories Inventories as of April 30, 2021, and July 31, 2020, consisted of the following: April 30, 2021 July 31, 2020 Finished products $ 78,484 $ 85,547 Work-in-process 20,886 24,044 Raw materials and supplies 23,477 26,071 Total inventories $ 122,847 $ 135,662 Property, plant and equipment

Other Intangible Assets

Other Intangible Assets	9 Months Ended
	Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure	Other Intangible Assets Other intangible assets as of April 30, 2021 and July 31, 2020, consisted of the following: April 30, 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 $ 45,497 $ (36,783) $ 8,714 9 $ 45,385 $ (32,670) $ 12,715 Indefinite-lived other intangible assets: Tradenames N/A 9,814 — 9,814 N/A 9,619 — 9,619 Total $ 55,311 $ (36,783) $ 18,528 $ 55,004 $ (32,670) $ 22,334 The change in the gross carrying amount of other intangible assets as of April 30, 2021 compared to July 31, 2020 was due to the effect of currency fluctuations during the nine-month period. Amortization expense of intangible assets was $1,352 and $1,290 for the three months ended April 30, 2021 and 2020, respectively, and $4,056 and $3,872 for the nine months ended April 30, 2021 and 2020, respectively. Amortization expense over each of the next three fiscal years is projected to be $5,408, $5,121, 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	9 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Lessee, Operating Leases	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 April 30, 2021, the Company did not have any finance leases. Operating lease expense was $4,714 and $4,219 for the three months ended April 30, 2021 and 2020, respectively, and $12,956 and $13,897 for the nine months ended April 30, 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 nine months ended April 30, 2021 and 2020. Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2021 and 2020, was as follows: Nine months ended April 30, 2021 2020 Operating cash outflows from operating leases $ 13,965 $ 12,469 Operating lease assets obtained in exchange for new operating lease liabilities 5,832 10,637

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Apr. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity Disclosure	Stockholders' Equity The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended April 30, 2021: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at January 31, 2021 $ 548 $ 334,077 $ 745,960 $ (109,789) $ (51,461) $ 919,335 Net income — — 37,291 — — 37,291 Other comprehensive income, net of tax — — — — 2,913 2,913 Issuance of shares of Class A Common Stock under stock plan — 348 — 661 — 1,009 Stock-based compensation expense — 2,532 — — — 2,532 Cash dividends on Common Stock: Class A — $0.2200 per share — — (10,675) — — (10,675) Class B — $0.2200 per share — — (779) — — (779) Balances at April 30, 2021 $ 548 $ 336,957 $ 771,797 $ (109,128) $ (48,548) $ 951,626 The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 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 — — 101,632 — — 101,632 Other comprehensive income, net of tax — — — — 17,929 17,929 Issuance of shares of Class A Common Stock under stock plan — (2,839) — 1,681 — (1,158) Tax benefit and withholdings from deferred compensation distributions — 32 — — — 32 Stock-based compensation expense — 8,003 — — — 8,003 Repurchase of shares of Class A Common Stock — — — (3,593) — (3,593) Cash dividends on Common Stock: Class A — $0.6600 per share — — (32,013) — — (32,013) Class B — $0.6434 per share — — (2,278) — — (2,278) Balances at April 30, 2021 $ 548 $ 336,957 $ 771,797 $ (109,128) $ (48,548) $ 951,626 The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended April 30, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924 Net income — — 13,633 — — 13,633 Other comprehensive loss, net of tax — — — — (19,752) (19,752) Issuance of shares of Class A Common Stock under stock plan — (91) — 517 — 426 Stock-based compensation expense — 1,796 — — — 1,796 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.2175 per share — — (10,542) — — (10,542) Class B — $0.2175 per share — — (770) — — (770) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602 The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 2020: Common 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 — — 84,684 — — 84,684 Other comprehensive loss, net of tax — — — — (20,988) (20,988) Issuance of shares of Class A Common Stock under stock plan — (6,314) — 3,694 — (2,620) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 7,180 — — — 7,180 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.6525 per share — — (32,197) — — (32,197) Class B — $0.6359 per share — — (2,251) — — (2,251) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Apr. 30, 2021
Other Comprehensive Income (Loss), Tax [Abstract]
Accumulated Other Comprehensive Loss Disclosure	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 nine months ended April 30, 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 1,189 (23) 16,848 18,014 Amounts reclassified from accumulated other comprehensive loss (16) (69) — (85) Ending balance, April 30, 2021 $ 973 $ 2,089 $ (51,610) $ (48,548) The decrease in accumulated other comprehensive loss as of April 30, 2021 compared to July 31, 2020, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the nine-month period. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the nine months ended April 30, 2020: Unrealized gain (loss) 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 loss before reclassification (1,363) (216) (18,510) (20,089) Amounts reclassified from accumulated other comprehensive loss (584) (315) — (899) Ending balance, April 30, 2020 $ (1,240) $ 2,269 $ (93,271) $ (92,242) The increase in accumulated other comprehensive loss as of April 30, 2020, compared to July 31, 2019, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the nine-month period. Of the amounts reclassified from accumulated other comprehensive loss during the nine months ended April 30, 2021 and 2020, unrealized 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 benefit (expense) on the components of other comprehensive income (loss) for the three and nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Income tax benefit (expense) related to items of other comprehensive income (loss): Cash flow hedges $ (71) $ (6) $ (72) $ 24 Pension and other post-retirement benefits — — 246 93 Other income tax adjustments and currency translation 372 (173) (925) (127) Income tax benefit (expense) related to items of other comprehensive income (loss) $ 301 $ (179) $ (751) $ (10)

Revenue Recognition

Revenue Recognition	9 Months Ended
	Apr. 30, 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 $2,567 and $2,559 as of April 30, 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 $291 and $317 during the three months ended April 30, 2021 and 2020, respectively, and $882 and $948 during the nine months ended April 30, 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 April 30, 2021, the Company expects to recognize 11% by the end of fiscal 2021, an additional 38% by the end of fiscal 2022, and the remaining balance thereafter.

Segment Information

Segment Information	9 Months Ended
	Apr. 30, 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 nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Net sales: ID Solutions Americas $ 143,348 $ 131,169 $ 401,585 $ 418,440 Europe 50,416 41,183 137,038 129,884 Asia 24,301 20,817 71,861 65,194 Total $ 218,065 $ 193,169 $ 610,484 $ 613,518 Workplace Safety Americas $ 21,425 $ 21,456 $ 65,656 $ 69,395 Europe 42,491 37,567 123,922 110,594 Australia 13,522 13,751 38,506 36,048 Total $ 77,438 $ 72,774 $ 228,084 $ 216,037 Total Company Americas $ 164,773 $ 152,625 $ 467,241 $ 487,835 Europe 92,907 78,750 260,960 240,478 Asia-Pacific 37,823 34,568 110,367 101,242 Total $ 295,503 $ 265,943 $ 838,568 $ 829,555 The following is a summary of segment profit for the three and nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Segment profit: ID Solutions $ 47,539 $ 36,401 $ 126,818 $ 119,499 Workplace Safety 5,656 4,379 17,107 14,991 Total Company $ 53,195 $ 40,780 $ 143,925 $ 134,490 The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three and nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Total profit from reportable segments $ 53,195 $ 40,780 $ 143,925 $ 134,490 Unallocated amounts: Administrative costs (6,470) (4,290) (17,600) (15,865) Impairment charges — (13,821) — (13,821) Investment and other income 1,181 112 3,372 3,252 Interest expense (131) (628) (288) (1,976) Income before income taxes and losses of unconsolidated affiliate $ 47,775 $ 22,153 $ 129,409 $ 106,080

Net Income per Common Share

Net Income per Common Share	9 Months Ended
	Apr. 30, 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 April 30, Nine months ended April 30, 2021 2020 2021 2020 Numerator (in thousands): Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 37,291 $ 13,633 $ 101,632 $ 84,684 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 $ 37,291 $ 13,633 $ 100,820 $ 83,846 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 52,050 52,607 52,030 53,023 Plus: Effect of dilutive equity awards 399 365 311 489 Denominator for diluted income per share for both Class A and Class B 52,449 52,972 52,341 53,512 Net income per Class A Nonvoting Common Share: Basic $ 0.72 $ 0.26 $ 1.95 $ 1.60 Diluted $ 0.71 $ 0.26 $ 1.94 $ 1.58 Net income per Class B Voting Common Share: Basic $ 0.72 $ 0.26 $ 1.94 $ 1.58 Diluted $ 0.71 $ 0.26 $ 1.93 $ 1.57 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 239,707 and 488,932 for the three months ended April 30, 2021 and 2020, respectively, and 603,356 and 353,752 for the nine months ended April 30, 2021 and 2020, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Apr. 30, 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 April 30, 2021 and July 31, 2020: April 30, 2021 July 31, 2020 Fair Value Hierarchy Assets: Trading securities $ 20,169 $ 18,606 Level 1 Foreign exchange contracts 724 594 Level 2 Liabilities: Foreign exchange contracts 252 777 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	9 Months Ended
	Apr. 30, 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: April 30, 2021 July 31, 2020 Designated as cash flow hedges $ 6,150 $ 24,600 Non-designated hedges 3,495 3,107 Total foreign exchange contracts $ 9,645 $ 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 April 30, 2021 and July 31, 2020, unrealized gains of $860 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 April 30, Nine months ended April 30, 2021 2020 2021 2020 Gains (losses) recognized in OCI $ 118 $ (1,751) $ 1,266 $ (1,192) Gains reclassified from OCI into cost of goods sold 292 293 21 779 Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: April 30, 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) $ 724 $ 242 $ 588 $ 761 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 10 6 16 Total derivative instruments $ 724 $ 252 $ 594 $ 777

Income Taxes

Income Taxes	9 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes The effective income tax rate for the three and nine months ended April 30, 2021, was 21.4% and 20.9%, respectively. The Company expects its annual effective income tax rate to approximate 20% over the long-term based on its current global business mix and based on current tax laws and statutory tax rates in effect. However, quarterly tax rates could vary substantially based on the respective facts and circumstances at that point in time. The effective income tax rate for the three and nine months ended April 30, 2020, was 38.5% and 20.2%, respectively. The effective income tax rate for the three months ended April 30, 2020 was higher than the expected income tax rate due to an increase in the valuation allowance against foreign tax credit carryforwards resulting from a decrease in the Company's expectations of future foreign source income.

Subsequent Events

Subsequent Events	9 Months Ended
	Apr. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On May 19, 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 July 30, 2021, to shareholders of record at the close of business on July 9, 2021. On May 19, 2021, the results of the Company’s cash tender offer for all of the outstanding, publicly-held shares of Nordic ID Oyj (“Nordic ID”) were finalized. According to the final results of the cash tender offer, the shares of Nordic ID that were validly tendered represent 92.9% of all outstanding shares and votes of Nordic ID. The Company intends to complete the cash tender offer on or about May 21, 2021, following which the Company intends to acquire all of the remaining outstanding shares of Nordic ID and cause Nordic ID to apply for delisting of its shares from Nasdaq First North Growth Market Finland. The cash consideration offered for each Nordic ID Share validly tendered in the Tender Offer is EUR 3.30 per share, which equates to a total equity purchase of EUR 8.1 million (USD 9.9 million), plus the assumption of debt of approximately USD 3 million.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	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 Info_2

Additional Balance Sheet Information (Tables)	9 Months Ended
	Apr. 30, 2021
Additional Balance Sheet Information [Abstract]
Schedule of Inventory	Inventories as of April 30, 2021, and July 31, 2020, consisted of the following: April 30, 2021 July 31, 2020 Finished products $ 78,484 $ 85,547 Work-in-process 20,886 24,044 Raw materials and supplies 23,477 26,071 Total inventories $ 122,847 $ 135,662

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	9 Months Ended
	Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other intangible assets as of April 30, 2021 and July 31, 2020, consisted of the following: April 30, 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 $ 45,497 $ (36,783) $ 8,714 9 $ 45,385 $ (32,670) $ 12,715 Indefinite-lived other intangible assets: Tradenames N/A 9,814 — 9,814 N/A 9,619 — 9,619 Total $ 55,311 $ (36,783) $ 18,528 $ 55,004 $ (32,670) $ 22,334

Leases (Tables)

Leases (Tables)	9 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information related to the Company's operating leases for the nine months ended April 30, 2021 and 2020, was as follows: Nine months ended April 30, 2021 2020 Operating cash outflows from operating leases $ 13,965 $ 12,469 Operating lease assets obtained in exchange for new operating lease liabilities 5,832 10,637

Stockholders' Equity Schedule o

Stockholders' Equity Schedule of Stockholders' Equity (Tables)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended April 30, 2021: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at January 31, 2021 $ 548 $ 334,077 $ 745,960 $ (109,789) $ (51,461) $ 919,335 Net income — — 37,291 — — 37,291 Other comprehensive income, net of tax — — — — 2,913 2,913 Issuance of shares of Class A Common Stock under stock plan — 348 — 661 — 1,009 Stock-based compensation expense — 2,532 — — — 2,532 Cash dividends on Common Stock: Class A — $0.2200 per share — — (10,675) — — (10,675) Class B — $0.2200 per share — — (779) — — (779) Balances at April 30, 2021 $ 548 $ 336,957 $ 771,797 $ (109,128) $ (48,548) $ 951,626	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended April 30, 2020: Common Stock Additional Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Total Stockholders' Equity Balances at January 31, 2020 $ 548 $ 329,263 $ 685,758 $ (43,155) $ (72,490) $ 899,924 Net income — — 13,633 — — 13,633 Other comprehensive loss, net of tax — — — — (19,752) (19,752) Issuance of shares of Class A Common Stock under stock plan — (91) — 517 — 426 Stock-based compensation expense — 1,796 — — — 1,796 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.2175 per share — — (10,542) — — (10,542) Class B — $0.2175 per share — — (770) — — (770) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602	The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 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 — — 101,632 — — 101,632 Other comprehensive income, net of tax — — — — 17,929 17,929 Issuance of shares of Class A Common Stock under stock plan — (2,839) — 1,681 — (1,158) Tax benefit and withholdings from deferred compensation distributions — 32 — — — 32 Stock-based compensation expense — 8,003 — — — 8,003 Repurchase of shares of Class A Common Stock — — — (3,593) — (3,593) Cash dividends on Common Stock: Class A — $0.6600 per share — — (32,013) — — (32,013) Class B — $0.6434 per share — — (2,278) — — (2,278) Balances at April 30, 2021 $ 548 $ 336,957 $ 771,797 $ (109,128) $ (48,548) $ 951,626	The following table illustrates the changes in the balances of each component of stockholders' equity for the nine months ended April 30, 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 — — 84,684 — — 84,684 Other comprehensive loss, net of tax — — — — (20,988) (20,988) Issuance of shares of Class A Common Stock under stock plan — (6,314) — 3,694 — (2,620) Tax benefit and withholdings from deferred compensation distributions — 133 — — — 133 Stock-based compensation expense — 7,180 — — — 7,180 Repurchase of shares of Class A Common Stock — — — (64,113) — (64,113) Cash dividends on Common Stock: Class A — $0.6525 per share — — (32,197) — — (32,197) Class B — $0.6359 per share — — (2,251) — — (2,251) Balances at April 30, 2020 $ 548 $ 330,968 $ 688,079 $ (106,751) $ (92,242) $ 820,602

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Apr. 30, 2021	Apr. 30, 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 nine months ended April 30, 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 1,189 (23) 16,848 18,014 Amounts reclassified from accumulated other comprehensive loss (16) (69) — (85) Ending balance, April 30, 2021 $ 973 $ 2,089 $ (51,610) $ (48,548)	The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the nine months ended April 30, 2020: Unrealized gain (loss) 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 loss before reclassification (1,363) (216) (18,510) (20,089) Amounts reclassified from accumulated other comprehensive loss (584) (315) — (899) Ending balance, April 30, 2020 $ (1,240) $ 2,269 $ (93,271) $ (92,242)
Other Comprehensive Income, Tax	The following table illustrates the income tax benefit (expense) on the components of other comprehensive income (loss) for the three and nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Income tax benefit (expense) related to items of other comprehensive income (loss): Cash flow hedges $ (71) $ (6) $ (72) $ 24 Pension and other post-retirement benefits — — 246 93 Other income tax adjustments and currency translation 372 (173) (925) (127) Income tax benefit (expense) related to items of other comprehensive income (loss) $ 301 $ (179) $ (751) $ (10)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Apr. 30, 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 nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Net sales: ID Solutions Americas $ 143,348 $ 131,169 $ 401,585 $ 418,440 Europe 50,416 41,183 137,038 129,884 Asia 24,301 20,817 71,861 65,194 Total $ 218,065 $ 193,169 $ 610,484 $ 613,518 Workplace Safety Americas $ 21,425 $ 21,456 $ 65,656 $ 69,395 Europe 42,491 37,567 123,922 110,594 Australia 13,522 13,751 38,506 36,048 Total $ 77,438 $ 72,774 $ 228,084 $ 216,037 Total Company Americas $ 164,773 $ 152,625 $ 467,241 $ 487,835 Europe 92,907 78,750 260,960 240,478 Asia-Pacific 37,823 34,568 110,367 101,242 Total $ 295,503 $ 265,943 $ 838,568 $ 829,555
Segment Profit	The following is a summary of segment profit for the three and nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Segment profit: ID Solutions $ 47,539 $ 36,401 $ 126,818 $ 119,499 Workplace Safety 5,656 4,379 17,107 14,991 Total Company $ 53,195 $ 40,780 $ 143,925 $ 134,490
Reconciliation of segment profit to earnings before income taxes and losses of unconsolidated affiliate	The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three and nine months ended April 30, 2021 and 2020: Three months ended April 30, Nine months ended April 30, 2021 2020 2021 2020 Total profit from reportable segments $ 53,195 $ 40,780 $ 143,925 $ 134,490 Unallocated amounts: Administrative costs (6,470) (4,290) (17,600) (15,865) Impairment charges — (13,821) — (13,821) Investment and other income 1,181 112 3,372 3,252 Interest expense (131) (628) (288) (1,976) Income before income taxes and losses of unconsolidated affiliate $ 47,775 $ 22,153 $ 129,409 $ 106,080

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	9 Months Ended
	Apr. 30, 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 April 30, Nine months ended April 30, 2021 2020 2021 2020 Numerator (in thousands): Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 37,291 $ 13,633 $ 101,632 $ 84,684 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 $ 37,291 $ 13,633 $ 100,820 $ 83,846 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 52,050 52,607 52,030 53,023 Plus: Effect of dilutive equity awards 399 365 311 489 Denominator for diluted income per share for both Class A and Class B 52,449 52,972 52,341 53,512 Net income per Class A Nonvoting Common Share: Basic $ 0.72 $ 0.26 $ 1.95 $ 1.60 Diluted $ 0.71 $ 0.26 $ 1.94 $ 1.58 Net income per Class B Voting Common Share: Basic $ 0.72 $ 0.26 $ 1.94 $ 1.58 Diluted $ 0.71 $ 0.26 $ 1.93 $ 1.57

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Apr. 30, 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 April 30, 2021 and July 31, 2020: April 30, 2021 July 31, 2020 Fair Value Hierarchy Assets: Trading securities $ 20,169 $ 18,606 Level 1 Foreign exchange contracts 724 594 Level 2 Liabilities: Foreign exchange contracts 252 777 Level 2

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Apr. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows: April 30, 2021 July 31, 2020 Designated as cash flow hedges $ 6,150 $ 24,600 Non-designated hedges 3,495 3,107 Total foreign exchange contracts $ 9,645 $ 27,707
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	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 April 30, Nine months ended April 30, 2021 2020 2021 2020 Gains (losses) recognized in OCI $ 118 $ (1,751) $ 1,266 $ (1,192) Gains reclassified from OCI into cost of goods sold 292 293 21 779
Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: April 30, 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) $ 724 $ 242 $ 588 $ 761 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 10 6 16 Total derivative instruments $ 724 $ 252 $ 594 $ 777

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Inventory [Line Items]
Finished products	$ 78,484	$ 85,547
Work-in-process	20,886	24,044
Raw materials and supplies	23,477	26,071
Total inventories	$ 122,847	$ 135,662

Additional Balance Sheet Info_4

Additional Balance Sheet Information Accumulated Depreciation (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Accumulated depreciation [Abstract]
Accumulated Depreciation	$ 274,961	$ 276,248

Other Intangible Assets (Detail

Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2020	Apr. 30, 2021	Jul. 31, 2020
Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)		$ 55,311	$ 55,004
Finite-Lived Intangible Assets, Accumulated Amortization		(36,783)	(32,670)
Other intangible assets		$ 18,528	22,334
Customer relationships and tradenames
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years	9 years
Finite-Lived Intangible Assets, Gross		$ 45,497	45,385
Finite-Lived Intangible Assets, Accumulated Amortization		(36,783)	(32,670)
Finite-Lived Intangible Assets, Net		8,714	12,715
Tradenames
Other Intangible Assets [Line Items]
Indefinite-lived Intangible Assets - Tradenames		$ 9,814	$ 9,619

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	$ 1,352	$ 1,290	$ 4,056	$ 3,872
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	5,408		5,408
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5,121		5,121
Finite-Lived Intangible Assets, Amortization Expense, Year Three	$ 2,241		$ 2,241

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Leases [Abstract]
Operating Lease, Cost	$ 4,714	$ 4,219	$ 12,956	$ 13,897
Operating Lease, Payments			13,965	12,469
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			$ 5,832	$ 10,637

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2021	Jul. 31, 2020	Jan. 31, 2020	Jul. 31, 2019
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	$ 951,626	$ 820,602	$ 951,626	$ 820,602	$ 919,335	$ 863,072	$ 899,924	$ 850,774
Net Income	37,291	13,633	101,632	84,684
Other Comprehensive Income (Loss), Net of Tax	2,913	(19,752)	17,929	(20,988)
Issuance of shares of Class A Common Stock under stock plan	(1,009)	(426)	(1,158)	(2,620)
Tax benefit and withholdings from deferred compensation distributions			32	133
Stock-based compensation expense	2,532	1,796	8,003	7,180
Repurchase of shares of Class A Common Stock		(64,113)	(3,593)	(64,113)
Payment of Ordinary Dividends, Common Stock Class A	(10,675)	(10,542)	(32,013)	(32,197)
Payment of Ordinary Dividends, Common Stock Class B	(779)	(770)	(2,278)	(2,251)
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	336,957	330,968	336,957	330,968	334,077	331,761	329,263	329,969
Issuance of shares of Class A Common Stock under stock plan	(348)	(91)	(2,839)	(6,314)
Tax benefit and withholdings from deferred compensation distributions			32	133
Stock-based compensation expense	2,532	1,796	8,003	7,180
Retained Earnings [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	771,797	688,079	771,797	688,079	745,960	704,456	685,758	637,843
Net Income	37,291	13,633	101,632	84,684
Payment of Ordinary Dividends, Common Stock Class A	(10,675)	(10,542)	(32,013)	(32,197)
Payment of Ordinary Dividends, Common Stock Class B	(779)	(770)	(2,278)	(2,251)
Treasury Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	(109,128)	(106,751)	(109,128)	(106,751)	(109,789)	(107,216)	(43,155)	(46,332)
Issuance of shares of Class A Common Stock under stock plan	(661)	(517)	(1,681)	(3,694)
Repurchase of shares of Class A Common Stock		(64,113)	(3,593)	(64,113)
AOCI Attributable to Parent [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	(48,548)	(92,242)	(48,548)	(92,242)	$ (51,461)	$ (66,477)	$ (72,490)	$ (71,254)
Other Comprehensive Income (Loss), Net of Tax	$ 2,913	$ (19,752)	$ 17,929	$ (20,988)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (66,477)	$ (71,254)
Other comprehensive loss (income) before reclassification	18,014	(20,089)
Amounts reclassified from accumulated other comprehensive loss	(85)	(899)
Ending balance	(48,548)	(92,242)
Unrealized (loss) gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(200)	707
Other comprehensive loss (income) before reclassification	1,189	(1,363)
Amounts reclassified from accumulated other comprehensive loss	(16)	(584)
Ending balance	973	(1,240)
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	(69)	(315)
Ending balance	2,089	2,269
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(68,458)	(74,761)
Other comprehensive loss (income) before reclassification	16,848	(18,510)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	$ (51,610)	$ (93,271)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ (71)	$ (6)	$ (72)	$ 24
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	0	0	246	93
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	372	(173)	(925)	(127)
Income tax benefit (expense) related to items of other comprehensive income (loss)	$ 301	$ (179)	$ (751)	$ (10)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 2,567,000		$ 2,567,000		$ 2,559,000
Deferred Revenue, Revenue Recognized	$ 291,000	$ 317,000	$ 882,000	$ 948,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			Of the contract liability balance outstanding at April 30, 2021, the Company expects to recognize 11% by the end of fiscal 2021, an additional 38% by the end of fiscal 2022, and the remaining balance thereafter.

Segment Information Net Sales b

Segment Information Net Sales by Segment and Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Net Sales by Segment and Geographic Area
Net sales	$ 295,503	$ 265,943	$ 838,568	$ 829,555
Americas
Net Sales by Segment and Geographic Area
Net sales	164,773	152,625	467,241	487,835
Europe
Net Sales by Segment and Geographic Area
Net sales	92,907	78,750	260,960	240,478
Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	37,823	34,568	110,367	101,242
ID Solutions
Net Sales by Segment and Geographic Area
Net sales	218,065	193,169	610,484	613,518
ID Solutions | Americas
Net Sales by Segment and Geographic Area
Net sales	143,348	131,169	401,585	418,440
ID Solutions | Europe
Net Sales by Segment and Geographic Area
Net sales	50,416	41,183	137,038	129,884
ID Solutions | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	24,301	20,817	71,861	65,194
Workplace Safety
Net Sales by Segment and Geographic Area
Net sales	77,438	72,774	228,084	216,037
Workplace Safety | Americas
Net Sales by Segment and Geographic Area
Net sales	21,425	21,456	65,656	69,395
Workplace Safety | Europe
Net Sales by Segment and Geographic Area
Net sales	42,491	37,567	123,922	110,594
Workplace Safety | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	$ 13,522	$ 13,751	$ 38,506	$ 36,048

Segment Information Segment Pro

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Segment Profit
Segment profit	$ 53,195	$ 40,780	$ 143,925	$ 134,490
ID Solutions
Segment Profit
Segment profit	47,539	36,401	126,818	119,499
Workplace Safety
Segment Profit
Segment profit	$ 5,656	$ 4,379	$ 17,107	$ 14,991

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Segment profit	$ 53,195	$ 40,780	$ 143,925	$ 134,490
Unallocated amounts:
Administrative costs	(6,470)	(4,290)	(17,600)	(15,865)
Impairment charges	0	(13,821)	0	(13,821)
Investment and other income	1,181	112	3,372	3,252
Interest expense	(131)	(628)	(288)	(1,976)
Income before income taxes and losses of unconsolidated affiliate	$ 47,775	$ 22,153	$ 129,409	$ 106,080

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share [Line Items]
Net Income	$ 37,291	$ 13,633	$ 101,632	$ 84,684
Denominator for basic earnings per share for both Class A and Class B	52,050	52,607	52,030	53,023
Plus: Effect of dilutive stock options	399	365	311	489
Denominator for diluted income per share for both Class A and Class B	52,449	52,972	52,341	53,512
Class A nonvoting common stock
Earnings Per Share [Line Items]
Basic	$ 0.72	$ 0.26	$ 1.95	$ 1.60
Diluted	$ 0.71	$ 0.26	$ 1.94	$ 1.58
Common Class B
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	$ 37,291	$ 13,633	$ 100,820	$ 83,846
Basic	$ 0.72	$ 0.26	$ 1.94	$ 1.58
Diluted	$ 0.71	$ 0.26	$ 1.93	$ 1.57

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share [Abstract]
Common stock of Class A shares excluded from computations of diluted net earnings per share	239,707	488,932	603,356	353,752

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Apr. 30, 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	$ 20,169	$ 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	724	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	$ 252	$ 777

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Derivative [Line Items]
Derivative, Notional Amount	$ 9,645	$ 27,707
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	6,150	24,600
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 3,495	$ 3,107

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gain (loss) recognized in other comprehensive income (loss)	$ 118	$ (1,751)	$ 1,266	$ (1,192)
Gains reclassified from OCI into cost of goods sold	$ 292	$ 293	$ 21	$ 779

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 724	$ 594
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	252	777
Designated as Hedging Instrument [Member] | Unrealized (loss) gain on cash flow hedges | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	724	588
Designated as Hedging Instrument [Member] | Unrealized (loss) gain on cash flow hedges | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	242	761
Not designated as hedging Instruments [Member] | Unrealized (loss) gain on cash flow hedges | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	6
Not designated as hedging Instruments [Member] | Unrealized (loss) gain on cash flow hedges | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 10	$ 16

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2021	Jul. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Maturities	18 months
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 860	$ (385)

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		9 Months Ended
	Apr. 30, 2021Rate	Apr. 30, 2020Rate	Apr. 30, 2021Rate	Apr. 30, 2020Rate
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective Income Tax Rate Reconciliation, Percent	21.40%	38.50%	20.90%	20.20%

Subsequent Events (Detail)

Subsequent Events (Detail) - Subsequent Event [Member]	Jul. 30, 2021	Jul. 09, 2021	May 19, 2021EUR (€)€ / shares	May 19, 2021USD ($)$ / shares
Subsequent Event [Line Items]
Dividends Payable, Date Declared			May 19, 2021
Dividend declared (USD per share) | $ / shares				$ 0.22
Dividends Payable, Date to be Paid	Jul. 30, 2021
Dividends Payable, Date of Record		Jul. 9, 2021
Percentage of Outstanding Shares Validly Tendered			9290.00%	9290.00%
Tender Offer Price | € / shares			€ 3.30
Total Equity Purchase Price			€ 8,100,000	$ 9,900,000
Assumption of Debt Amount | $				$ 3,000,000