v3.26.1
Segment Information (Notes)
 9 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The Company’s Chief Executive Officer (“CEO”), who is also the Company’s Chief Operating Decision Maker (“CODM”), uses segment profit in measuring segment performance, allocating resources, evaluating performance in periodic reviews, and during the development of the annual budget and the regular forecasting process. The CODM considers budget-to-actual variances on a quarterly basis, as well as segment-specific forecasting, when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses the segment’s net sales in measuring segment performance.
The following is a summary of segment information as of and for the three and nine months ended April 30, 2026 and 2025:
Three months ended April 30,Nine months ended April 30,
2026202520262025
Americas & Asia
Net sales$290,055 $253,652 $810,552 $732,926 
Cost of goods sold139,782 123,827 395,479 362,078 
Gross margin150,273 129,825 415,073 370,848 
Segment expenses:
Research and development16,954 13,318 51,168 39,445 
Selling, general and administrative64,589 59,343 181,561 173,255 
Total segment expenses81,543 72,661 232,729 212,700 
Segment profit$68,730 $57,164 $182,344 $158,148 
Europe & Australia
Net sales$145,182 $128,938 $414,109 $383,404 
Cost of goods sold69,986 63,704 200,487 193,661 
Gross margin75,196 65,234 213,622 189,743 
Segment expenses:
Research and development6,577 5,873 19,964 17,390 
Selling, general and administrative47,149 41,883 138,034 130,481 
Total segment expenses53,726 47,756 157,998 147,871 
Segment profit$21,470 $17,478 $55,624 $41,872 
Total profit from reportable segments$90,200 $74,642 $237,968 $200,020 
Reconciliation to income before income taxes
Total profit from reportable segments$90,200 $74,642 $237,968 $200,020 
Unallocated costs:
Administrative costs(16,994)(7,452)(34,600)(22,674)
Investment and other income (expense)1,431 (509)3,948 2,850 
Interest expense(1,269)(936)(3,467)(3,604)
Income before income taxes$73,368 $65,745 $203,849 $176,592 
Other Segment Information
Depreciation & amortization:
Americas & Asia$7,452 $6,573 $22,110 $19,670 
Europe & Australia3,892 3,609 11,439 10,609 
Total Company$11,344 $10,182 $33,549 $30,279 
Expenditures for property, plant & equipment:
Americas & Asia$9,907 $2,550 $27,259 $12,003 
Europe & Australia1,140 1,712 5,735 6,682 
Total Company$11,047 $4,262 $32,994 $18,685