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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Net sales        
Net sales $ 236,933 $ 228,552 $ 782,677 $ 678,679
Cost of sales        
Cost of sales 135,950 121,675 443,581 361,878
Gross profit 100,983 106,877 339,096 316,801
Expenses:        
Selling 38,057 36,077 121,208 103,233
General and administrative 32,133 48,634 149,471 122,527
Research and development 8,349 7,354 23,953 22,355
Total operating expenses 78,539 92,065 294,632 248,115
Income from operations 22,444 14,812 44,464 68,686
Interest expense, net 10,113 2,509 26,082 6,742
Other income, net 0 0 0 (1,313)
Income before income taxes 12,331 12,303 18,382 63,257
Income taxes (3,456) 4,128 (909) 17,040
Net income $ 15,787 $ 8,175 $ 19,291 $ 46,217
Earnings per common share:        
Basic (in dollars per share) $ 0.37 $ 0.20 $ 0.46 $ 1.11
Diluted (in dollars per share) 0.37 0.20 0.46 1.11
Dividends per common share (in dollars per share) $ 0 $ 0 $ 0.11 $ 0.10
Product sales        
Net sales        
Net sales $ 207,690 $ 197,478 $ 690,303 $ 587,251
Cost of sales        
Cost of sales 116,488 99,867 381,965 299,595
Product service        
Net sales        
Net sales 29,243 31,074 92,374 91,428
Cost of sales        
Cost of sales $ 19,462 $ 21,808 $ 61,616 $ 62,283