Quarterly Results of Operations (unaudited)

12 Months Ended

Jul. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

Quarterly Results of Operations (unaudited)

The following is a summary of the quarterly results of operations for fiscal 2020 and 2019: 

Fiscal 2020	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Net sales	$	257,246		$	288,498		$	236,933		$	233,371
Cost of sales	141,377			166,254			135,950			136,494
Gross profit	115,869			122,244			100,983			96,877
Gross profit percentage	45.0		%	42.4		%	42.6		%	41.5		%
Net income (loss)	$	5,767		$	(2,263)		$	15,787		$	(5,583)
Earnings (loss) per common share:
Basic	$	0.14		$	(0.05)		$	0.37		$	(0.13)
Diluted	$	0.14		$	(0.05)		$	0.37		$	(0.13)

Fiscal 2019	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Net sales	$	225,589		$	224,538		$	228,552		$	239,476
Cost of sales	120,340			119,863			121,675			128,823
Gross profit	105,249			104,675			106,877			110,653
Gross profit percentage	46.7		%	46.6		%	46.8		%	46.2		%
Net income	$	19,242		$	18,800		$	8,175		$	8,825
Earnings per common share:
Basic	$	0.46		$	0.45		$	0.20		$	0.21
Diluted	$	0.46		$	0.45		$	0.20		$	0.21