Brady (BRC) 10-Q 17 Feb 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jan. 31, 2022	Feb. 15, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Transition Report	false
Entity File Number	1-14959
Entity Registrant Name	BRADY CORP
Entity Incorporation, State or Country Code	WI
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000746598
Current Fiscal Year End Date	--07-31
Entity Tax Identification Number	39-0178960
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
Title of 12(b) Security	Class A Nonvoting Common Stock, par value $0.01 per share
Trading Symbol	BRC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Class A Nonvoting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,065,965
Class B Voting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 147,407	$ 147,335
Accounts receivable, net of allowances for credit losses of $7,868 and $7,306, respectively	172,471	170,579
Inventories	167,456	136,107
Prepaid expenses and other current assets	12,681	11,083
Total current assets	500,015	465,104
Assets, Noncurrent [Abstract]
Property, plant and equipment—net	126,551	121,741
Goodwill	601,681	614,137
Other intangible assets	83,608	92,334
Deferred income taxes	15,234	16,343
Operating lease assets	33,710	41,880
Other assets	26,264	26,217
Total	1,387,063	1,377,756
Current liabilities:
Accounts payable	80,611	82,152
Accrued compensation and benefits	56,510	81,173
Taxes, other than income taxes	12,141	13,054
Accrued income taxes	4,783	3,915
Current operating lease liabilities	16,601	17,667
Other current liabilities	56,850	59,623
Total current liabilities	227,496	257,584
Liabilities, Noncurrent [Abstract]
Long-term debt	83,000	38,000
Long-term operating lease liabilities	20,341	28,347
Other liabilities	89,658	90,797
Total liabilities	420,495	414,728
Stockholders’ equity:
Additional paid-in capital	341,889	339,125
Retained earnings	833,981	788,369
Treasury stock—3,018,140 and 2,733,242 shares, respectively, of Class A nonvoting common stock, at cost	(130,911)	(109,061)
Accumulated other comprehensive loss	(78,939)	(55,953)
Total stockholders’ equity	966,568	963,028
Total	1,387,063	1,377,756
Class A Nonvoting Common Stock [Member]
Stockholders’ equity:
Common Stock, Value, Issued	513	513
Class B Voting Common Stock [Member]
Stockholders’ equity:
Common Stock, Value, Issued	$ 35	$ 35

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 7,868	$ 7,306
Class A Nonvoting Common Stock [Member]
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,243,347	48,528,245
Treasury stock, shares	3,018,140	2,733,242
Class B Voting Common Stock [Member]
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		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Net sales	$ 318,055	$ 265,838	$ 639,530	$ 543,065
Cost of goods sold	168,693	136,316	335,180	278,115
Gross margin	149,362	129,522	304,350	264,950
Operating expenses:
Research and development	13,965	9,876	27,872	20,079
Selling, general and administrative	92,525	82,234	189,271	165,271
Total operating expenses	106,490	92,110	217,143	185,350
Operating income	42,872	37,412	87,207	79,600
Other (expense) income:
Investment and other (expense) income	(578)	2,036	(35)	2,191
Interest expense	(252)	(51)	(434)	(157)
Income before income taxes and losses of unconsolidated affiliate	42,042	39,397	86,738	81,634
Income tax expense	8,227	8,206	17,877	16,788
Income before losses of unconsolidated affiliate	33,815	31,191	68,861	64,846
Equity in losses of unconsolidated affiliate	0	(331)	0	(505)
Net income	$ 33,815	$ 30,860	$ 68,861	$ 64,341
Weighted average common shares outstanding:
Basic	51,800	52,018	51,887	52,020
Diluted	52,162	52,282	52,299	52,288
Class A Nonvoting Common Stock [Member]
Earnings Per Share
Basic	$ 0.65	$ 0.59	$ 1.33	$ 1.24
Diluted	0.65	0.59	1.32	1.23
Class B Voting Common Stock [Member]
Earnings Per Share
Basic	0.65	0.59	1.31	1.22
Diluted	$ 0.65	$ 0.59	$ 1.30	$ 1.21

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 33,815	$ 30,860	$ 68,861	$ 64,341
Other comprehensive (loss) income:
Foreign currency translation adjustments	(18,656)	19,074	(22,574)	14,882
Cash flow hedges:
Net gain recognized in other comprehensive (loss) income	225	451	199	1,148
Reclassification adjustment for (gains) losses included in net income	(35)	60	(603)	271
Other Comprehensive Income (Loss), Cash Flow Hedge Gain, after Reclassification, before Tax, Total	190	511	(404)	1,419
Pension and other post-retirement benefits:
Net loss recognized in other comprehensive (loss) income	(85)	(32)	(85)	(32)
Net actuarial gain amortization	(73)	(95)	(180)	(201)
Other Comprehensive (Income) Loss, Pension and other Post-retirement Benefits, after Reclassification Adjustment, before Tax	(158)	(127)	(265)	(233)
Other comprehensive (loss) income, before tax	(18,624)	19,458	(23,243)	16,068
Income tax benefit (expense) related to items of other comprehensive (loss) income	356	(1,251)	257	(1,052)
Other comprehensive (loss) income, net of tax	(18,268)	18,207	(22,986)	15,016
Comprehensive income	$ 15,547	$ 49,067	$ 45,875	$ 79,357

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A Nonvoting Common Stock [Member]	Class B Voting Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]Class A Nonvoting Common Stock [Member]	Retained Earnings [Member]Class B Voting Common Stock [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]
Beginning balance at Jul. 31, 2020	$ 863,072			$ 548	$ 331,761	$ 704,456			$ (107,216)	$ (66,477)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64,341					64,341
Other Comprehensive Income (Loss), Net of Tax	15,016									15,016
Issuance of shares of Class A Common Stock under stock plan	(2,167)				(3,187)				(1,020)
Tax benefit and withholdings from deferred compensation distributions	32				32
Stock-based compensation expense	5,471				5,471
Repurchase of shares of Class A Common Stock	(3,593)								(3,593)
Dividends, Common Stock, Cash		$ (21,338)	$ (1,499)				$ (21,338)	$ (1,499)
Ending balance at Jan. 31, 2021	919,335			548	334,077	745,960			(109,789)	(51,461)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Dividends, Per Share, Declared							$ 0.4400	$ 0.4234
Beginning balance at Oct. 31, 2020	880,401			548	332,121	726,546			(109,146)	(69,668)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	30,860					30,860
Other Comprehensive Income (Loss), Net of Tax	18,207									18,207
Issuance of shares of Class A Common Stock under stock plan	(289)				59				(230)
Stock-based compensation expense	1,897				1,897
Repurchase of shares of Class A Common Stock	(873)								(873)
Dividends, Common Stock, Cash		(10,667)	(779)				$ (10,667)	$ (779)
Ending balance at Jan. 31, 2021	919,335			548	334,077	745,960			(109,789)	(51,461)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Dividends, Per Share, Declared							$ 0.2200	$ 0.2200
Beginning balance at Jul. 31, 2021	963,028			548	339,125	788,369			(109,061)	(55,953)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	68,861					68,861
Other Comprehensive Income (Loss), Net of Tax	(22,986)									(22,986)
Issuance of shares of Class A Common Stock under stock plan	(4,651)				(4,521)				(130)
Tax benefit and withholdings from deferred compensation distributions	115				115
Stock-based compensation expense	7,170				7,170
Repurchase of shares of Class A Common Stock	(21,720)								(21,720)
Dividends, Common Stock, Cash		(21,715)	$ (1,534)				$ (21,715)	$ (1,534)
Ending balance at Jan. 31, 2022	966,568			548	341,889	833,981			(130,911)	(78,939)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Dividends, Per Share, Declared			$ 0.4334				$ 0.4500
Beginning balance at Oct. 31, 2021	963,893			548	340,182	811,820			(127,986)	(60,671)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,815					33,815
Other Comprehensive Income (Loss), Net of Tax	(18,268)									(18,268)
Issuance of shares of Class A Common Stock under stock plan	(1,463)				(1,334)				(129)
Stock-based compensation expense	3,041				3,041
Repurchase of shares of Class A Common Stock	(2,796)								(2,796)
Dividends, Common Stock, Cash		$ (10,857)	$ (797)				$ (10,857)	$ (797)
Ending balance at Jan. 31, 2022	$ 966,568			$ 548	$ 341,889	$ 833,981			$ (130,911)	$ (78,939)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Dividends, Per Share, Declared							$ 0.2250	$ 0.2250

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Operating activities:
Net income	$ 68,861	$ 64,341
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,996	11,421
Stock-based compensation expense	7,170	5,471
Deferred income taxes	(788)	(3,866)
Equity in losses of unconsolidated affiliate	0	505
Other	(812)	121
Changes in operating assets and liabilities:
Accounts receivable	(7,216)	(4,157)
Inventories	(34,360)	15,018
Prepaid expenses and other assets	(1,148)	(2,436)
Accounts payable and accrued liabilities	(25,357)	11,990
Income taxes	982	481
Net cash provided by operating activities	24,328	98,889
Investing activities:
Purchases of property, plant and equipment	(16,440)	(14,511)
Other	59	(1,881)
Net cash used in investing activities	(16,381)	(16,392)
Financing activities:
Payment of dividends	(23,249)	(22,837)
Proceeds from exercise of stock options	374	471
Payments for employee taxes withheld from stock-based awards	(5,025)	(2,638)
Purchase of treasury stock	(21,720)	(3,593)
Proceeds from borrowing on credit facilities	131,216	19,957
Repayment of borrowing on credit facilities	(86,216)	(20,220)
Other	115	32
Net cash used in financing activities	(4,505)	(28,828)
Effect of exchange rate changes on cash	(3,370)	6,276
Net increase in cash and cash equivalents	72	59,945
Cash and cash equivalents, beginning of period	147,335	217,643
Cash and cash equivalents, end of period	$ 147,407	$ 277,588

Basis of Presentation (Notes)

Basis of Presentation (Notes)	6 Months Ended
	Jan. 31, 2022
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 January 31, 2022 and July 31, 2021, its results of operations and comprehensive income for the three and six months ended January 31, 2022 and 2021, and cash flows for the six months ended January 31, 2022 and 2021. 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)	6 Months Ended
	Jan. 31, 2022
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. 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 was effective upon issuance and allowed application to contract changes as early as January 1, 2020. The adoption of this update did not have a material impact on the Company's consolidated financial statements.

Additional Balance Sheet Inform

Additional Balance Sheet Information (Notes)	6 Months Ended
	Jan. 31, 2022
Disclosure Text Block [Abstract]
Additional Balance Sheet Disclosure	Additional Balance Sheet Information Inventories Inventories as of January 31, 2022, and July 31, 2021, consisted of the following: January 31, 2022 July 31, 2021 Finished products $ 102,115 $ 87,489 Work-in-process 25,211 20,189 Raw materials and supplies 40,130 28,429 Total inventories $ 167,456 $ 136,107

Other Intangible Assets (Notes)

Other Intangible Assets (Notes)	6 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure	Other Intangible Assets Other intangible assets as of January 31, 2022 and July 31, 2021, consisted of the following: January 31, 2022 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 $ 1,799 $ (699) $ 1,100 3 $ 1,821 $ (356) $ 1,465 Customer relationships 9 109,830 (45,076) 64,754 9 110,950 (39,069) 71,881 Technology 5 9,430 (1,318) 8,112 5 9,578 (335) 9,243 Unamortized other intangible assets: Tradenames N/A 9,642 — 9,642 N/A 9,745 — 9,745 Total $ 130,701 $ (47,093) $ 83,608 $ 132,094 $ (39,760) $ 92,334 The change in the gross carrying amount of other intangible assets as of January 31, 2022 compared to July 31, 2021 was due to the effect of currency fluctuations during the six-month period. Amortization expense of intangible assets was $3,749 and $1,353 for the three months ended January 31, 2022 and 2021, respectively, and $7,556 and $2,704 for the six months ended January 31, 2022 and 2021, respectively.

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jan. 31, 2022
Leases [Abstract]
Leases Disclosure	Leases The Company leases certain manufacturing facilities, warehouse and office spaces, and vehicles accounted for as operating leases. Lease terms typically range from one year to ten years. As of January 31, 2022, the Company did not have any finance leases. Operating lease expense was $4,087 and $4,169 for the three months ended January 31, 2022 and 2021, respectively, and $8,852 and $8,242 for the six months ended January 31, 2022 and 2021, respectively. Operating lease expense was recognized in either "Cost of goods sold" or "Selling, general and administrative" expenses in the condensed consolidated statements of income, based on the nature of the lease. Short-term lease expense, variable lease expenses, and sublease income was immaterial to the condensed consolidated statements of income for the three and six months ended January 31, 2022 and 2021. Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2022 and 2021, was as follows: Six months ended January 31, 2022 2021 Operating cash outflows from operating leases $ 9,805 $ 8,762 Operating lease assets obtained in exchange for new operating lease liabilities 952 3,297

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Notes)	6 Months Ended
	Jan. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss Disclosure	Accumulated Other Comprehensive LossOther comprehensive loss consists of foreign currency translation adjustments which includes the settlements of net investment hedges, unrealized gains and losses from cash flow hedges, and the unamortized gain on post-retirement plans, net of their related tax effects. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2022: Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2021 $ 729 $ 1,888 $ (58,570) $ (55,953) Other comprehensive loss before reclassification (142) (60) (22,141) (22,343) Amounts reclassified from accumulated other comprehensive loss (453) (190) — (643) Ending balance, January 31, 2022 $ 134 $ 1,638 $ (80,711) $ (78,939) The increase in accumulated other comprehensive loss as of January 31, 2022 compared to July 31, 2021, was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period. The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2021, were as follows: Unrealized (loss) gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 1,215 (23) 13,585 14,777 Amounts reclassified from accumulated other comprehensive loss 203 36 — 239 Ending balance, January 31, 2021 $ 1,218 $ 2,194 $ (54,873) $ (51,461) The decrease in accumulated other comprehensive loss as of January 31, 2021, compared to July 31, 2020, was primarily due to the depreciation of the U.S. dollar against certain other currencies during the six-month period. Of the amounts reclassified from accumulated other comprehensive loss during the six months ended January 31, 2022 and 2021, unrealized (gains) losses on cash flow hedges were reclassified to "Cost of goods sold" and unamortized (gains) losses 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 (loss) income for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Income tax benefit (expense) related to items of other comprehensive (loss) income: Cash flow hedges $ (87) $ 47 $ (191) $ (1) Pension and other post-retirement benefits 15 6 15 246 Other income tax adjustments and currency translation 428 (1,304) 433 (1,297) Income tax benefit (expense) related to items of other comprehensive (loss) income $ 356 $ (1,251) $ 257 $ (1,052)

Revenue from Contract with Cust

Revenue from Contract with Customer (Notes)	6 Months Ended
	Jan. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition Disclosure	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 H, “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 $2,610 and $2,519 as of January 31, 2022 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 $296 and $294 during the three months ended January 31, 2022 and 2021, respectively, and $585 and $591 during the six months ended January 31, 2022 and 2021, respectively, that was included in the contract liability balance at the beginning of the respective period from the amortization of extended service warranties. Of the contract liability balance outstanding at January 31, 2022, the Company expects to recognize 22% by the end of fiscal 2022, an additional 35% by the end of fiscal 2023, and the remaining balance thereafter.

Segment Information (Notes)

Segment Information (Notes)	6 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Segment Information Disclosure	Segment Information The Company is organized and managed on a global basis within three operating segments, Identification Solutions ("IDS"), Workplace Safety ("WPS"), and People Identification ("PDC"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The IDS and PDC operating segments aggregate into the IDS reporting segment, while the WPS reporting segment is comprised solely of the Workplace Safety operating segment. The following is a summary of net sales by segment and geographic region for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Net sales: ID Solutions Americas $ 158,999 $ 124,970 $ 323,909 $ 258,237 Europe 57,274 44,040 114,163 86,622 Asia 28,713 25,217 55,531 47,560 Total $ 244,986 $ 194,227 $ 493,603 $ 392,419 Workplace Safety Americas $ 20,131 $ 20,200 $ 41,273 $ 44,231 Europe 41,432 40,165 79,454 81,431 Australia 11,506 11,246 25,200 24,984 Total $ 73,069 $ 71,611 $ 145,927 $ 150,646 Total Company Americas $ 179,130 $ 145,170 $ 365,182 $ 302,468 Europe 98,706 84,205 193,617 168,053 Asia-Pacific 40,219 36,463 80,731 72,544 Total $ 318,055 $ 265,838 $ 639,530 $ 543,065 The following is a summary of segment profit for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Segment profit: ID Solutions $ 44,129 $ 39,000 $ 92,945 $ 79,279 Workplace Safety 4,515 3,463 6,808 11,451 Total Company $ 48,644 $ 42,463 $ 99,753 $ 90,730 The following is a reconciliation of segment profit to income before income taxes and losses of unconsolidated affiliate for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Total profit from reportable segments $ 48,644 $ 42,463 $ 99,753 $ 90,730 Unallocated amounts: Administrative costs (5,772) (5,051) (12,546) (11,130) Investment and other (expense) income (578) 2,036 (35) 2,191 Interest expense (252) (51) (434) (157) Income before income taxes and losses of unconsolidated affiliate $ 42,042 $ 39,397 $ 86,738 $ 81,634

Net Income per Common Share (No

Net Income per Common Share (Notes)	6 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Net Income per Common Share Disclosure	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 January 31, Six months ended January 31, 2022 2021 2022 2021 Numerator (in thousands): Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 33,815 $ 30,860 $ 68,861 $ 64,341 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 $ 33,815 $ 30,860 $ 68,050 $ 63,529 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 51,800 52,018 51,887 52,020 Plus: Effect of dilutive equity awards 362 264 412 268 Denominator for diluted income per share for both Class A and Class B 52,162 52,282 52,299 52,288 Net income per Class A Nonvoting Common Share: Basic $ 0.65 $ 0.59 $ 1.33 $ 1.24 Diluted $ 0.65 $ 0.59 $ 1.32 $ 1.23 Net income per Class B Voting Common Share: Basic $ 0.65 $ 0.59 $ 1.31 $ 1.22 Diluted $ 0.65 $ 0.59 $ 1.30 $ 1.21 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 471,377 and 829,617 for the three months ended January 31, 2022 and 2021, respectively, and 475,489 and 785,181 for the six months ended January 31, 2022 and 2021, respectively.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	6 Months Ended
	Jan. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements Disclosure	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 as of January 31, 2022 and July 31, 2021: January 31, 2022 July 31, 2021 Fair Value Hierarchy Assets: Deferred compensation plan assets $ 20,097 $ 20,135 Level 1 Foreign exchange contracts 372 150 Level 2 Liabilities: Foreign exchange contracts 165 51 Level 2 The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Deferred compensation plan assets: 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 K, “Derivatives and Hedging Activities,” for additional information.

Derivatives and Hedging Activit

Derivatives and Hedging Activities (Notes)	6 Months Ended
	Jan. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities Disclosure	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: January 31, 2022 July 31, 2021 Designated as cash flow hedges $ 15,374 $ 30,724 Non-designated hedges 3,455 3,580 Total foreign exchange contracts $ 18,829 $ 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 January 31, 2022 and July 31, 2021, unrealized gains of $263 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 January 31, Six months ended January 31, 2022 2021 2022 2021 Gains recognized in OCI $ 225 $ 451 $ 199 $ 1,148 Gains (losses) reclassified from OCI into cost of goods sold 36 (60) 604 (271) Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2022 July 31, 2021 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) $ 372 $ 153 $ 150 $ 51 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 12 — — Total derivative instruments $ 372 $ 165 $ 150 $ 51

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes The income tax rate for the three and six months ended January 31, 2022, was 19.6% and 20.6%, respectively. The Company expects its ongoing annual income tax rate to be a pproximately 20% based on its current global business mix and based on tax laws and statutory tax rates currently in effect. The income tax rate for the three and six months ended January 31, 2021, was 20.8% and 20.6%, respectively.

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 15, 2022, 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 April 29, 2022, to shareholders of record at the close of business on April 8, 2022. Subsequent to January 31, 2022, the Company has purchased 181,514 shares of its Class A Nonvoting Common Stock under its share repurchase program for an aggregate purchase price of $9.0 million and an average purchase price per share of $49.71. As of February 16, 2022, 1,387,730 shares remained authorized to purchase in connection with this share repurchase program.

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	6 Months Ended
	Jan. 31, 2022
Table Text Block [Abstract]
Schedule of Inventory	Inventories as of January 31, 2022, and July 31, 2021, consisted of the following: January 31, 2022 July 31, 2021 Finished products $ 102,115 $ 87,489 Work-in-process 25,211 20,189 Raw materials and supplies 40,130 28,429 Total inventories $ 167,456 $ 136,107

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	6 Months Ended
	Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets as of January 31, 2022 and July 31, 2021, consisted of the following: January 31, 2022 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 $ 1,799 $ (699) $ 1,100 3 $ 1,821 $ (356) $ 1,465 Customer relationships 9 109,830 (45,076) 64,754 9 110,950 (39,069) 71,881 Technology 5 9,430 (1,318) 8,112 5 9,578 (335) 9,243 Unamortized other intangible assets: Tradenames N/A 9,642 — 9,642 N/A 9,745 — 9,745 Total $ 130,701 $ (47,093) $ 83,608 $ 132,094 $ (39,760) $ 92,334

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jan. 31, 2022
Leases [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2022 and 2021, was as follows: Six months ended January 31, 2022 2021 Operating cash outflows from operating leases $ 9,805 $ 8,762 Operating lease assets obtained in exchange for new operating lease liabilities 952 3,297

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
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 six months ended January 31, 2022: Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2021 $ 729 $ 1,888 $ (58,570) $ (55,953) Other comprehensive loss before reclassification (142) (60) (22,141) (22,343) Amounts reclassified from accumulated other comprehensive loss (453) (190) — (643) Ending balance, January 31, 2022 $ 134 $ 1,638 $ (80,711) $ (78,939)	The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2021, were as follows: Unrealized (loss) gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2020 $ (200) $ 2,181 $ (68,458) $ (66,477) Other comprehensive income (loss) before reclassification 1,215 (23) 13,585 14,777 Amounts reclassified from accumulated other comprehensive loss 203 36 — 239 Ending balance, January 31, 2021 $ 1,218 $ 2,194 $ (54,873) $ (51,461)
Schedule of Income Tax Benefit on the Components of Other Comprehensive Loss	The following table illustrates the income tax benefit (expense) on the components of other comprehensive (loss) income for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Income tax benefit (expense) related to items of other comprehensive (loss) income: Cash flow hedges $ (87) $ 47 $ (191) $ (1) Pension and other post-retirement benefits 15 6 15 246 Other income tax adjustments and currency translation 428 (1,304) 433 (1,297) Income tax benefit (expense) related to items of other comprehensive (loss) income $ 356 $ (1,251) $ 257 $ (1,052)

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Schedule of Net Sales by Segment and Geographic Region	The following is a summary of net sales by segment and geographic region for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Net sales: ID Solutions Americas $ 158,999 $ 124,970 $ 323,909 $ 258,237 Europe 57,274 44,040 114,163 86,622 Asia 28,713 25,217 55,531 47,560 Total $ 244,986 $ 194,227 $ 493,603 $ 392,419 Workplace Safety Americas $ 20,131 $ 20,200 $ 41,273 $ 44,231 Europe 41,432 40,165 79,454 81,431 Australia 11,506 11,246 25,200 24,984 Total $ 73,069 $ 71,611 $ 145,927 $ 150,646 Total Company Americas $ 179,130 $ 145,170 $ 365,182 $ 302,468 Europe 98,706 84,205 193,617 168,053 Asia-Pacific 40,219 36,463 80,731 72,544 Total $ 318,055 $ 265,838 $ 639,530 $ 543,065
Schedule of Segment Profit	The following is a summary of segment profit for the three and six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Segment profit: ID Solutions $ 44,129 $ 39,000 $ 92,945 $ 79,279 Workplace Safety 4,515 3,463 6,808 11,451 Total Company $ 48,644 $ 42,463 $ 99,753 $ 90,730
Schedule of the 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 six months ended January 31, 2022 and 2021: Three months ended January 31, Six months ended January 31, 2022 2021 2022 2021 Total profit from reportable segments $ 48,644 $ 42,463 $ 99,753 $ 90,730 Unallocated amounts: Administrative costs (5,772) (5,051) (12,546) (11,130) Investment and other (expense) income (578) 2,036 (35) 2,191 Interest expense (252) (51) (434) (157) Income before income taxes and losses of unconsolidated affiliate $ 42,042 $ 39,397 $ 86,738 $ 81,634

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Schedule of the reconciliation of the numerator and denominator of Basic and Diluted Earnings 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 January 31, Six months ended January 31, 2022 2021 2022 2021 Numerator (in thousands): Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 33,815 $ 30,860 $ 68,861 $ 64,341 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 $ 33,815 $ 30,860 $ 68,050 $ 63,529 Denominator: (in thousands) Denominator for basic income per share for both Class A and Class B 51,800 52,018 51,887 52,020 Plus: Effect of dilutive equity awards 362 264 412 268 Denominator for diluted income per share for both Class A and Class B 52,162 52,282 52,299 52,288 Net income per Class A Nonvoting Common Share: Basic $ 0.65 $ 0.59 $ 1.33 $ 1.24 Diluted $ 0.65 $ 0.59 $ 1.32 $ 1.23 Net income per Class B Voting Common Share: Basic $ 0.65 $ 0.59 $ 1.31 $ 1.22 Diluted $ 0.65 $ 0.59 $ 1.30 $ 1.21

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jan. 31, 2022
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 as of January 31, 2022 and July 31, 2021: January 31, 2022 July 31, 2021 Fair Value Hierarchy Assets: Deferred compensation plan assets $ 20,097 $ 20,135 Level 1 Foreign exchange contracts 372 150 Level 2 Liabilities: Foreign exchange contracts 165 51 Level 2

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jan. 31, 2022
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: January 31, 2022 July 31, 2021 Designated as cash flow hedges $ 15,374 $ 30,724 Non-designated hedges 3,455 3,580 Total foreign exchange contracts $ 18,829 $ 34,304
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 January 31, Six months ended January 31, 2022 2021 2022 2021 Gains recognized in OCI $ 225 $ 451 $ 199 $ 1,148 Gains (losses) reclassified from OCI into cost of goods sold 36 (60) 604 (271)
Schedule of Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2022 July 31, 2021 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) $ 372 $ 153 $ 150 $ 51 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 12 — — Total derivative instruments $ 372 $ 165 $ 150 $ 51

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Inventory [Line Items]
Finished products	$ 102,115	$ 87,489
Work-in-process	25,211	20,189
Raw materials and supplies	40,130	28,429
Total inventories	$ 167,456	$ 136,107

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Depreciation, Depletion and Amortization [Abstract]
Accumulated Depreciation of PPE	$ 282,808	$ 277,246

Other Intangible Assets (Detail

Other Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jan. 31, 2022	Jul. 31, 2021
Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 130,701	$ 132,094
Finite-Lived Intangible Assets, Accumulated Amortization	(47,093)	(39,760)
Intangible Assets, Net (Excluding Goodwill), Total	83,608	92,334
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 9,642	$ 9,745
Tradenames
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	3 years	3 years
Finite-Lived Intangible Assets, Gross	$ 1,799	$ 1,821
Finite-Lived Intangible Assets, Accumulated Amortization	(699)	(356)
Finite-Lived Intangible Assets, Net	$ 1,100	$ 1,465
Customer relationships and tradenames
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years	9 years
Finite-Lived Intangible Assets, Gross	$ 109,830	$ 110,950
Finite-Lived Intangible Assets, Accumulated Amortization	(45,076)	(39,069)
Finite-Lived Intangible Assets, Net	$ 64,754	$ 71,881
Technology-Based Intangible Assets
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years	5 years
Finite-Lived Intangible Assets, Gross	$ 9,430	$ 9,578
Finite-Lived Intangible Assets, Accumulated Amortization	(1,318)	(335)
Finite-Lived Intangible Assets, Net	$ 8,112	$ 9,243

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 3,749	$ 1,353	$ 7,556	$ 2,704

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Leases [Abstract]
Operating Lease, Cost	$ 4,087	$ 4,169	$ 8,852	$ 8,242
Operating cash outflows from operating leases			9,805	8,762
Operating lease assets obtained in exchange for new operating lease liabilities			$ 952	$ 3,297

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (55,953)	$ (66,477)
Other comprehensive loss before reclassification	(22,343)	14,777
Amounts reclassified from accumulated other comprehensive loss	(643)	239
Ending balance	(78,939)	(51,461)
Unrealized gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	729	(200)
Other comprehensive loss before reclassification	(142)	1,215
Amounts reclassified from accumulated other comprehensive loss	(453)	203
Ending balance	134	1,218
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,888	2,181
Other comprehensive loss before reclassification	(60)	(23)
Amounts reclassified from accumulated other comprehensive loss	(190)	36
Ending balance	1,638	2,194
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(58,570)	(68,458)
Other comprehensive loss before reclassification	(22,141)	13,585
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	$ (80,711)	$ (54,873)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ (87)	$ 47	$ (191)	$ (1)
Pension and other post-retirement benefits	15	6	15	246
Other income tax adjustments and currency translation	428	(1,304)	433	(1,297)
Income tax benefit (expense) related to items of other comprehensive (loss) income	$ 356	$ (1,251)	$ 257	$ (1,052)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021	Jul. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 2,610,000		$ 2,610,000		$ 2,519,000
Deferred Revenue, Revenue Recognized	$ 296,000	$ 294,000	$ 585,000	$ 591,000
Remaining Performance Obligations Expected as Revenue During the Remainder of the Current Fiscal Year	22.00%		22.00%
Remaining Performance Obligations Expected as Revenue Over the Next Full Fiscal Year	35.00%		35.00%

Segment Information Net Sales b

Segment Information Net Sales by Segment and Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Net Sales by Segment and Geographic Area
Net sales	$ 318,055	$ 265,838	$ 639,530	$ 543,065
Americas
Net Sales by Segment and Geographic Area
Net sales	179,130	145,170	365,182	302,468
Europe
Net Sales by Segment and Geographic Area
Net sales	98,706	84,205	193,617	168,053
Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	40,219	36,463	80,731	72,544
ID Solutions
Net Sales by Segment and Geographic Area
Net sales	244,986	194,227	493,603	392,419
ID Solutions | Americas
Net Sales by Segment and Geographic Area
Net sales	158,999	124,970	323,909	258,237
ID Solutions | Europe
Net Sales by Segment and Geographic Area
Net sales	57,274	44,040	114,163	86,622
ID Solutions | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	28,713	25,217	55,531	47,560
Workplace Safety
Net Sales by Segment and Geographic Area
Net sales	73,069	71,611	145,927	150,646
Workplace Safety | Americas
Net Sales by Segment and Geographic Area
Net sales	20,131	20,200	41,273	44,231
Workplace Safety | Europe
Net Sales by Segment and Geographic Area
Net sales	41,432	40,165	79,454	81,431
Workplace Safety | Asia-Pacific
Net Sales by Segment and Geographic Area
Net sales	$ 11,506	$ 11,246	$ 25,200	$ 24,984

Segment Information Segment Pro

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Segment Profit
Segment profit	$ 48,644	$ 42,463	$ 99,753	$ 90,730
ID Solutions
Segment Profit
Segment profit	44,129	39,000	92,945	79,279
Workplace Safety
Segment Profit
Segment profit	$ 4,515	$ 3,463	$ 6,808	$ 11,451

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Segment profit	$ 48,644	$ 42,463	$ 99,753	$ 90,730
Unallocated amounts:
Administrative costs	(5,772)	(5,051)	(12,546)	(11,130)
Investment and other (expense) income	(578)	2,036	(35)	2,191
Interest expense	(252)	(51)	(434)	(157)
Income before income taxes and losses of unconsolidated affiliate	$ 42,042	$ 39,397	$ 86,738	$ 81,634

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Earnings Per Share [Line Items]
Net income	$ 33,815	$ 30,860	$ 68,861	$ 64,341
Denominator for basic income per share for both Class A and Class B	51,800	52,018	51,887	52,020
Plus: Effect of dilutive equity awards	362	264	412	268
Denominator for diluted income per share for both Class A and Class B	52,162	52,282	52,299	52,288
Class A Nonvoting Common Stock [Member]
Earnings Per Share [Line Items]
Basic	$ 0.65	$ 0.59	$ 1.33	$ 1.24
Diluted	$ 0.65	$ 0.59	$ 1.32	$ 1.23
Class B Voting Common Stock [Member]
Earnings Per Share [Line Items]
Preferential dividends	$ 0	$ 0	$ 803	$ 808
Preferential dividends on dilutive stock options	0	0	8	(4)
Numerator for basic and diluted income per Class B Voting Common Share	$ 33,815	$ 30,860	$ 68,050	$ 63,529
Basic	$ 0.65	$ 0.59	$ 1.31	$ 1.22
Diluted	$ 0.65	$ 0.59	$ 1.30	$ 1.21

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Earnings Per Share [Abstract]
Anti-dilutive Shares	471,377	829,617	475,489	785,181

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jan. 31, 2022	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]
Deferred Compensation Plan Assets	$ 20,097	$ 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	372	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	$ 165	$ 51

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Derivative [Line Items]
Derivative, Notional Amount	$ 18,829	$ 34,304
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	15,374	30,724
Not designated as hedging Instruments [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 3,455	$ 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		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gain recognized in other comprehensive (loss) income	$ 225	$ 451	$ 199	$ 1,148
Gains (losses) reclassified from OCI into cost of goods sold	$ 36	$ (60)	$ 604	$ (271)

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 372	$ 150
Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	165	51
Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	372	150
Designated as Hedging Instrument [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	153	51
Not designated as hedging Instruments [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0	0
Not designated as hedging Instruments [Member] | Other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 12	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2022	Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Maturities	18 months
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 263	$ 770

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jan. 31, 2022Rate	Jan. 31, 2021Rate	Jan. 31, 2022Rate	Jan. 31, 2021Rate
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	19.60%	20.80%	20.60%	20.60%

Subsequent Events (Detail)

Subsequent Events (Detail) - Subsequent Event [Member] - USD ($)	Apr. 29, 2022	Apr. 08, 2022	Feb. 15, 2022	Feb. 16, 2022
Subsequent Event [Line Items]
Dividends Payable, Date Declared			Feb. 15, 2022
Dividend declared (USD per share)			$ 0.225
Dividends Payable, Date to be Paid	Apr. 29, 2022
Dividends Payable, Date of Record		Apr. 8, 2022
Stock Repurchased During Period, Shares				181,514
Stock Repurchased During Period, Value				$ 9
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased				1,387,730
Treasury Stock Acquired, Average Cost Per Share				$ 49.71