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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Net sales    
Net sales $ 225,589 $ 212,766
Cost of sales    
Cost of sales 120,340 112,107
Gross profit 105,249 100,659
Expenses:    
Selling 33,958 31,600
General and administrative 36,535 32,096
Research and development 7,078 5,329
Total operating expenses 77,571 69,025
Income from operations 27,678 31,634
Interest expense, net 2,026 1,189
Other income 0 (1,138)
Income before income taxes 25,652 31,583
Income taxes 6,410 8,654
Net income $ 19,242 $ 22,929
Earnings per common share:    
Basic (in dollars per share) $ 0.46 $ 0.55
Diluted (in dollars per share) 0.46 0.55
Dividends declared per common share (in dollars per share) $ 0 $ 0
Product sales    
Net sales    
Net sales $ 195,760 $ 187,965
Cost of sales    
Cost of sales 99,310 95,099
Product service    
Net sales    
Net sales 29,829 24,801
Cost of sales    
Cost of sales $ 21,030 $ 17,008