Brady (BRC) 10-Q 21 Feb 25 2025 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jan. 31, 2025	Feb. 19, 2025
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2025
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	2025
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	53223
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
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		44,241,601
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	Jan. 31, 2025	Jul. 31, 2024
Current assets:
Cash and cash equivalents	$ 138,452	$ 250,118
Accounts receivable, net of allowance for credit losses of $9,227 and $6,749, respectively	201,973	185,486
Inventories	181,810	152,729
Prepaid expenses and other current assets	14,080	11,382
Total current assets	536,315	599,715
Assets, Noncurrent
Property, plant and equipment—net	199,075	195,758
Goodwill	661,288	589,611
Other intangible assets	108,456	51,839
Deferred income taxes	16,587	15,596
Operating lease assets	42,135	38,504
Other assets	24,844	24,546
Total	1,588,700	1,515,569
Current liabilities:
Accounts payable	90,968	84,691
Accrued compensation and benefits	69,551	77,954
Taxes, other than income taxes	18,794	14,061
Accrued income taxes	4,416	7,424
Current operating lease liabilities	14,922	13,382
Other current liabilities	83,699	67,170
Total current liabilities	282,350	264,682
Liabilities, Noncurrent
Long-term debt	87,687	90,935
Long-term operating lease liabilities	27,546	25,342
Other liabilities	70,649	67,952
Total liabilities	468,232	448,911
Stockholders’ equity:
Additional paid-in capital	356,531	353,654
Retained earnings	1,238,275	1,174,025
Treasury stock—7,019,886 and 7,219,025 shares, respectively, of Class A nonvoting common stock, at cost	(343,059)	(351,947)
Accumulated other comprehensive loss	(131,827)	(109,622)
Total stockholders’ equity	1,120,468	1,066,658
Total	1,588,700	1,515,569
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	Jan. 31, 2025	Jul. 31, 2024
Accounts Receivable, Allowance for Credit Loss, Current	$ 9,227	$ 6,749
Class A Nonvoting Common Stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	44,241,601	44,042,462
Treasury Stock, Common, Shares	7,019,886	7,219,025
Class B Voting Common Stock
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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Net sales	$ 356,675	$ 322,624	$ 733,740	$ 654,607
Cost of goods sold	180,832	160,541	368,208	320,805
Gross margin	175,843	162,083	365,532	333,802
Operating expenses:
Research and development	18,723	16,832	37,644	32,534
Selling, general and administrative	105,886	91,325	217,732	187,612
Total operating expenses	124,609	108,157	255,376	220,146
Operating income	51,234	53,926	110,156	113,656
Other income (expense):
Investment and other income	2,125	2,684	3,359	3,122
Interest expense	(1,312)	(790)	(2,668)	(1,556)
Income before income taxes	52,047	55,820	110,847	115,222
Income tax expense	11,713	12,192	23,730	24,353
Net income	$ 40,334	$ 43,628	$ 87,117	$ 90,869
Weighted average common shares outstanding:
Basic	47,851	48,374	47,792	48,440
Diluted	48,306	48,725	48,261	48,768
Class A Nonvoting Common Stock
Earnings Per Share
Basic	$ 0.84	$ 0.90	$ 1.82	$ 1.88
Diluted	0.83	0.90	1.81	1.86
Class B Voting Common Stock
Earnings Per Share
Basic	0.84	0.90	1.81	1.86
Diluted	$ 0.83	$ 0.90	$ 1.79	$ 1.85

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 40,334	$ 43,628	$ 87,117	$ 90,869
Other comprehensive (loss) income:
Foreign currency translation adjustments	(21,180)	14,591	(21,259)	(5,773)
Cash flow hedges:
Net gain (loss) recognized in other comprehensive (loss) income	935	1,083	(403)	789
Reclassification adjustment for losses (gains) included in net income	463	(254)	(1)	(1,539)
Other Comprehensive Income (Loss), Cash Flow Hedge Gain, after Reclassification, before Tax, Total	1,398	829	(404)	(750)
Pension and other post-retirement benefits actuarial gain amortization
Pension and other post-retirement benefits actuarial gain amortization	151	151	302	302
Other comprehensive (loss) income, before tax	(19,933)	15,269	(21,965)	(6,825)
Income tax (expense) benefit related to items of other comprehensive (loss) income	(292)	73	(240)	(55)
Other comprehensive (loss) income, net of tax	(20,225)	15,342	(22,205)	(6,880)
Comprehensive income	$ 20,109	$ 58,970	$ 64,912	$ 83,989

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 Earnings Class A Nonvoting Common Stock	Retained Earnings Class B Voting Common Stock	Treasury Stock, Common	Accumulated Other Comprehensive Loss
Beginning balance at Jul. 31, 2023	$ 990,919			$ 548	$ 351,771	$ 1,021,870			$ (290,209)	$ (93,061)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	90,869					90,869
Other Comprehensive Income (Loss), Net of Tax	(6,880)									(6,880)
Issuance of shares of Class A Common Stock under stock plan	3,004				(3,389)				6,393
Tax benefit and withholdings from deferred compensation distributions	149				149
Repurchase of shares of Class A Common Stock, including excise taxes	(21,898)								(21,898)
Stock-based compensation expense	5,263				5,263
Dividends, Common Stock, Cash		$ (21,090)	$ (1,604)				$ (21,090)	$ (1,604)
Ending balance at Jan. 31, 2024	1,038,732			548	353,794	1,090,045			(305,714)	(99,941)
Beginning balance at Oct. 31, 2023	994,992			548	352,421	1,057,773			(300,467)	(115,283)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	43,628					43,628
Other Comprehensive Income (Loss), Net of Tax	15,342									15,342
Issuance of shares of Class A Common Stock under stock plan	2,739				273				2,466
Repurchase of shares of Class A Common Stock, including excise taxes	(7,713)								(7,713)
Stock-based compensation expense	1,100				1,100
Dividends, Common Stock, Cash		(10,525)	(831)				(10,525)	(831)
Ending balance at Jan. 31, 2024	1,038,732			548	353,794	1,090,045			(305,714)	(99,941)
Beginning balance at Jul. 31, 2024	1,066,658			548	353,654	1,174,025			(351,947)	(109,622)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	87,117					87,117
Other Comprehensive Income (Loss), Net of Tax	(22,205)									(22,205)
Issuance of shares of Class A Common Stock under stock plan	3,582				(5,306)				8,888
Tax benefit and withholdings from deferred compensation distributions	190				190
Stock-based compensation expense	7,993				7,993
Dividends, Common Stock, Cash		(21,228)	(1,639)				(21,228)	(1,639)
Ending balance at Jan. 31, 2025	1,120,468			548	356,531	1,238,275			(343,059)	(131,827)
Beginning balance at Oct. 31, 2024	1,108,932			548	354,592	1,209,406			(344,012)	(111,602)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	40,334
Other Comprehensive Income (Loss), Net of Tax	(20,225)									(20,225)
Issuance of shares of Class A Common Stock under stock plan	712				(241)				953
Stock-based compensation expense	2,180				2,180
Dividends, Common Stock, Cash		$ (10,616)	$ (849)				$ (10,616)	$ (849)
Ending balance at Jan. 31, 2025	$ 1,120,468			$ 548	$ 356,531	$ 1,238,275			$ (343,059)	$ (131,827)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Class A Nonvoting Common Stock
Common Stock, Dividends, Per Share, Declared	$ 0.2400	$ 0.2350	$ 0.4800	$ 0.4700
Class B Voting Common Stock
Common Stock, Dividends, Per Share, Declared	$ 0.2400	$ 0.2350	$ 0.4634	$ 0.4534

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Operating activities:
Net income	$ 87,117	$ 90,869
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,096	15,008
Stock-based compensation expense	7,993	5,263
Deferred income taxes	(3,076)	(3,640)
Other	231	947
Changes in operating assets and liabilities:
Accounts receivable	6,605	(5,030)
Inventories	(8,384)	10,078
Prepaid expenses and other assets	(2,571)	(1,187)
Accounts payable and accrued liabilities	(41,650)	(9,754)
Income taxes	(3,361)	(4,203)
Net cash provided by operating activities	63,000	98,351
Investing activities:
Purchases of property, plant and equipment	(14,423)	(60,832)
Payments to Acquire Businesses, Net of Cash Acquired	137,348	0
Payments for (Proceeds from) Other Investing Activities	53	0
Net cash used in investing activities	(151,718)	(60,832)
Financing activities:
Payment of dividends	(22,867)	(22,694)
Proceeds from exercise of stock options	5,712	5,366
Payments for employee taxes withheld from stock-based awards	(2,130)	(2,362)
Purchase of treasury stock	0	(21,797)
Proceeds from borrowing on credit agreement	159,373	69,145
Repayment of borrowing on credit agreement	(162,621)	(70,771)
Proceeds from (Payments for) Other Financing Activities	190	149
Net cash used in financing activities	(22,343)	(42,964)
Effect of exchange rate changes on cash and cash equivalents	(605)	(2,227)
Net decrease in cash and cash equivalents	(111,666)	(7,672)
Cash and cash equivalents, beginning of period	250,118	151,532
Cash and cash equivalents, end of period	$ 138,452	$ 143,860

Basis of Presentation (Notes)

Basis of Presentation (Notes)	6 Months Ended
	Jan. 31, 2025
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, 2025 and July 31, 2024, its results of operations and comprehensive income for the three and six months ended January 31, 2025 and 2024, and cash flows for the six months ended January 31, 2025 and 2024. The condensed consolidated balance sheet as of July 31, 2024 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, 2024.

New Accounting Pronouncements (

New Accounting Pronouncements (Notes)	6 Months Ended
	Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Standards not yet adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The guidance requires expanded interim and annual disclosures of segment information including the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within segment profit and loss. The guidance is effective for the Company's fiscal 2025 Form 10-K and interim periods thereafter. The Company is currently assessing its segment information disclosures in connection with the adoption of ASU 2023-07. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The guidance requires expanded annual disclosures including the standardization and disaggregation of income tax rate reconciliation categories and the amount of income taxes paid by jurisdiction. The guidance is effective for the Company’s fiscal 2026 Form 10-K. The Company is currently assessing its income tax disclosures in connection with the adoption of ASU 2023-09. In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” The guidance requires expanded interim and annual disclosures of expense information including the amounts of inventory purchases, employee compensation, depreciation, amortization, and depletion within commonly presented expense captions during the period. The guidance is effective for the Company's fiscal 2028 Form 10-K and interim periods thereafter. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.

Additional Balance Sheet Inform

Additional Balance Sheet Information (Notes)	6 Months Ended
	Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Balance Sheet Disclosure	Additional Balance Sheet Information Inventories Inventories consisted of the following as of January 31, 2025 and July 31, 2024: January 31, 2025 July 31, 2024 Finished products $ 102,614 $ 89,430 Work-in-process 27,418 24,601 Raw materials and supplies 51,778 38,698 Total inventories $ 181,810 $ 152,729 Property, plant and equipment

Other Intangible Assets (Notes)

Other Intangible Assets (Notes)	6 Months Ended
	Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Other Intangible Assets Other intangible assets as of January 31, 2025 and July 31, 2024 consisted of the following: January 31, 2025 July 31, 2024 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 2 $ 831 $ (208) $ 623 3 $ 600 $ (600) $ — Customer relationships 8 119,165 (30,026) 89,139 9 64,430 (23,279) 41,151 Technology 5 19,273 (8,091) 11,182 5 9,300 (6,182) 3,118 Unamortized other intangible assets: Tradenames N/A 7,512 — 7,512 N/A 7,570 — 7,570 Total $ 146,781 $ (38,325) $ 108,456 $ 81,900 $ (30,061) $ 51,839 The change in the gross carrying amount of other intangible assets as of January 31, 2025 compared to July 31, 2024 was primarily due to the acquisitions of Gravotech Holding (“Gravotech”) and American Barcode and RFID Incorporated (“AB&R”) completed during the six months ended January 31, 2025 and to a lesser extent, the effect of currency fluctuations. Refer to Note N, “Acquisitions,” for additional information on intangible assets acquired. Amortization expense on intangible assets was $4,671 and $2,364 for the three months ended January 31, 2025 and 2024, respectively, and $9,384 and $4,719 for the six months ended January 31, 2025 and 2024, respectively.

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jan. 31, 2025
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, 2025, the Company did not have any finance leases. Operating lease expense was $4,539 and $3,804 for the three months ended January 31, 2025 and 2024, respectively, and $9,274 and $7,869 for the six months ended January 31, 2025 and 2024, 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 were immaterial to the condensed consolidated statements of income for the three and six months ended January 31, 2025 and 2024. Supplemental cash flow information related to the Company's operating leases for the six months ended January 31, 2025 and 2024 was as follows: Six months ended January 31, 2025 2024 Operating cash outflows from operating leases $ 9,157 $ 8,585 Operating lease assets obtained in exchange for new operating lease liabilities (1) 12,749 2,551 (1) Includes new leases and remeasurements or modifications of existing leases .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Notes)	6 Months Ended
	Jan. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss Disclosure	Accumulated Other Comprehensive Loss Other comprehensive loss consists of foreign currency translation adjustments, which includes net investment hedges and long-term intercompany loan translation adjustments, 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, 2025: Unrealized loss on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2024 $ (149) $ 462 $ (109,935) $ (109,622) Other comprehensive loss before reclassification (643) — (21,259) (21,902) Amounts reclassified from accumulated other comprehensive loss (1) (302) — (303) Ending balance, January 31, 2025 $ (793) $ 160 $ (131,194) $ (131,827) The increase in accumulated other comprehensive loss as of January 31, 2025 compared to July 31, 2024 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, 2024 were as follows: Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2023 $ 1,641 $ 756 $ (95,458) $ (93,061) Other comprehensive income (loss) before reclassification 350 — (5,773) (5,423) Amounts reclassified from accumulated other comprehensive loss (1,155) (302) — (1,457) Ending balance, January 31, 2024 $ 836 $ 454 $ (101,231) $ (99,941) The increase in accumulated other comprehensive loss as of January 31, 2024 compared to July 31, 2023 was primarily due to the appreciation of the U.S. dollar against certain other currencies during the six-month period. Of the amounts reclassified from accumulated other comprehensive loss during the six months ended January 31, 2025 and 2024, unrealized gains on cash flow hedges were reclassified to “Cost of goods sold” and unamortized gains on post-retirement plans were reclassified into “Investment and other income” on the condensed consolidated statements of income. The following table illustrates the income tax (expense) benefit on the components of other comprehensive loss for the three and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Income tax (expense) benefit related to items of other comprehensive loss: Cash flow hedges $ (292) $ 73 $ (240) $ (55)

Revenue Recognition (Notes)

Revenue Recognition (Notes)	6 Months Ended
	Jan. 31, 2025
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition The 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.

Segment Information (Notes)

Segment Information (Notes)	6 Months Ended
	Jan. 31, 2025
Segment Reporting [Abstract]
Segment Information Disclosure	Segment Information The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The following is a summary of net sales by segment and geographic region for the three and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Net sales: Americas & Asia Americas $ 202,547 $ 185,976 $ 416,580 $ 382,262 Asia 31,299 25,667 62,694 51,007 Total $ 233,846 $ 211,643 $ 479,274 $ 433,269 Europe & Australia Europe $ 110,477 $ 98,371 $ 226,630 $ 194,704 Australia 12,352 12,610 27,836 26,634 Total $ 122,829 $ 110,981 $ 254,466 $ 221,338 Total Company $ 356,675 $ 322,624 $ 733,740 $ 654,607 The following is a summary of segment profit for the three and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Segment profit: Americas & Asia $ 45,986 $ 43,895 $ 100,886 $ 93,792 Europe & Australia 11,378 15,054 24,492 31,798 Total profit from reportable segments $ 57,364 $ 58,949 $ 125,378 $ 125,590 Total profit from reportable segments is a measure of operating income that excludes administrative costs related to corporate functions that are otherwise included in the Company's operating income. The following is a reconciliation of total profit from reportable segments to income before income taxes for the three and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Total profit from reportable segments $ 57,364 $ 58,949 $ 125,378 $ 125,590 Unallocated amounts: Administrative costs (6,130) (5,023) (15,222) (11,934) Investment and other income 2,125 2,684 3,359 3,122 Interest expense (1,312) (790) (2,668) (1,556) Income before income taxes $ 52,047 $ 55,820 $ 110,847 $ 115,222

Net Income per Common Share (No

Net Income per Common Share (Notes)	6 Months Ended
	Jan. 31, 2025
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, 2025 2024 2025 2024 Numerator (in thousands): Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 40,334 $ 43,628 $ 87,117 $ 90,869 Less: Preferential dividends — — (736) (748) Preferential dividends on dilutive stock options — — (8) (5) Numerator for basic and diluted income per Class B Voting Common Share $ 40,334 $ 43,628 $ 86,373 $ 90,116 Denominator (in thousands): Denominator for basic income per share for both Class A and Class B 47,851 48,374 47,792 48,440 Plus: Effect of dilutive equity awards 455 351 469 328 Denominator for diluted income per share for both Class A and Class B 48,306 48,725 48,261 48,768 Net income per Class A Nonvoting Common Share: Basic $ 0.84 $ 0.90 $ 1.82 $ 1.88 Diluted $ 0.83 $ 0.90 $ 1.81 $ 1.86 Net income per Class B Voting Common Share: Basic $ 0.84 $ 0.90 $ 1.81 $ 1.86 Diluted $ 0.83 $ 0.90 $ 1.79 $ 1.85 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. There were no anti-dilutive shares for the three months ended January 31, 2025. The amount of anti-dilutive shares were 49,562 for the three months ended January 31, 2024, and 8,639 and 181,674 for the six months ended January 31, 2025 and 2024, respectively.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	6 Months Ended
	Jan. 31, 2025
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, 2025 and July 31, 2024: January 31, 2025 July 31, 2024 Fair Value Hierarchy Assets: Deferred compensation plan assets $ 19,350 $ 20,029 Level 1 Foreign exchange contracts 741 137 Level 2 Liabilities: Foreign exchange contracts 1,075 730 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, 2025
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, 2025 July 31, 2024 Designated as cash flow hedges $ 29,660 $ 59,207 Non-designated hedges 4,133 4,459 Total foreign exchange contracts $ 33,793 $ 63,666 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, 2025 and July 31, 2024, unrealized losses of $529 and $124 have been included in OCI, respectively. Net Investment Hedges The Company has designated certain third party foreign currency denominated debt borrowed under its credit agreement as net investment hedges. These debt obligations, denominated in Euros and British Pounds, were designated as net investment hedges to hedge portions of the Company's net investment in its European operations. The Company’s foreign currency denominated debt obligations are valued under a market approach using publicized spot prices, and the net gains or losses attributable to the changes in spot prices are recorded as cumulative translation within AOCI and are included in the foreign currency translation adjustments section of the condensed consolidated statements of comprehensive income. As of January 31, 2025 and July 31, 2024, the cumulative balances recognized in accumulated other comprehensive income were gains of $33 and losses of $1,237, respectively, on any outstanding foreign currency denominated debt obligations. The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as hedging instruments: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Gains (losses) recognized in OCI: Forward exchange contracts (cash flow hedges) $ 935 $ 1,083 $ (403) $ 789 Foreign currency denominated debt (net investment hedges) 1,460 (969) 1,270 539 (Losses) gains reclassified from OCI into cost of goods sold Forward exchange contracts (cash flow hedges) (463) 254 1 1,539 Fair values of derivative instruments in the condensed consolidated balance sheets were as follows: January 31, 2025 July 31, 2024 Prepaid expenses and other current assets Other current liabilities Long-term obligations Prepaid expenses and other current assets Other current liabilities Long-term obligations Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 741 $ 1,060 $ — $ 137 $ 726 $ — Foreign currency denominated debt (net investment hedges) — — 32,790 — — 34,060 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 15 — — 4 — Total derivative instruments $ 741 $ 1,075 $ 32,790 $ 137 $ 730 $ 34,060

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jan. 31, 2025
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income TaxesThe income tax rate for the three months ended January 31, 2025 and 2024 was 22.5% and 21.8%, respectively. The income tax rate for the six months ended January 31, 2025 and 2024, was 21.4% and 21.1%, respectively.

Commitment and Contingencies (N

Commitment and Contingencies (Notes)	6 Months Ended
	Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	Contingencies In the normal course of business, the Company is subject to a variety of investigations, claims, suits, and other legal proceedings, including but not limited to, intellectual property, employment, unclaimed property, tort, and breach of contract matters. Any legal proceedings are subject to inherent uncertainties, and these matters and their potential effects may change in the future. The Company records a liability for contingencies when a loss is deemed to be probable and the loss can be reasonably estimated. The Company currently believes that the outcomes of such proceedings will not have a material adverse impact on its business, financial position, results of operations or cash flows.

Acquisition (Notes)

Acquisition (Notes)	6 Months Ended
	Jan. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combination Disclosure	Acquisitions On August 1, 2024, the Company acquired all of the outstanding shares of Gravotech. Headquartered in Lyon, France, Gravotech is a leader in the design, manufacture and distribution of innovative solutions for specialized engraving, marking and cutting, offering laser, mechanical engraving, scribing and dot peen capabilities across multiple industries. The acquisition of Gravotech expands the Company’s identification product offerings and research and development capabilities to include specialized direct part marking and engraving expertise. The acquisition was funded through cash on hand and borrowings under the Company’s existing credit agreement. Net sales and net loss attributable to Gravotech from the acquisition date through January 31, 2025 were $56,853 and $8,266, respectively. The net loss attributable to Gravotech is due to a non-recurring increase in cost of goods sold related to the fair value adjustment to inventory upon acquisition and amortization expense for intangible assets. The preliminary purchase price allocation included goodwill of $69,936 of which $48,586 was assigned to the Americas & Asia segment and $21,350 was assigned to the Europe & Australia segment. The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed at the date of the acquisition: Cash and cash equivalents $ 7,469 Accounts receivable, net 23,697 Inventories 21,190 Prepaid expenses and other current assets 549 Property, plant and equipment — net 2,472 Goodwill 69,936 Other intangible assets 64,099 Operating lease assets 6,800 Other assets 1,034 Accounts payable (17,353) Accrued compensation and benefits (9,106) Taxes, other than income taxes (6,680) Accrued income taxes (1,807) Other current liabilities (17,688) Operating lease liabilities (6,800) Other liabilities (6,729) Net assets acquired $ 131,083 Less: cash acquired (7,469) Fair value of total consideration $ 123,614 The final purchase price allocation is subject to post-closing adjustments pursuant to the terms of the securities sale and purchase agreement, as well as the finalization of certain accounts, primarily intangible assets and deferred tax adjustments. The goodwill for this acquisition is not deductible for tax purposes. The following table presents the unaudited pro forma operating results for the three and six months ended January 31, 2025 and 2024, reflecting the acquisition of Gravotech as if it had occurred at the beginning of fiscal year 2024. The unaudited pro forma operating results for the three and six months ended January 31, 2025 do not contain any adjustments to the accompanying condensed consolidated financial statements. The unaudited pro forma operating results for the three and six months ended January 31, 2024 include Gravotech’s normal operating results and pro forma adjustments to include cumulative expenses, net of tax, for the non-recurring fair value adjustment to inventory, amortization expense for acquired intangible assets and interest expense on acquisition-related debt. The unaudited pro forma operating results are presented for comparative purposes only and do not necessarily reflect future operating results or those that would have occurred had the acquisition been completed at the beginning of fiscal year 2024. Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Net sales, pro forma $ 356,675 $ 352,412 $ 733,740 $ 713,521 Net income, pro forma 40,334 43,384 87,117 86,918 On October 1, 2024, the Company acquired all of the outstanding shares of AB&R for $15,625, net of cash acquired. Based in Phoenix, Arizona, AB&R provides integrated solutions for asset tracking, inventory management, and workflow optimization using advanced identification and tracking technologies, including barcoding, radio frequency identification (“RFID”) and Internet of Things (“IoT”)-based systems. The acquisition was funded through cash on hand and borrowings under the Company’s existing credit agreement. The Company recorded its preliminary purchase price allocation during the first quarter of fiscal year 2025, based on its estimates of the fair value of the acquired assets and assumed liabilities at that time. The preliminary purchase price allocation included goodwill of $10,877, intangible assets of $4,600, and net tangible assets of $148. The goodwill for this acquisition is assigned to the Americas & Asia segment and is deductible for tax purposes. The final purchase price allocation is subject to post-closing adjustments and the finalization of certain intangible asset valuations and deferred tax adjustments, as well as potential contingent consideration subject to AB&R’s achievement of certain post-acquisition financial targets pursuant to the terms of the membership interest purchase agreement. Acquisition-related expenses of $305 were recognized in selling, general and administrative (“SG&A”) expenses during the six months ended January 31, 2025. The accompanying condensed consolidated financial statements include the results of AB&R from the date of acquisition through January 31, 2025. Pro forma and other financial information are not presented for the AB&R acquisition because its impact on the Company's results of operation and financial position is immaterial.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Pay vs Performance Disclosure
Net income	$ 40,334	$ 43,628	$ 87,117	$ 90,869

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jan. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Revenue Recognition and Deferre

Revenue Recognition and Deferred Revenue (Policies)	6 Months Ended
	Jan. 31, 2025
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue Recognition The 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.

Additional Balance Sheet Info_2

Additional Balance Sheet Information (Tables)	6 Months Ended
	Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Inventories consisted of the following as of January 31, 2025 and July 31, 2024: January 31, 2025 July 31, 2024 Finished products $ 102,614 $ 89,430 Work-in-process 27,418 24,601 Raw materials and supplies 51,778 38,698 Total inventories $ 181,810 $ 152,729

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	6 Months Ended
	Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets as of January 31, 2025 and July 31, 2024 consisted of the following: January 31, 2025 July 31, 2024 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 2 $ 831 $ (208) $ 623 3 $ 600 $ (600) $ — Customer relationships 8 119,165 (30,026) 89,139 9 64,430 (23,279) 41,151 Technology 5 19,273 (8,091) 11,182 5 9,300 (6,182) 3,118 Unamortized other intangible assets: Tradenames N/A 7,512 — 7,512 N/A 7,570 — 7,570 Total $ 146,781 $ (38,325) $ 108,456 $ 81,900 $ (30,061) $ 51,839

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jan. 31, 2025
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, 2025 and 2024 was as follows: Six months ended January 31, 2025 2024 Operating cash outflows from operating leases $ 9,157 $ 8,585 Operating lease assets obtained in exchange for new operating lease liabilities (1) 12,749 2,551 (1) Includes new leases and remeasurements or modifications of existing leases .

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
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, 2025: Unrealized loss on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2024 $ (149) $ 462 $ (109,935) $ (109,622) Other comprehensive loss before reclassification (643) — (21,259) (21,902) Amounts reclassified from accumulated other comprehensive loss (1) (302) — (303) Ending balance, January 31, 2025 $ (793) $ 160 $ (131,194) $ (131,827)	The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended January 31, 2024 were as follows: Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2023 $ 1,641 $ 756 $ (95,458) $ (93,061) Other comprehensive income (loss) before reclassification 350 — (5,773) (5,423) Amounts reclassified from accumulated other comprehensive loss (1,155) (302) — (1,457) Ending balance, January 31, 2024 $ 836 $ 454 $ (101,231) $ (99,941)
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 and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Income tax (expense) benefit related to items of other comprehensive loss: Cash flow hedges $ (292) $ 73 $ (240) $ (55)

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jan. 31, 2025
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, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Net sales: Americas & Asia Americas $ 202,547 $ 185,976 $ 416,580 $ 382,262 Asia 31,299 25,667 62,694 51,007 Total $ 233,846 $ 211,643 $ 479,274 $ 433,269 Europe & Australia Europe $ 110,477 $ 98,371 $ 226,630 $ 194,704 Australia 12,352 12,610 27,836 26,634 Total $ 122,829 $ 110,981 $ 254,466 $ 221,338 Total Company $ 356,675 $ 322,624 $ 733,740 $ 654,607
Schedule of Segment Profit	The following is a summary of segment profit for the three and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Segment profit: Americas & Asia $ 45,986 $ 43,895 $ 100,886 $ 93,792 Europe & Australia 11,378 15,054 24,492 31,798 Total profit from reportable segments $ 57,364 $ 58,949 $ 125,378 $ 125,590
Schedule of the reconciliation of segment profit to earnings before income taxes and losses of unconsolidated affiliate	The following is a reconciliation of total profit from reportable segments to income before income taxes for the three and six months ended January 31, 2025 and 2024: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Total profit from reportable segments $ 57,364 $ 58,949 $ 125,378 $ 125,590 Unallocated amounts: Administrative costs (6,130) (5,023) (15,222) (11,934) Investment and other income 2,125 2,684 3,359 3,122 Interest expense (1,312) (790) (2,668) (1,556) Income before income taxes $ 52,047 $ 55,820 $ 110,847 $ 115,222

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jan. 31, 2025
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, 2025 2024 2025 2024 Numerator (in thousands): Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) $ 40,334 $ 43,628 $ 87,117 $ 90,869 Less: Preferential dividends — — (736) (748) Preferential dividends on dilutive stock options — — (8) (5) Numerator for basic and diluted income per Class B Voting Common Share $ 40,334 $ 43,628 $ 86,373 $ 90,116 Denominator (in thousands): Denominator for basic income per share for both Class A and Class B 47,851 48,374 47,792 48,440 Plus: Effect of dilutive equity awards 455 351 469 328 Denominator for diluted income per share for both Class A and Class B 48,306 48,725 48,261 48,768 Net income per Class A Nonvoting Common Share: Basic $ 0.84 $ 0.90 $ 1.82 $ 1.88 Diluted $ 0.83 $ 0.90 $ 1.81 $ 1.86 Net income per Class B Voting Common Share: Basic $ 0.84 $ 0.90 $ 1.81 $ 1.86 Diluted $ 0.83 $ 0.90 $ 1.79 $ 1.85

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jan. 31, 2025
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, 2025 and July 31, 2024: January 31, 2025 July 31, 2024 Fair Value Hierarchy Assets: Deferred compensation plan assets $ 19,350 $ 20,029 Level 1 Foreign exchange contracts 741 137 Level 2 Liabilities: Foreign exchange contracts 1,075 730 Level 2

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jan. 31, 2025
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, 2025 July 31, 2024 Designated as cash flow hedges $ 29,660 $ 59,207 Non-designated hedges 4,133 4,459 Total foreign exchange contracts $ 33,793 $ 63,666
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as hedging instruments: Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Gains (losses) recognized in OCI: Forward exchange contracts (cash flow hedges) $ 935 $ 1,083 $ (403) $ 789 Foreign currency denominated debt (net investment hedges) 1,460 (969) 1,270 539 (Losses) gains reclassified from OCI into cost of goods sold Forward exchange contracts (cash flow hedges) (463) 254 1 1,539
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, 2025 July 31, 2024 Prepaid expenses and other current assets Other current liabilities Long-term obligations Prepaid expenses and other current assets Other current liabilities Long-term obligations Derivatives designated as hedging instruments: Foreign exchange contracts (cash flow hedges) $ 741 $ 1,060 $ — $ 137 $ 726 $ — Foreign currency denominated debt (net investment hedges) — — 32,790 — — 34,060 Derivatives not designated as hedging instruments: Foreign exchange contracts (non-designated hedges) — 15 — — 4 — Total derivative instruments $ 741 $ 1,075 $ 32,790 $ 137 $ 730 $ 34,060

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jan. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed at the date of the acquisition: Cash and cash equivalents $ 7,469 Accounts receivable, net 23,697 Inventories 21,190 Prepaid expenses and other current assets 549 Property, plant and equipment — net 2,472 Goodwill 69,936 Other intangible assets 64,099 Operating lease assets 6,800 Other assets 1,034 Accounts payable (17,353) Accrued compensation and benefits (9,106) Taxes, other than income taxes (6,680) Accrued income taxes (1,807) Other current liabilities (17,688) Operating lease liabilities (6,800) Other liabilities (6,729) Net assets acquired $ 131,083 Less: cash acquired (7,469) Fair value of total consideration $ 123,614 The final purchase price allocation is subject to post-closing adjustments pursuant to the terms of the securities sale and purchase agreement, as well as the finalization of certain accounts, primarily intangible assets and deferred tax adjustments. The goodwill for this acquisition is not deductible for tax purposes.
Business Acquisition, Pro Forma Information	The following table presents the unaudited pro forma operating results for the three and six months ended January 31, 2025 and 2024, reflecting the acquisition of Gravotech as if it had occurred at the beginning of fiscal year 2024. The unaudited pro forma operating results for the three and six months ended January 31, 2025 do not contain any adjustments to the accompanying condensed consolidated financial statements. The unaudited pro forma operating results for the three and six months ended January 31, 2024 include Gravotech’s normal operating results and pro forma adjustments to include cumulative expenses, net of tax, for the non-recurring fair value adjustment to inventory, amortization expense for acquired intangible assets and interest expense on acquisition-related debt. The unaudited pro forma operating results are presented for comparative purposes only and do not necessarily reflect future operating results or those that would have occurred had the acquisition been completed at the beginning of fiscal year 2024. Three months ended January 31, Six months ended January 31, 2025 2024 2025 2024 Net sales, pro forma $ 356,675 $ 352,412 $ 733,740 $ 713,521 Net income, pro forma 40,334 43,384 87,117 86,918

Additional Balance Sheet Info_3

Additional Balance Sheet Information (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jul. 31, 2024
Inventory Disclosure [Abstract]
Finished products	$ 102,614	$ 89,430
Work-in-process	27,418	24,601
Raw materials and supplies	51,778	38,698
Total inventories	181,810	152,729
Property, Plant and Equipment, Gross [Abstract]
Accumulated Depreciation of PPE	$ (307,266)	$ (304,199)

Other Intangible Assets (Detail

Other Intangible Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jul. 31, 2024
Other Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 146,781	$ 81,900
Finite-Lived Intangible Assets, Accumulated Amortization	(38,325)	(30,061)
Intangible Assets, Net (Excluding Goodwill), Total	108,456	51,839
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 7,512	$ 7,570
Tradenames
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	2 years	3 years
Finite-Lived Intangible Assets, Gross	$ 831	$ 600
Finite-Lived Intangible Assets, Accumulated Amortization	(208)	(600)
Finite-Lived Intangible Assets, Net	$ 623	$ 0
Customer relationships
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	8 years	9 years
Finite-Lived Intangible Assets, Gross	$ 119,165	$ 64,430
Finite-Lived Intangible Assets, Accumulated Amortization	(30,026)	(23,279)
Finite-Lived Intangible Assets, Net	$ 89,139	$ 41,151
Technology-Based Intangible Assets
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years	5 years
Finite-Lived Intangible Assets, Gross	$ 19,273	$ 9,300
Finite-Lived Intangible Assets, Accumulated Amortization	(8,091)	(6,182)
Finite-Lived Intangible Assets, Net	$ 11,182	$ 3,118

Other Intangible Assets - Addit

Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 4,671	$ 2,364	$ 9,384	$ 4,719

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Leases [Abstract]
Operating Lease, Cost	$ 4,539	$ 3,804	$ 9,274	$ 7,869
Operating cash outflows from operating leases			9,157	8,585
Operating lease assets obtained in exchange for new operating lease liabilities (1)			$ 12,749	$ 2,551

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (109,622)	$ (93,061)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(21,902)	(5,423)
Amounts reclassified from accumulated other comprehensive loss	(303)	(1,457)
Ending balance	(131,827)	(99,941)
Unrealized loss on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(149)	1,641
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(643)	350
Amounts reclassified from accumulated other comprehensive loss	(1)	(1,155)
Ending balance	(793)	836
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	462	756
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Amounts reclassified from accumulated other comprehensive loss	(302)	(302)
Ending balance	160	454
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(109,935)	(95,458)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(21,259)	(5,773)
Amounts reclassified from accumulated other comprehensive loss	0	0
Ending balance	$ (131,194)	$ (101,231)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Other Comprehensive Income (Loss), Tax [Abstract]
Cash flow hedges	$ (292)	$ 73	$ (240)	$ (55)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Jul. 31, 2024
Revenue Recognition [Abstract]
Contract with Customer, Liability	$ 2,963		$ 2,963		$ 2,947
Deferred Revenue, Revenue Recognized	$ 341	$ 321	$ 678	$ 635
Remaining Performance Obligations Expected as Revenue During the Remainder of the Current Fiscal Year	22%		22%
Remaining Performance Obligations Expected as Revenue Over the Next Full Fiscal Year	35%		35%

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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Net Sales by Segment
Net sales	$ 356,675	$ 322,624	$ 733,740	$ 654,607
Americas & Asia
Net Sales by Segment
Net sales	233,846	211,643	479,274	433,269
Americas & Asia | Americas
Net Sales by Segment
Net sales	202,547	185,976	416,580	382,262
Americas & Asia | Asia
Net Sales by Segment
Net sales	31,299	25,667	62,694	51,007
Europe & Australia
Net Sales by Segment
Net sales	122,829	110,981	254,466	221,338
Europe & Australia | Europe
Net Sales by Segment
Net sales	110,477	98,371	226,630	194,704
Europe & Australia | Australia
Net Sales by Segment
Net sales	$ 12,352	$ 12,610	$ 27,836	$ 26,634

Segment Information Segment Pro

Segment Information Segment Profit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Segment Profit
Segment profit	$ 57,364	$ 58,949	$ 125,378	$ 125,590
Americas & Asia
Segment Profit
Segment profit	45,986	43,895	100,886	93,792
Europe & Australia
Segment Profit
Segment profit	$ 11,378	$ 15,054	$ 24,492	$ 31,798

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Segment profit	$ 57,364	$ 58,949	$ 125,378	$ 125,590
Unallocated amounts:
Administrative costs	(6,130)	(5,023)	(15,222)	(11,934)
Investment and other income	2,125	2,684	3,359	3,122
Interest expense	(1,312)	(790)	(2,668)	(1,556)
Income before income taxes	$ 52,047	$ 55,820	$ 110,847	$ 115,222

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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share [Line Items]
Net income	$ 40,334	$ 43,628	$ 87,117	$ 90,869
Denominator for basic income per share for both Class A and Class B	47,851	48,374	47,792	48,440
Plus: Effect of dilutive equity awards	455	351	469	328
Denominator for diluted income per share for both Class A and Class B	48,306	48,725	48,261	48,768
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Basic	$ 0.84	$ 0.90	$ 1.82	$ 1.88
Diluted	$ 0.83	$ 0.90	$ 1.81	$ 1.86
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ 0	$ 0	$ 736	$ 748
Preferential dividends on dilutive stock options	0	0	(8)	(5)
Numerator for basic and diluted income per Class B Voting Common Share	$ 40,334	$ 43,628	$ 86,373	$ 90,116
Basic	$ 0.84	$ 0.90	$ 1.81	$ 1.86
Diluted	$ 0.83	$ 0.90	$ 1.79	$ 1.85

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share [Abstract]
Anti-dilutive Shares	0	49,562	8,639	181,674

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jan. 31, 2025	Jul. 31, 2024
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	$ 19,350	$ 20,029
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	741	137
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	$ 1,075	$ 730

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Notional Value of Derivatives Outstanding (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jul. 31, 2024
Derivative [Line Items]
Derivative, Notional Amount	$ 33,793	$ 63,666
Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	29,660	59,207
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Notional Amount	$ 4,133	$ 4,459

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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gain (loss) recognized in other comprehensive (loss) income	$ 935	$ 1,083	$ (403)	$ 789
Foreign currency denominated debt (net investment hedges)	1,460	(969)	1,270	539
Forward exchange contracts (cash flow hedges)	$ (463)	$ 254	$ 1	$ 1,539

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jan. 31, 2025	Jul. 31, 2024
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value
Derivative Assets	$ 741	$ 137
Other current liabilities [Member]
Derivatives, Fair Value
Derivative Liability, Current	$ 1,075	$ 730
Foreign Line of Credit
Derivatives, Fair Value
Derivative Liability, Noncurrent	Long-term debt	Long-term debt
Designated as Hedging Instrument | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value
Derivative Assets	$ 741	$ 137
Designated as Hedging Instrument | Other current liabilities [Member]
Derivatives, Fair Value
Derivative Liability, Current	$ 1,060	$ 726
Designated as Hedging Instrument | Foreign Line of Credit | Net Investment Hedging
Derivatives, Fair Value
Derivative Liability, Noncurrent	Long-term debt	Long-term debt
Not Designated as Hedging Instrument | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value
Derivative Assets	$ 0	$ 0
Not Designated as Hedging Instrument | Other current liabilities [Member]
Derivatives, Fair Value
Derivative Liability, Current	$ 15	$ 4

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 31, 2025	Jul. 31, 2024	Jan. 31, 2024	Jul. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Maturities	18 months
Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 529	$ 124
Accumulated other comprehensive loss	(131,827)	(109,622)	$ (99,941)	$ (93,061)
Net Investment Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive loss	$ 33	$ (1,237)

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jan. 31, 2025 Rate	Jan. 31, 2024 Rate	Jan. 31, 2025 Rate	Jan. 31, 2024 Rate
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	22.50%	21.80%	21.40%	21.10%

Business Combinations, Descript

Business Combinations, Descriptions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Oct. 01, 2024	Aug. 01, 2024	Jul. 31, 2024
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 137,348	$ 0
Goodwill	$ 661,288				$ 589,611
Gravotech Acquisition
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity	Gravotech
Business Acquisition, Effective Date of Acquisition	Aug. 01, 2024
Business Acquisition, Description of Acquired Entity	Headquartered in Lyon, France, Gravotech is a leader in the design, manufacture and distribution of innovative solutions for specialized engraving, marking and cutting, offering laser, mechanical engraving, scribing and dot peen capabilities across multiple industries. The acquisition of Gravotech expands the Company’s identification product offerings and research and development capabilities to include specialized direct part marking and engraving expertise.
Goodwill				$ 69,936
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Assets				6,800
Gravotech Acquisition | Americas & Asia
Business Acquisition [Line Items]
Goodwill				$ 48,586
AB&R Acquisition
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity	AB&R
Business Acquisition, Effective Date of Acquisition	Oct. 01, 2024
Business Combination, Reason for Business Combination	Based in Phoenix, Arizona, AB&R provides integrated solutions for asset tracking, inventory management, and workflow optimization using advanced identification and tracking technologies, including barcoding, radio frequency identification (“RFID”) and Internet of Things (“IoT”)-based systems.
Payments to Acquire Businesses, Net of Cash Acquired	$ 15,625
Business Acquisition, Goodwill, Expected Tax Deductible Amount			$ 10,877
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets			4,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Assets			148
Business Combination, Acquisition Related Costs	$ 305
AB&R Acquisition | Americas & Asia
Business Acquisition [Line Items]
Goodwill			$ 10,877

Acquisition Fair Values of the

Acquisition Fair Values of the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Oct. 01, 2024	Aug. 01, 2024	Jul. 31, 2024
Business Acquisition [Line Items]
Goodwill	$ 661,288			$ 589,611
Gravotech Acquisition
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			$ 7,469
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables			23,697
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory			21,190
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets			549
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			2,472
Goodwill			69,936
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			64,099
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Assets			6,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets			1,034
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable			(17,353)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Compensation and Benefits			(9,106)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Taxes other than income taxes			(6,680)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities			(1,807)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			(17,688)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation			(6,800)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other			(6,729)
Business Combination, Recognized Identifiable Assets Acquired Including Cash and Liabilities Assumed, Net			131,083
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			123,614
Gravotech Acquisition | Americas & Asia
Business Acquisition [Line Items]
Goodwill			48,586
Gravotech Acquisition | Europe & Australia
Business Acquisition [Line Items]
Goodwill			$ 21,350
AB&R Acquisition
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Assets		$ 148
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		4,600
AB&R Acquisition | Americas & Asia
Business Acquisition [Line Items]
Goodwill		$ 10,877

Business Combinations, Pro Form

Business Combinations, Pro Forma Information, Gravotech (Details) - Gravotech Acquisition - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue	$ 356,675	$ 352,412	$ 733,740	$ 713,521
Business Acquisition, Pro Forma Net Income (Loss)	$ 40,334	$ 43,384	$ 87,117	$ 86,918

Acquisition - Additional Inform

Acquisition - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Oct. 01, 2024	Aug. 01, 2024	Jul. 31, 2024
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 137,348	$ 0
Goodwill	661,288				$ 589,611
AB&R Acquisition
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	15,625
Business Combination, Acquisition Related Costs	305
Business Acquisition, Goodwill, Expected Tax Deductible Amount			$ 10,877
AB&R Acquisition | Americas & Asia
Business Acquisition [Line Items]
Goodwill			$ 10,877
Gravotech Acquisition
Business Acquisition [Line Items]
Goodwill				$ 69,936
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	56,853
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	$ 8,266
Gravotech Acquisition | Americas & Asia
Business Acquisition [Line Items]
Goodwill				$ 48,586