Derivatives and Hedging Activities (Tables)

12 Months Ended

Jul. 31, 2026

The U.S. dollar equivalent notional amounts of outstanding forward exchange contracts were as follows as of July 31, 2026 and 2025:


	July 31, 2026		July 31, 2025
Designated as cash flow hedges	$	55,115	$	53,542
Non-designated hedges	2,060		4,380
Total foreign exchange contracts	$	57,175	$	57,922

The following table summarizes the amount of pre-tax gains and losses related to derivatives designated as hedging instruments:


	July 31, 2026		July 31, 2025		July 31, 2024
Gains (losses) recognized in OCI:
Forward exchange contracts (cash flow hedges)	$	1,709	$	(963)	$	517
Foreign currency denominated debt (net investment hedges)	(352)		(1,516)		509
Gains (losses) reclassified from OCI into cost of goods sold:
Forward exchange contracts (cash flow hedges)	474		(594)		2,221

Fair values of derivative and hedging instruments in the accompanying consolidated balance sheets were as follows:


	July 31, 2026						July 31, 2025
	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)	$	—	$	84	$	—	$	—	$	197	$	—
Foreign currency denominated debt (net investment hedges)	—		—		—		—		—		34,536
Derivatives not designated as hedging instruments:
Foreign exchange contracts (non-designated hedges)	—		—		—		—		1		—
Total derivative instruments	$	—	$	84	$	—	$	—	$	198	$	34,536