As of April 30, 2026 and July 31, 2025 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. There were losses, net of tax, of $2,558 included in the foreign currency translation adjustment for the three months ended April 30, 2026 and there were losses, net of tax, of $4,169 for the nine months ended April 30, 2026. 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.

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, 2026 and April 30, 2025.

The Company has certain other derivative instruments which have not been designated as hedges. These other derivative instruments had a notional amount totaling approximately $100,806 and a fair value asset of $18,391 as of April 30, 2026. These other derivative instruments had a notional amount totaling approximately $31,820 and a fair value asset of $9,675 as of July 31, 2025. For these derivative instruments, changes in fair value are recognized in earnings.


	Three Months Ended April 30,
	2026						2025
Gain (Loss) on Derivatives Not Designated as Hedging Instruments			Other		Interest				Interest
	Sales		Income, net		Expense		Sales		Expense




Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	$	(291)	$	—	$	—	$	(74)	$	—
Warrants to purchase shares	—		6,849		—		—		—
Interest rate swap agreements	—		—		74		—		(49)
Total gain (loss)	$	(291)	$	6,849	$	74	$	(74)	$	(49)


	Nine Months Ended April 30,
	2026						2025
Gain (Loss) on Derivatives Not Designated as Hedging Instruments			Other		Interest				Interest
	Sales		Income, net		Expense		Sales		Expense




Gain (loss) recognized in income, net of tax
Foreign currency forward contracts	$	(379)	$	66	$	—	$	(488)	$	—
Warrants to purchase shares	—		6,849		—		—		—
Interest rate swap agreements	—		—		97		—		(46)
Total gain (loss)	$	(379)	$	6,915	$	97	$	(488)	$	(46)