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Accrued Expenses (Tables)
 9 Months Ended
Apr. 30, 2024
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses
Accrued expenses were comprised of the following:
(in thousands)April 30, 2024July 31, 2023
Trade spend(a)
$10,835 $12,721 
Income taxes payable(b)
1,522 11,019 
Deferred compensation liability(c)
3,615 3,261 
Barrel purchases707 2,589 
Accrued professional fees595 599 
Bulk wine and other received not invoiced1,499 529 
Accrued invoices and other accrued expenses12,142 7,528 
Accrued expenses$30,915 $38,246 
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(a) Trade spend refers to estimated amounts the Company owes to distributors for depletion-based incentives.
(b) Effective March 2023, as revised in October 2023, the IRS postponed certain tax filings and payment deadlines, until November 2023, in areas designated with eligible Federal Emergency Management Agency declarations. During the third fiscal quarter of 2023, the Company deferred federal and state tax payments which were paid in full during the nine months ended April 30, 2024.
(c) The Company intends to use the cash surrender value of life insurance policies to partially settle its deferred compensation plan liability. The cash surrender value of the life insurance policies was $3.4 million and $2.7 million at April 30, 2024 and July 31, 2023, respectively, and is included in other assets on the Condensed Consolidated Statements of Financial Position.