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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
Net sales      
Product sales $ 584,750,000 $ 493,656,000 $ 434,531,000
Product service 80,005,000 71,348,000 54,218,000
Total net sales 664,755,000 565,004,000 488,749,000
Cost of sales      
Product sales 300,704,000 260,903,000 236,429,000
Product service 54,865,000 50,634,000 39,021,000
Total cost of sales 355,569,000 311,537,000 275,450,000
Gross profit 309,186,000 253,467,000 213,299,000
Expenses:      
Selling 99,062,000 80,787,000 66,519,000
General and administrative 97,463,000 77,897,000 65,039,000
Research and development 15,410,000 14,022,000 10,813,000
Total operating expenses 211,935,000 172,706,000 142,371,000
Income from operations 97,251,000 80,761,000 70,928,000
Interest expense 3,408,000 2,432,000 2,380,000
Interest income (88,000) (68,000) (63,000)
Loss on sale of business   2,206,000  
Income before income taxes 93,931,000 76,191,000 68,611,000
Income taxes 33,978,000 28,238,000 25,346,000
Net income $ 59,953,000 $ 47,953,000 $ 43,265,000
Earnings per common share:      
Basic (in dollars per share) $ 1.44 $ 1.16 $ 1.05
Diluted (in dollars per share) 1.44 1.15 1.04
Dividends per common share (in dollars per share) $ 0.12 $ 0.10 $ 0.09