Brady (BRC) 10-Q 18 Nov 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Oct. 31, 2021	Nov. 16, 2021
Entity Information [Line Items]
Document Type	10-Q
Entity Registrant Name	BRADY CORP
Document Quarterly Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Trading Symbol	BRC
Entity File Number	1-14959
Entity Interactive Data Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Tax Identification Number	39-0178960
Entity Address, Address Line One	6555 West Good Hope Road,
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53223
Entity Incorporation, State or Country Code	WI
City Area Code	Milwaukee,
City Area Code	414
Local Phone Number	358-6600
Document Period End Date	Oct. 31, 2021
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000746598
Current Fiscal Year End Date	--07-31
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,292,661
Class B Voting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 157,553	$ 147,335
Accounts receivable, net of allowance for credit losses of $7,265 and $7,306, respectively	182,791	170,579
Inventories	152,295	136,107
Prepaid expenses and other current assets	12,452	11,083
Total current assets	505,091	465,104
Assets, Noncurrent [Abstract]
Property, plant and equipment—net	128,618	121,741
Goodwill	610,836	614,137
Other intangible assets	88,219	92,334
Deferred income taxes	16,377	16,343
Operating lease assets	36,655	41,880
Other assets	24,682	26,217
Total	1,410,478	1,377,756
Current liabilities:
Accounts payable	79,497	82,152
Accrued compensation and benefits	89,283	81,173
Taxes, other than income taxes	13,061	13,054
Accrued income taxes	5,593	3,915
Current operating lease liabilities	17,129	17,667
Other current liabilities	61,930	59,623
Total current liabilities	266,493	257,584
Long-term Line of Credit, Noncurrent	67,000	38,000
Long-term operating lease liabilities	23,434	28,347
Other liabilities	89,658	90,797
Total liabilities	446,585	414,728
Stockholders’ equity:
Additional paid-in capital	340,182	339,125
Retained earnings	811,820	788,369
Treasury stock—3,003,895 and 2,733,242 shares, respectively, of Class A nonvoting common stock, at cost	(127,986)	(109,061)
Accumulated other comprehensive loss	(60,671)	(55,953)
Total stockholders’ equity	963,893	963,028
Total	1,410,478	1,377,756
Class A nonvoting common stock
Stockholders’ equity:
Common Stock, Value, Issued	513	513
Class B Voting Common Stock
Stockholders’ equity:
Common Stock, Value, Issued	$ 35	$ 35

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current	$ 7,265	$ 7,306
Common stock, shares issued	51,261,487
Class A nonvoting common stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,257,592	48,528,245
Treasury stock, shares	3,003,895	2,733,242	3,003,895
Class B Voting Common Stock
Common stock, shares issued	3,538,628	3,538,628
Common stock, shares outstanding	3,538,628

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Net sales	$ 321,475	$ 277,227
Cost of goods sold	166,487	141,799
Gross margin	154,988	135,428
Operating expenses:
Research and development	13,907	10,203
Selling, general and administrative	96,746	83,037
Total operating expenses	110,653	93,240
Operating income	44,335	42,188
Other income (expense):
Investment and other income	543	155
Interest expense	(182)	(106)
Income before income taxes and losses of unconsolidated affiliate	44,696	42,237
Income tax expense	9,650	8,582
Income (Loss) From Continuing Operations Before Income (Loss) From Equity Method Investments	35,046	33,655
Income (Loss) from Equity Method Investments	0	(174)
Net income	$ 35,046	$ 33,481
Weighted average common shares outstanding:
Weighted average common shares outstanding, basic (in thousands):	51,973	52,021
Weighted average common shares outstanding, diluted (in thousands):	52,436	52,292
Class A Nonvoting Common Stock
Earnings Per Share
Net income per share, basic	$ 0.67	$ 0.64
Net income per share, diluted	0.67	0.64
Class B Voting Common Stock
Earnings Per Share
Net income per share, basic	0.66	0.63
Net income per share, diluted	$ 0.65	$ 0.62

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 35,046	$ 33,481
Other comprehensive loss:
Foreign currency translation adjustments	(3,918)	(4,192)
Cash flow hedges:
Net (loss) gain recognized in other comprehensive loss	(26)	697
Reclassification adjustment for (gains) losses included in net income	568	(211)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax	(594)	908
Pension and other post-retirement benefits:
Pension and other post-retirement benefits actuarial gain amortization	(107)	(106)
Other comprehensive loss, before tax	(4,619)	(3,390)
Income tax (expense) benefit related to items of other comprehensive loss	(99)	199
Other comprehensive loss, net of tax	(4,718)	(3,191)
Comprehensive income	$ 30,328	$ 30,290

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A Nonvoting Common Stock	Class B Voting Common Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsClass A Nonvoting Common Stock	Retained EarningsClass B Voting Common Stock	Treasury Stock	AOCI Attributable to Parent
Beginning Balances at Jul. 31, 2020	$ 863,072			$ 548	$ 331,761	$ 704,456			$ (107,216)	$ (66,477)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,481					33,481
Other Comprehensive Income (Loss), Net of Tax	(3,191)									(3,191)
Issuance of shares of Class A Common Stock under stock plan	2,456				3,246				790
Tax benefit and withholdings from deferred compensation distributions	32				32
Stock-based compensation expense	3,574				3,574
Repurchase of shares of Class A Common Stock	(2,720)								2,720
Dividends, Common Stock, Cash		$ 10,671	$ 720				$ 10,671	$ 720
Ending Balances at Oct. 31, 2020	880,401			548	332,121	726,546			(109,146)	(69,668)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Dividends, Per Share, Declared							$ 0.2200	$ 0.2034
Beginning Balances at Jul. 31, 2021	963,028			548	339,125	788,369			(109,061)	(55,953)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	35,046
Other Comprehensive Income (Loss), Net of Tax	(4,718)									(4,718)
Issuance of shares of Class A Common Stock under stock plan	3,188				3,187				(1)
Tax benefit and withholdings from deferred compensation distributions	115				115
Stock-based compensation expense	4,129				4,129
Repurchase of shares of Class A Common Stock	(18,924)								18,924
Dividends, Common Stock, Cash		$ 10,858	$ 737				$ 10,858	$ 737
Ending Balances at Oct. 31, 2021	$ 963,893			$ 548	$ 340,182	$ 811,820			$ (127,986)	$ (60,671)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Dividends, Per Share, Declared							$ 0.2250	$ 0.2084

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Operating activities:
Net income	$ 35,046	$ 33,481
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,509	5,635
Stock-based compensation expense	4,129	3,574
Deferred income taxes	(625)	(1,175)
Equity in losses of unconsolidated affiliate	0	174
Other	(187)	(266)
Changes in operating assets and liabilities:
Accounts receivable	(13,302)	(11,371)
Inventories	(16,579)	14,758
Prepaid expenses and other assets	(655)	(1,398)
Accounts payable and accrued liabilities	9,499	17,363
Income taxes	1,656	2,063
Net cash provided by operating activities	27,491	62,838
Investing activities:
Purchases of property, plant and equipment	(11,328)	(9,321)
Other	2	119
Net cash used in investing activities	(11,326)	(9,202)
Financing activities:
Payment of dividends	(11,595)	(11,391)
Proceeds from exercise of stock options	151	160
Payments for employee taxes withheld from stock-based awards	(3,339)	(2,617)
Purchase of treasury stock	(18,924)	(2,720)
Proceeds from borrowing on credit facilities	56,200	12,971
Repayment of borrowing on credit facilities	(27,200)	(12,988)
Other	115	34
Net cash used in financing activities	(4,592)	(16,551)
Effect of exchange rate changes on cash and cash equivalents	(1,355)	1,605
Net increase in cash and cash equivalents	10,218	38,690
Cash and cash equivalents, beginning of period	147,335	217,643
Cash and cash equivalents, end of period	$ 157,553	$ 256,333

Basis of Presentation (Notes)

Basis of Presentation (Notes)	3 Months Ended
	Oct. 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 October 31, 2021 and July 31, 2021, its results of operations and comprehensive income for the three months ended October 31, 2021 and 2020, and cash flows for the three months ended October 31, 2021 and 2020. The condensed consolidated balance sheet as of July 31, 2021, 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, 2021.

New Accounting Pronouncements (

New Accounting Pronouncements (Notes)	3 Months Ended
	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Adopted Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued ASU 2019-12, "Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)." This 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. The Company adopted ASC 2019-12 effective August 1, 2021, which did not have a material impact on its consolidated financial statements or disclosures. Standards not yet adopted 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, this guidance provides optional expedients and exceptions to applying contract modification accounting under existing U.S. GAAP, to address the expected phase out of the London Inter-bank Offered Rate ("LIBOR") by the end of 2021. This guidance is effective upon issuance and allows application to contract changes as early as January 1, 2020. The Company does not expect a material impact to the financial statements or disclosures from the adoption of this standard.

Additional Balance Sheet Disclo

Additional Balance Sheet Disclosures (Notes)	3 Months Ended
	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Balance Sheet Information	Additional Balance Sheet Information Inventories Inventories as of October 31, 2021 and July 31, 2021, consisted of the following: October 31, 2021 July 31, 2021 Finished products $ 96,034 $ 87,489 Work-in-process 22,099 20,189 Raw materials and supplies 34,162 28,429 Total inventories $ 152,295 $ 136,107 Property, plant and equipment

Other Intangible Assets (Notes)

Other Intangible Assets (Notes)	3 Months Ended
	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Other Intangible Assets Other intangible assets as of October 31, 2021 and July 31, 2021, consisted of the following: October 31, 2021 July 31, 2021 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Amortized other intangible assets: Tradenames 3 $ 1,814 $ (530) $ 1,284 3 $ 1,821 $ (356) $ 1,465 Customer relationships 9 110,615 (42,152) 68,463 9 110,950 (39,069) 71,881 Technology 5 9,533 (832) 8,701 5 9,578 (335) 9,243 Unamortized other intangible assets: Tradenames N/A 9,771 — 9,771 N/A 9,745 — 9,745 Total $ 131,733 $ (43,514) $ 88,219 $ 132,094 $ (39,760) $ 92,334 The change in the gross carrying amount of other intangible assets as of October 31, 2021 compared to July 31, 2021 was due to the effect of currency fluctuations during the three-month period. Amortization expense on intangible assets was $3,807 and $1,351 for the three months ended October 31, 2021 and 2020, respectively.

Leases (Notes)

Leases (Notes)	3 Months Ended
	Oct. 31, 2021
Leases [Abstract]
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 October 31, 2021, the Company did not have any finance leases. Operating lease expense was $4,765 and $4,073 for the three months ended October 31, 2021 and 2020, respectively, which was recognized in either "Cost of goods sold" or "Selling, general and administrative" expenses in the condensed consolidated statements of income, based on the nature of the lease. Short-term lease expense, variable lease expenses, and sublease income was immaterial to the condensed consolidated statements of income for the three months ended October 31, 2021 and 2020. Supplemental cash flow information related to the Company's operating leases for the three months ended October 31, 2021 and 2020 , was as follows: Three months ended October 31, 2021 2020 Operating cash flows from operating leases $ 4,999 $ 4,297 Operating lease assets obtained in exchange for new operating lease liabilities (1) (868) 2,936 (1) During the three months ended October 31, 2021, the Company purchased two buildings which were previously leased. This resulted in an overall decrease in operating lease assets obtained in exchange for lease liabilities for the period as the remaining lease assets and liabilities were removed from the condensed consolidated balance sheets.

Stockholders' Equity (Notes)

Stockholders' Equity (Notes)	3 Months Ended
	Oct. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Incentive Stock Plans The Company has an incentive stock plan under which the Board of Directors may grant nonqualified stock options to purchase shares of Class A Nonvoting Common Stock, restricted stock units ("RSUs"), performance-based restricted stock units ("PRSUs"), or restricted and unrestricted shares of Class A Nonvoting Common Stock to employees and non-employee directors. Certain awards may be subject to pre-established performance goals. The majority of the Company’s annual share-based awards are granted in the first quarter of the fiscal year. Total stock-based compensation expense recognized during the three months ended October 31, 2021 and 2020 was $4,129 and $3,574, respectively. The total income tax benefit recognized in the condensed consolidated statements of income was $199 and $274 during the three months ended October 31, 2021 and 2020, respectively. As of October 31, 2021, total unrecognized compensation cost related to share-based awards was $12,919 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 1.7 years. Stock Options The stock options issued under the plan have an exercise price equal to the fair market value of the underlying stock at the date of grant and generally vest ratably over three years, with one-third becoming exercisable one year after the grant date and one-third additional in each of the succeeding two years. Options issued under the plan, referred to herein as “time-based” options, generally expire ten years from the date of grant. The Company has estimated the fair value of its time-based option awards granted during the three months ended October 31, 2021 and 2020, using the Black-Scholes option valuation model. The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table: Three months ended October 31, Black-Scholes Option Valuation Assumptions 2021 2020 Expected term (in years) 6.14 6.21 Expected volatility 29.98 % 30.71 % Expected dividend yield 2.29 % 2.49 % Risk-free interest rate 0.96 % 0.38 % The following is a summary of stock option activity for the three months ended October 31, 2021: Time-Based Options Options Outstanding Weighted Average Exercise Price Weighted Average Aggregate Outstanding at July 31, 2021 1,474,068 $ 38.45 New grants 241,297 49.79 Exercised (14,652) 29.30 Forfeited or expired — — Outstanding at October 31, 2021 1,700,713 $ 40.14 6.8 $ 19,961 Exercisable at October 31, 2021 1,189,747 $ 37.30 5.8 $ 17,317 The total fair value of stock options vested during the three months ended October 31, 2021 and 2020 was $2,446 and $2,371, respectively. The weighted-average grant date fair value of options granted during the three months ended October 31, 2021 and 2020 was $11.29 and $8.65, respectively. The total intrinsic value of stock options exercised during the three months ended October 31, 2021 and 2020, based upon the average market price at the time of exercise during the period, was $319 and $373, respectively. The cash received from the exercise of stock options during the three months ended October 31, 2021 and 2020 was $151 and $160, respectively. The tax benefit from the exercise of stock options during the three months ended October 31, 2021 and 2020 was $80 and $93, respectively. RSUs RSUs issued under the plan have a grant date fair value equal to the fair market value of the underlying stock at the date of grant and generally vest ratably over three years, with one-third vesting one year after the grant date and one-third additional in each of the succeeding two years. The following is a summary of RSU activity for the three months ended October 31, 2021: Number of Shares Weighted Average Grant Date Fair Value Non-vested RSUs as of July 31, 2021 156,466 $ 45.40 Granted 60,876 49.85 Vested (67,116) 45.49 Forfeited — — Non-vested RSUs as of October 31, 2021 150,226 $ 47.17 The RSUs granted during the three months ended October 31, 2020 had a weighted-average grant date fair value of $39.92. The total fair value of RSUs vested during three months ended October 31, 2021 and 2020 was $3,380 and $2,572, respectively. PRSUs PRSUs are contingent on the achievement of predetermined market and performance targets. The PRSUs granted under the plan vest at the end of a three The following is a summary of PRSU activity for the three months ended October 31, 2021: Number of Shares Weighted Average Grant Date Fair Value Non-vested PRSUs as of July 31, 2021 119,281 $ 61.05 Granted (1) 76,743 61.76 Vested (1) (76,885) 50.70 Forfeited — — Non-vested PRSUs as of October 31, 2021 119,139 $ 65.18 (1) Includes 44,350 shares granted and vested during the three months ended October 31, 2021, resulting from the payout of PRSUs granted in fiscal year 2019 due to achievement of performance metrics exceeding the target payout. The PRSUs granted during the three months ended October 31, 2020 had a weighted-average grant date fair value of $60.73. The total fair value of PRSUs vested during three months ended October 31, 2021 and 2020 was $4,098 and $3,272, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Notes)	3 Months Ended
	Oct. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Other comprehensive loss consists of foreign currency translation adjustments which includes the settlements of net investment hedges, unrealized gains and losses from cash flow hedges and the unamortized gain on post-retirement plans, net of their related tax effects. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the three months ended October 31, 2021: Unrealized gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2021 $ 729 $ 1,888 $ (58,570) $ (55,953) Other comprehensive loss before reclassification (273) — (3,913) (4,186) Amounts reclassified from accumulated other comprehensive loss (425) (107) — (532) Ending balance, October 31, 2021 $ 31 $ 1,781 $ (62,483) $ (60,671) The increase in accumulated other comprehensive loss as of October 31, 2021, compared to July 31, 2021, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the three-month period. The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2020, were as follows: Unrealized (loss) gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 701 — (4,185) (3,484) Amounts reclassified from accumulated other comprehensive loss 159 134 — 293 Ending balance, October 31, 2020 $ 660 $ 2,315 $ (72,643) $ (69,668) The increase in the accumulated other comprehensive loss as of October 31, 2020, compared to July 31, 2020, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the three-month period. Of the amounts reclassified from accumulated other comprehensive loss during the three months ended October 31, 2021 and 2020, unrealized gains (losses) on cash flow hedges were reclassified to "Cost of goods sold" and unamortized gains on post-retirement plans was reclassified into "Investment and other income" on the condensed consolidated statements of income. The following table illustrates the income tax (expense) benefit on the components of other comprehensive loss for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Income tax (expense) benefit related to items of other comprehensive loss: Cash flow hedges $ (104) $ (48) Pension and other post-retirement benefits — 240 Other income tax adjustments and currency translation 5 7 Income tax (expense) benefit related to items of other comprehensive loss $ (99) $ 199

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
	Oct. 31, 2021
Revenue Recognition [Abstract]
Revenue Recognition	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 $2,589 and $2,519 as of October 31, 2021 and July 31, 2021, 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 $289 and $297 during the three months ended October 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 October 31, 2021, the Company expects to recognize 32% by the end of fiscal 2022, an additional 31% by the end of fiscal 2023, and the remaining balance thereafter.

Segment Information (Notes)

Segment Information (Notes)	3 Months Ended
	Oct. 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 months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Net sales: ID Solutions Americas $ 164,910 $ 133,267 Europe 56,889 42,582 Asia 26,818 22,343 Total $ 248,617 $ 198,192 Workplace Safety Americas $ 21,142 $ 24,031 Europe 38,022 41,266 Australia 13,694 13,738 Total $ 72,858 $ 79,035 Total Company Americas $ 186,052 $ 157,298 Europe 94,911 83,848 Asia-Pacific 40,512 36,081 Total $ 321,475 $ 277,227 The following is a summary of segment profit for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Segment profit: ID Solutions $ 48,816 $ 40,279 Workplace Safety 2,293 7,988 Total Company $ 51,109 $ 48,267 The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Total profit from reportable segments $ 51,109 $ 48,267 Unallocated amounts: Administrative costs (6,774) (6,079) Investment and other income 543 155 Interest expense (182) (106) Income before income taxes and losses of unconsolidated affiliate $ 44,696 $ 42,237

Net Income per Common Share (No

Net Income per Common Share (Notes)	3 Months Ended
	Oct. 31, 2021
Earnings Per Share [Abstract]
Net Income per Common Share	Net Income per Common Share Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows: Three months ended October 31, 2021 2020 Numerator (in thousands): Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 35,046 $ 33,481 Less: Preferential dividends (803) (808) Preferential dividends on dilutive stock options (8) (4) Numerator for basic and diluted income per Class B Voting Common Share $ 34,235 $ 32,669 Denominator (in thousands): Denominator for basic income per share for both Class A and Class B 51,973 52,021 Plus: Effect of dilutive equity awards 463 271 Denominator for diluted income per share for both Class A and Class B 52,436 52,292 Net income per Class A Nonvoting Common Share: Basic $ 0.67 $ 0.64 Diluted $ 0.67 $ 0.64 Net income per Class B Voting Common Share: Basic $ 0.66 $ 0.63 Diluted $ 0.65 $ 0.62 Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value were greater than the average market price of the Company's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 479,602 and 740,745 for the three months ended October 31, 2021 and 2020, respectively.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	3 Months Ended
	Oct. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with fair value accounting guidance, the Company determines fair value based on the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The inputs used to measure fair value are classified into the following hierarchy: Level 1 — Unadjusted quoted prices in active markets for identical instruments that are accessible as of the reporting date. Level 2 — Other significant pricing inputs that are either directly or indirectly observable. Level 3 — Significant unobservable pricing inputs, which result in the use of management's own assumptions. The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at October 31, 2021 and July 31, 2021: October 31, 2021 July 31, 2021 Fair Value Hierarchy Assets: Trading securities $ 18,543 $ 20,135 Level 1 Foreign exchange contracts 141 150 Level 2 Liabilities: Foreign exchange contracts 124 51 Level 2 The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Trading securities: The Company’s deferred compensation investments consist of investments in mutual funds, which are included in "Other assets" on the condensed consolidated balance sheets. These investments were classified as Level 1 as the shares of these investments trade with sufficient frequency and volume to enable us to obtain pricing information on an ongoing basis. Foreign exchange contracts: The Company’s foreign exchange contracts were classified as Level 2 as the fair value was based on the present value of the future cash flows using external models that use observable inputs, such as interest rates, yield curves and foreign exchange rates. See Note L, “Derivatives and Hedging Activities,” for additional information. The fair values of cash and cash equivalents, accounts receivable, accounts payable, and other liabilities approximated carrying values due to their short-term nature.

Derivatives and Hedging Activit

Derivatives and Hedging Activities (Notes)	3 Months Ended
	Oct. 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 on a future date, with maturities of less than 18 months, which qualify as cash flow hedges or net investment hedges under the accounting guidance for derivative instruments and hedging activities. The primary objective of the Company’s foreign currency exchange risk management program is to minimize the impact of currency movements due to transactions in other than the respective subsidiaries’ functional currency and to minimize the impact of currency movements on the Company’s net investment denominated in a currency other than the U.S. dollar. To achieve this objective, the Company hedges a portion of known exposures using forward foreign exchange currency contracts. Main foreign currency exposures are related to transactions denominated in the British Pound, Euro, Canadian dollar, Australian dollar, Mexican Peso, Chinese Yuan, Malaysian Ringgit and Singapore dollar. Generally, these risk management transactions will involve the use of foreign currency derivatives to minimize the impact of currency movements on non-functional currency transactions. The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows: October 31, 2021 July 31, 2021 Designated as cash flow hedges $ 23,052 $ 30,724 Non-designated hedges 3,521 3,580 Total foreign exchange contracts $ 26,573 $ 34,304 Cash Flow Hedges The Company has designated a portion of its forward foreign exchange contracts as cash flow hedges and recorded these contracts at fair value on the condensed consolidated balance sheets. For these instruments, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income ("OCI") and reclassified into income in the same period or periods during which the hedged transaction affects income. As of October 31, 2021 and July 31, 2021, unrealized gains of $73 and $770 have been included in OCI, respectively. The following table summarizes the amount of pre-tax gains and losses related to foreign exchange contracts designated as cash flow hedging instruments: Three months ended October 31, 2021 2020 (Losses) gains recognized in OCI $ (26) $ 697 Gains (losses) reclassified from OCI into cost of goods sold 568 (211) Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: October 31, 2021 July 31, 2021 Prepaid expenses and Other current liabilities Prepaid expenses and Other current liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 141 $ 104 $ 150 $ 51 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 20 — — Total derivative instruments $ 141 $ 124 $ 150 $ 51

Income Taxes (Notes)

Income Taxes (Notes)	3 Months Ended
	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe income tax rate for the three months ended October 31, 2021 and 2020 was 21.6% and 20.3%, respectively. The income tax rate for the three months ended October 31, 2021 was slightly higher than the expected income tax rate primarily due to a reduction in tax benefits from stock-based compensation compared to the three months ended October 31, 2020. The Company expects its ongoing annual income tax rate to be approximately 20% based on its current global business mix.

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	Oct. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn November 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 $0.225 per share payable on January 31, 2022, to shareholders of record at the close of business on January 10, 2022.

Additional Balance Sheet Disc_2

Additional Balance Sheet Disclosures (Tables)	3 Months Ended
	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Inventories as of October 31, 2021 and July 31, 2021, consisted of the following: October 31, 2021 July 31, 2021 Finished products $ 96,034 $ 87,489 Work-in-process 22,099 20,189 Raw materials and supplies 34,162 28,429 Total inventories $ 152,295 $ 136,107

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets as of October 31, 2021 and July 31, 2021, consisted of the following: October 31, 2021 July 31, 2021 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Amortized other intangible assets: Tradenames 3 $ 1,814 $ (530) $ 1,284 3 $ 1,821 $ (356) $ 1,465 Customer relationships 9 110,615 (42,152) 68,463 9 110,950 (39,069) 71,881 Technology 5 9,533 (832) 8,701 5 9,578 (335) 9,243 Unamortized other intangible assets: Tradenames N/A 9,771 — 9,771 N/A 9,745 — 9,745 Total $ 131,733 $ (43,514) $ 88,219 $ 132,094 $ (39,760) $ 92,334

Leases (Tables)

Leases (Tables)	3 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Schedule of Cash Flow, Supplemental Lease Disclosures	Supplemental cash flow information related to the Company's operating leases for the three months ended October 31, 2021 and 2020 , was as follows: Three months ended October 31, 2021 2020 Operating cash flows from operating leases $ 4,999 $ 4,297 Operating lease assets obtained in exchange for new operating lease liabilities (1) (868) 2,936

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Oct. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of Weighted-Average Assumptions to Estimate Option Grant Date Fair Values	The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table: Three months ended October 31, Black-Scholes Option Valuation Assumptions 2021 2020 Expected term (in years) 6.14 6.21 Expected volatility 29.98 % 30.71 % Expected dividend yield 2.29 % 2.49 % Risk-free interest rate 0.96 % 0.38 %
Schedule of Stock Option Activity	The following is a summary of stock option activity for the three months ended October 31, 2021: Time-Based Options Options Outstanding Weighted Average Exercise Price Weighted Average Aggregate Outstanding at July 31, 2021 1,474,068 $ 38.45 New grants 241,297 49.79 Exercised (14,652) 29.30 Forfeited or expired — — Outstanding at October 31, 2021 1,700,713 $ 40.14 6.8 $ 19,961 Exercisable at October 31, 2021 1,189,747 $ 37.30 5.8 $ 17,317
Schedule of RSU Activity	The following is a summary of RSU activity for the three months ended October 31, 2021: Number of Shares Weighted Average Grant Date Fair Value Non-vested RSUs as of July 31, 2021 156,466 $ 45.40 Granted 60,876 49.85 Vested (67,116) 45.49 Forfeited — — Non-vested RSUs as of October 31, 2021 150,226 $ 47.17
Schedule of PRSU Activity	The following is a summary of PRSU activity for the three months ended October 31, 2021: Number of Shares Weighted Average Grant Date Fair Value Non-vested PRSUs as of July 31, 2021 119,281 $ 61.05 Granted (1) 76,743 61.76 Vested (1) (76,885) 50.70 Forfeited — — Non-vested PRSUs as of October 31, 2021 119,139 $ 65.18 (1) Includes 44,350 shares granted and vested during the three months ended October 31, 2021, resulting from the payout of PRSUs granted in fiscal year 2019 due to achievement of performance metrics exceeding the target payout.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the three months ended October 31, 2021: Unrealized gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2021 $ 729 $ 1,888 $ (58,570) $ (55,953) Other comprehensive loss before reclassification (273) — (3,913) (4,186) Amounts reclassified from accumulated other comprehensive loss (425) (107) — (532) Ending balance, October 31, 2021 $ 31 $ 1,781 $ (62,483) $ (60,671)	The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2020, were as follows: Unrealized (loss) gain on Unamortized gain on post-retirement plans Foreign currency Accumulated other Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 701 — (4,185) (3,484) Amounts reclassified from accumulated other comprehensive loss 159 134 — 293 Ending balance, October 31, 2020 $ 660 $ 2,315 $ (72,643) $ (69,668)
Schedule of Income Tax Benefit on the Components of Other Comprehensive Loss	The following table illustrates the income tax (expense) benefit on the components of other comprehensive loss for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Income tax (expense) benefit related to items of other comprehensive loss: Cash flow hedges $ (104) $ (48) Pension and other post-retirement benefits — 240 Other income tax adjustments and currency translation 5 7 Income tax (expense) benefit related to items of other comprehensive loss $ (99) $ 199

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Oct. 31, 2021
Segment Reporting [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	The following is a summary of net sales by segment and geographic region for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Net sales: ID Solutions Americas $ 164,910 $ 133,267 Europe 56,889 42,582 Asia 26,818 22,343 Total $ 248,617 $ 198,192 Workplace Safety Americas $ 21,142 $ 24,031 Europe 38,022 41,266 Australia 13,694 13,738 Total $ 72,858 $ 79,035 Total Company Americas $ 186,052 $ 157,298 Europe 94,911 83,848 Asia-Pacific 40,512 36,081 Total $ 321,475 $ 277,227
Schedule of Segment Reporting Information by Segment	The following is a summary of segment profit for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Segment profit: ID Solutions $ 48,816 $ 40,279 Workplace Safety 2,293 7,988 Total Company $ 51,109 $ 48,267
Reconciliation of Segment Profit	The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three months ended October 31, 2021 and 2020: Three months ended October 31, 2021 2020 Total profit from reportable segments $ 51,109 $ 48,267 Unallocated amounts: Administrative costs (6,774) (6,079) Investment and other income 543 155 Interest expense (182) (106) Income before income taxes and losses of unconsolidated affiliate $ 44,696 $ 42,237

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Oct. 31, 2021
Earnings Per Share [Abstract]
Schedule of the Reconciliation for the Numerator and Denominator of Basic and Diluted Per Share	Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows: Three months ended October 31, 2021 2020 Numerator (in thousands): Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 35,046 $ 33,481 Less: Preferential dividends (803) (808) Preferential dividends on dilutive stock options (8) (4) Numerator for basic and diluted income per Class B Voting Common Share $ 34,235 $ 32,669 Denominator (in thousands): Denominator for basic income per share for both Class A and Class B 51,973 52,021 Plus: Effect of dilutive equity awards 463 271 Denominator for diluted income per share for both Class A and Class B 52,436 52,292 Net income per Class A Nonvoting Common Share: Basic $ 0.67 $ 0.64 Diluted $ 0.67 $ 0.64 Net income per Class B Voting Common Share: Basic $ 0.66 $ 0.63 Diluted $ 0.65 $ 0.62

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis	The following table summarizes the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis at October 31, 2021 and July 31, 2021: October 31, 2021 July 31, 2021 Fair Value Hierarchy Assets: Trading securities $ 18,543 $ 20,135 Level 1 Foreign exchange contracts 141 150 Level 2 Liabilities: Foreign exchange contracts 124 51 Level 2

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Forward Exchange Contracts	The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows: October 31, 2021 July 31, 2021 Designated as cash flow hedges $ 23,052 $ 30,724 Non-designated hedges 3,521 3,580 Total foreign exchange contracts $ 26,573 $ 34,304
Schedule of Derivative Instruments, Effect on Other Comprehensive 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 October 31, 2021 2020 (Losses) gains recognized in OCI $ (26) $ 697 Gains (losses) reclassified from OCI into cost of goods sold 568 (211)
Schedule of Fair Values of Derivative Instruments in the Condensed Consolidated Balance Sheets	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: October 31, 2021 July 31, 2021 Prepaid expenses and Other current liabilities Prepaid expenses and Other current liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 141 $ 104 $ 150 $ 51 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 20 — — Total derivative instruments $ 141 $ 124 $ 150 $ 51

Additional Balance Sheet Disc_3

Additional Balance Sheet Disclosures - Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Inventory Disclosure [Abstract]
Finished products	$ 96,034	$ 87,489
Work-in-process	22,099	20,189
Raw materials and supplies	34,162	28,429
Total inventories	$ 152,295	$ 136,107

Additional Balance Sheet Disc_4

Additional Balance Sheet Disclosures - Accumulated Depreciation (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Property, Plant and Equipment, Gross [Abstract]
Accumulated Depreciation of PPE	$ (280,696)	$ (277,246)

Other Intangible Assets (Detail

Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Oct. 31, 2021	Jul. 31, 2020	Jul. 31, 2021
Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 131,733		$ 132,094
Accumulated Amortization	(43,514)		(39,760)
Net Book Value	88,219		92,334
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 9,771		9,745
Tradenames [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	3 years	3 years
Finite-Lived Intangible Assets, Gross	$ 1,814		1,821
Accumulated Amortization	(530)		(356)
Finite-Lived Intangible Assets, Net	$ 1,284		1,465
Customer Relationships [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years	9 years
Finite-Lived Intangible Assets, Gross	$ 110,615		110,950
Accumulated Amortization	(42,152)		(39,069)
Finite-Lived Intangible Assets, Net	$ 68,463		71,881
Technology [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years	5 years
Finite-Lived Intangible Assets, Gross	$ 9,533		9,578
Accumulated Amortization	(832)		(335)
Finite-Lived Intangible Assets, Net	$ 8,701		$ 9,243

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 3,807	$ 1,351

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Leases [Abstract]
Operating Lease, Cost	$ 4,765	$ 4,073
Operating Lease, Payments	4,999	4,297
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ (868)	$ 2,936

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 4,129	$ 3,574
Share-based Payment Arrangement, Expense, Tax Benefit	199	274
Unrealized compensation cost related to share-based compensation, pre tax	$ 12,919
Weighted average period remaining	1 year 8 months 12 days
Proceeds from exercise of stock options	$ 151	160
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Fair value of options vested	$ 2,446	$ 2,371
Weighted-average fair value of options granted during the period	$ 11.29	$ 8.65
Options, Exercises in Period, Intrinsic Value	$ 319	$ 373
Proceeds from exercise of stock options	151	160
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	$ 80	$ 93
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, PRSU, Grants and Vestings in Period	44,350

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Assumptions (Detail) - Stock Option [Member]	3 Months Ended
	Oct. 31, 2021Rate	Oct. 31, 2020Rate
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 1 month 20 days	6 years 2 months 15 days
Expected volatility	29.98%	30.71%
Expected dividend yield	2.29%	2.49%
Risk-free interest rate	0.96%	0.38%

Stock-Based Compensation Stock

Stock-Based Compensation Stock Options Outstanding (Details)	3 Months Ended
	Oct. 31, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options Outstanding, Beginning Balance	1,474,068
Options, Grants in Period	241,297
Options, Exercised in Period	(14,652)
Options, Forfeited or expired in Period	0
Options Outstanding, Ending Balance	1,700,713
Options Exercisable	1,189,747

Stock-Based Compensation Stoc_2

Stock-Based Compensation Stock Options Weighted Average Exercise Price (Details)	3 Months Ended
	Oct. 31, 2021$ / shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 38.45
Options, Grants in Period, Weighted Average Exercise Price	49.79
Options, Exercises in Period, Weighted Average Exercise Price	29.30
Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	0
Options Outstanding, Ending Balance, Weighted Average Exercise Price	40.14
Options Exercisable, Weighted Average Exercise Price	$ 37.30

Stock-Based Compensation Stoc_3

Stock-Based Compensation Stock Options - Additional Disclosures (Details) $ in Thousands	3 Months Ended
	Oct. 31, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options, Outstanding, Intrinsic Value	$ 19,961
Options, Exercisable, Intrinsic Value	$ 17,317
Options Outstanding, Weighted Average Remaining Contractual Term	6 years 9 months 18 days
Options Exercisable, Weighted Average Remaining Contractual Term	5 years 9 months 18 days

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of RSU and PRSU Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at July 31, 2021	156,466
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	60,876
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(67,116)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Outstanding at October 31, 2021	150,226
Outstanding at July 31, 2021, Weighted Average Grant Date Fair Value	$ 45.40
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	49.85	$ 39.92
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	45.49
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	0
Outstanding at October 31, 2021, Weighted Average Grant Date Fair Value	$ 47.17
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 3,380	$ 2,572
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at July 31, 2021	119,281
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	76,743
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(76,885)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Outstanding at October 31, 2021	119,139
Outstanding at July 31, 2021, Weighted Average Grant Date Fair Value	$ 61.05
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	61.76	$ 60.73
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	50.70
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	0
Outstanding at October 31, 2021, Weighted Average Grant Date Fair Value	$ 65.18
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 4,098	$ 3,272

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (55,953)	$ (66,477)
Other comprehensive income (loss) before reclassification	(4,186)	(3,484)
Amounts reclassified from accumulated other comprehensive loss	532	(293)
Ending balance	(60,671)	(69,668)
Unrealized gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	729	(200)
Other comprehensive income (loss) before reclassification	(273)	701
Amounts reclassified from accumulated other comprehensive loss	425	(159)
Ending balance	31	660
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,888	2,181
Other comprehensive income (loss) before reclassification	0	0
Amounts reclassified from accumulated other comprehensive loss	107	(134)
Ending balance	1,781	2,315
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(58,570)	(68,458)
Other comprehensive income (loss) before reclassification	(3,913)	(4,185)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	$ (62,483)	$ (72,643)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income, Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ 104	$ 48
Pension and other post-retirement benefits	0	240
Other income tax adjustments and currency translation	5	7
Income tax (expense) benefit related to items of other comprehensive loss	$ (99)	$ 199

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021
Revenue Recognition [Abstract]
Contract with Customer, Liability	$ 2,589,000		$ 2,519,000
Deferred Revenue, Revenue Recognized	$ 289,000	$ 297,000
Remaining Performance Obligations Expected as Revenue During the Remainder of the Current Fiscal Year	32.00%
Remaining Performance Obligations Expected as Revenue Over the Next Full Fiscal Year	31.00%

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 321,475	$ 277,227
Segment Profit	51,109	48,267
ID Solutions
Segment Reporting Information [Line Items]
Net sales	248,617	198,192
Segment Profit	48,816	40,279
Workplace Safety
Segment Reporting Information [Line Items]
Net sales	72,858	79,035
Segment Profit	2,293	7,988
Americas
Segment Reporting Information [Line Items]
Net sales	186,052	157,298
Americas | ID Solutions
Segment Reporting Information [Line Items]
Net sales	164,910	133,267
Americas | Workplace Safety
Segment Reporting Information [Line Items]
Net sales	21,142	24,031
Europe
Segment Reporting Information [Line Items]
Net sales	94,911	83,848
Europe | ID Solutions
Segment Reporting Information [Line Items]
Net sales	56,889	42,582
Europe | Workplace Safety
Segment Reporting Information [Line Items]
Net sales	38,022	41,266
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	40,512	36,081
Asia-Pacific | ID Solutions
Segment Reporting Information [Line Items]
Net sales	26,818	22,343
Asia-Pacific | Workplace Safety
Segment Reporting Information [Line Items]
Net sales	$ 13,694	$ 13,738

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Segment Reconciliation [Abstract]
Total profit from reportable segments	$ 51,109	$ 48,267
Unallocated amounts:
Administrative costs	(6,774)	(6,079)
Investment and other income	543	155
Interest expense	(182)	(106)
Income before income taxes and losses of unconsolidated affiliate	$ 44,696	$ 42,237

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Earnings Per Share [Line Items]
Net income	$ 35,046	$ 33,481
Denominator for basic income per share for both Class A and Class B	51,973	52,021
Plus: Effect of dilutive equity awards	463	271
Denominator for diluted income per share for both Class A and Class B	52,436	52,292
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Net income per share, basic	$ 0.67	$ 0.64
Net income per share, diluted	$ 0.67	$ 0.64
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ (803)	$ (808)
Preferential dividends on dilutive stock options	(8)	(4)
Net income	$ 34,235	$ 32,669
Net income per share, basic	$ 0.66	$ 0.63
Net income per share, diluted	$ 0.65	$ 0.62

Net Income per Common Share - A

Net Income per Common Share - Additional Information (Detail) - shares	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Earnings Per Share [Abstract]
Anti-dilutive Shares	479,602	740,745

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	$ 18,543	$ 20,135
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	141	150
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	$ 124	$ 51

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Notional Amount of Derivative Contracts (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Derivative [Line Items]
Derivative, Notional Amount	$ 26,573	$ 34,304
Designated as hedging instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	23,052	30,724
Not designated as hedging Instruments [Member
Derivative [Line Items]
Derivative, Notional Amount	$ 3,521	$ 3,580

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities Pre-Tax Gains and Losses related to Foreign Exchange Contracts (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net (loss) gain recognized in other comprehensive loss	$ (26)	$ 697
Gains (losses) reclassified from OCI into cost of goods sold	$ 568	$ (211)

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	$ 141	$ 150
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives Liabilities	124	51
Designated as hedging instruments [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	141	150
Designated as hedging instruments [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives Liabilities	104	51
Not designated as hedging Instruments [Member | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives Assets	0	0
Not designated as hedging Instruments [Member | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives Liabilities	$ 20	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($)	3 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (73,000)	$ (770,000)
Derivative maturity	18 months

Income Taxes Effective Income T

Income Taxes Effective Income Tax Rate (Details)	3 Months Ended
	Oct. 31, 2021Rate	Oct. 31, 2020Rate
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	21.60%	20.30%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] - $ / shares	Jan. 31, 2022	Jan. 10, 2022	Nov. 16, 2021
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share			$ 0.225
Dividends Payable, Date Declared			Nov. 17, 2021
Dividends Payable, Date to be Paid	Jan. 31, 2022
Dividends Payable, Date of Record		Jan. 10, 2022