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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Jan. 31, 2017
Jan. 31, 2016
Net sales        
Product sales $ 163,904,000 $ 138,702,000 $ 330,805,000 $ 272,508,000
Product service 20,913,000 19,569,000 41,737,000 39,542,000
Total net sales 184,817,000 158,271,000 372,542,000 312,050,000
Cost of sales        
Product sales 81,755,000 72,979,000 165,371,000 142,120,000
Product service 14,585,000 12,955,000 29,187,000 26,395,000
Total cost of sales 96,340,000 85,934,000 194,558,000 168,515,000
Gross profit 88,477,000 72,337,000 177,984,000 143,535,000
Expenses:        
Selling 26,910,000 22,620,000 54,803,000 44,080,000
General and administrative 28,465,000 22,252,000 58,468,000 44,449,000
Research and development 4,489,000 3,069,000 9,037,000 6,834,000
Total operating expenses 59,864,000 47,941,000 122,308,000 95,363,000
Income from operations 28,613,000 24,396,000 55,676,000 48,172,000
Interest expense 1,145,000 893,000 2,257,000 1,659,000
Interest income (19,000) (22,000) (38,000) (43,000)
Income before income taxes 27,487,000 23,525,000 53,457,000 46,556,000
Income taxes 9,417,000 8,136,000 16,587,000 16,913,000
Net income $ 18,070,000 $ 15,389,000 $ 36,870,000 $ 29,643,000
Earnings per common share:        
Basic (in dollars per share) $ 0.43 $ 0.37 $ 0.88 $ 0.71
Diluted (in dollars per share) $ 0.43 $ 0.37 0.88 0.71
Dividends per common share (in dollars per share)     $ 0.07 $ 0.06