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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Net sales        
Product sales $ 189,861 $ 170,073 $ 564,310 $ 500,878
Product service 27,407 22,040 78,758 63,777
Total net sales 217,268 192,113 643,068 564,655
Cost of sales        
Product sales 93,762 84,681 283,005 250,052
Product service 18,832 15,984 53,495 45,171
Total cost of sales 112,594 100,665 336,500 295,223
Gross profit 104,674 91,448 306,568 269,432
Expenses:        
Selling 33,252 30,509 95,774 85,312
General and administrative 37,784 29,204 102,068 87,672
Research and development 6,571 4,291 17,543 13,328
Total operating expenses 77,607 64,004 215,385 186,312
Income from operations 27,067 27,444 91,183 83,120
Interest expense, net 1,498 1,084 3,822 3,303
Other income 0 0 (1,138) 0
Income before income taxes 25,569 26,360 88,499 79,817
Income taxes 6,833 8,849 14,346 25,436
Net income $ 18,736 $ 17,511 $ 74,153 $ 54,381
Earnings per common share:        
Basic (in dollars per share) $ 0.45 $ 0.42 $ 1.78 $ 1.30
Diluted (in dollars per share) 0.45 0.42 1.77 1.30
Dividends declared per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.09 $ 0.07