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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2019
Jan. 31, 2018
Net sales        
Net sales $ 224,538 $ 213,034 $ 450,127 $ 425,800
Cost of sales        
Cost of sales 119,863 111,799 240,203 223,906
Gross profit 104,675 101,235 209,924 201,894
Expenses:        
Selling 33,198 30,922 67,156 62,522
General and administrative 37,358 32,188 73,893 64,284
Research and development 7,923 5,643 15,001 10,972
Total operating expenses 78,479 68,753 156,050 137,778
Income from operations 26,196 32,482 53,874 64,116
Interest expense, net 2,207 1,135 4,233 2,324
Other income, net (1,313) 0 (1,313) (1,138)
Income before income taxes 25,302 31,347 50,954 62,930
Income taxes 6,502 (1,141) 12,912 7,513
Net income $ 18,800 $ 32,488 $ 38,042 $ 55,417
Earnings per common share:        
Basic (in dollars per share) $ 0.45 $ 0.78 $ 0.91 $ 1.33
Diluted (in dollars per share) 0.45 0.78 0.91 1.33
Dividends declared per common share (in dollars per share) $ 0.10 $ 0.09 $ 0.10 $ 0.09
Product sales        
Net sales        
Net sales $ 194,013 $ 186,484 $ 389,773 $ 374,449
Cost of sales        
Cost of sales 100,418 94,144 199,728 189,243
Product service        
Net sales        
Net sales 30,525 26,550 60,354 51,351
Cost of sales        
Cost of sales $ 19,445 $ 17,655 $ 40,475 $ 34,663