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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Net sales    
Net sales $ 257,246 $ 225,589
Cost of sales    
Cost of sales 141,377 120,340
Gross profit 115,869 105,249
Expenses:    
Selling 38,411 33,958
General and administrative 55,287 36,535
Research and development 7,747 7,078
Total operating expenses 101,445 77,571
Income from operations 14,424 27,678
Interest expense, net 5,719 2,026
Income before income taxes 8,705 25,652
Income taxes 2,938 6,410
Net income $ 5,767 $ 19,242
Earnings per common share:    
Basic (in dollars per share) $ 0.14 $ 0.46
Diluted (in dollars per share) 0.14 0.46
Dividends per common share (in dollars per share) $ 0 $ 0
Product sales    
Net sales    
Net sales $ 225,678 $ 195,760
Cost of sales    
Cost of sales 120,586 99,310
Product service    
Net sales    
Net sales 31,568 29,829
Cost of sales    
Cost of sales $ 20,791 $ 21,030