As of April 30, 2025 and July 31, 2024 there were no derivative instruments designated as hedges, except for the net investment hedge discussed below.

The foreign currency transaction gains and losses on the portion of the Euro-denominated term loan designated and effective as a hedge of the Company’s net investment in its Euro-denominated functional currency subsidiaries are included as a component of the foreign currency translation adjustment. Losses, net of tax, included in the foreign currency translation adjustments were $2,979 for the three months ended April 30, 2025 and $2,741 for the nine months ended April 30, 2025. Gains, net of tax, included in the foreign currency translation adjustments were $2,984 for the three months ended April 30, 2024 and $10,156 for the nine months ended April 30, 2024.

There were no amounts reclassified out of accumulated other comprehensive income pertaining to the net investment hedge during the three and nine-month periods ended April 30, 2025 and April 30, 2024.

The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $42,834 and a fair value liability of $1,381 as of April 30, 2025. These other derivative instruments had a notional amount totaling approximately $22,333 and a fair value liability of $1,137 as of July 31, 2024. For these derivative instruments, changes in fair value are recognized in earnings.


	Three Months Ended April 30,
	2025				2024
			Interest					Interest
	Sales		Expense			Sales		Expense



Gain (Loss) on Derivatives Not Designated as Hedging Instruments
Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	$	(74)	$	—		$	(278)	$	—

Interest rate swap agreements	—		(49)			—		45
Total gain (loss)	$	(74)	$	(49)		$	(278)	$	45


	Nine Months Ended April 30,
	2025				2024
			Interest					Interest
	Sales		Expense			Sales		Expense



Gain (Loss) on Derivatives Not Designated as Hedging Instruments
Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	$	(488)	$	—		$	(353)	$	—

Interest rate swap agreements	—		(46)			—		(94)
Total gain (loss)	$	(488)	$	(46)		$	(353)	$	(94)