v3.26.3
Goodwill
12 Months Ended
Jul. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

NOTE 6 — Goodwill

The change in the carrying amount of goodwill was as follows:

 

 

July 31,

 

(In thousands)

 

2026

 

 

2025

 

Beginning balance

 

$

517,779

 

 

$

513,909

 

Adjustments related to business combinations

 

 

907

 

 

 

207

 

Effect of foreign currency exchange rates

 

 

(7,389

)

 

 

3,663

 

Ending balance

 

$

511,297

 

 

$

517,779

 

 

In accordance with the guidance in ASC 350, goodwill is tested for impairment on an annual basis or upon the occurrence of circumstances that indicate that goodwill may be impaired.

The Company’s annual goodwill impairment analysis, which was performed qualitatively during the fourth quarter of fiscal 2026 and 2025, did not result in an impairment charge. This qualitative analysis considered all relevant factors specific to the reporting units, including macroeconomic conditions; industry and market considerations; overall financial performance; and relevant entity-specific events.