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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Net sales        
Net sales $ 228,552 $ 217,268 $ 678,679 $ 643,068
Cost of sales        
Cost of sales 121,675 112,594 361,878 336,500
Gross profit 106,877 104,674 316,801 306,568
Expenses:        
Selling 36,077 33,252 103,233 95,774
General and administrative 48,634 37,784 122,527 102,068
Research and development 7,354 6,571 22,355 17,543
Total operating expenses 92,065 77,607 248,115 215,385
Income from operations 14,812 27,067 68,686 91,183
Interest expense, net 2,509 1,498 6,742 3,822
Other income, net 0 0 (1,313) (1,138)
Income before income taxes 12,303 25,569 63,257 88,499
Income taxes 4,128 6,833 17,040 14,346
Net income $ 8,175 $ 18,736 $ 46,217 $ 74,153
Earnings per common share:        
Basic (in dollars per share) $ 0.20 $ 0.45 $ 1.11 $ 1.78
Diluted (in dollars per share) 0.20 0.45 1.11 1.77
Dividends per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.10 $ 0.09
Product sales        
Net sales        
Net sales $ 197,478 $ 189,861 $ 587,251 $ 564,310
Cost of sales        
Cost of sales 99,867 93,762 299,595 283,005
Product service        
Net sales        
Net sales 31,074 27,407 91,428 78,758
Cost of sales        
Cost of sales $ 21,808 $ 18,832 $ 62,283 $ 53,495