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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Net sales        
Product sales $ 153,795,000 $ 123,070,000 $ 426,303,000 $ 361,219,000
Product services 19,908,000 18,438,000 59,450,000 52,530,000
Total net sales 173,703,000 141,508,000 485,753,000 413,749,000
Cost of sales        
Product sales 78,902,000 64,664,000 221,022,000 191,833,000
Product services 14,480,000 13,245,000 40,875,000 37,212,000
Total cost of sales 93,382,000 77,909,000 261,897,000 229,045,000
Gross profit 80,321,000 63,599,000 223,856,000 184,704,000
Expenses:        
Selling 26,887,000 20,326,000 70,967,000 58,994,000
General and administrative 26,106,000 18,456,000 70,555,000 56,785,000
Research and development 4,065,000 3,536,000 10,899,000 10,296,000
Total operating expenses 57,058,000 42,318,000 152,421,000 126,075,000
Income from operations 23,263,000 21,281,000 71,435,000 58,629,000
Interest expense 890,000 636,000 2,549,000 1,847,000
Interest income (19,000) (17,000) (62,000) (48,000)
Loss on sale of business   2,206,000   2,206,000
Income before income taxes 22,392,000 18,456,000 68,948,000 54,624,000
Income taxes 8,373,000 6,100,000 25,286,000 19,944,000
Net income $ 14,019,000 $ 12,356,000 $ 43,662,000 $ 34,680,000
Earnings per common share:        
Basic (in dollars per share) $ 0.34 $ 0.30 $ 1.05 $ 0.84
Diluted (in dollars per share) $ 0.34 $ 0.30 1.05 0.83
Dividends per common share (in dollars per share)     $ 0.06 $ 0.05