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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Net revenue:      
Product $ 531,161 $ 509,527 $ 526,725
Engineering 9,130 8,021 23,638
Total net revenue 540,291 517,548 550,363
Cost of sales:      
Product 302,974 290,951 313,458
Engineering 7,830 6,894 20,226
Total cost of sales 310,804 297,845 333,684
Gross profit 229,487 219,703 216,679
Operating expenses:      
Research and product development 68,462 73,828 63,990
Selling and marketing 63,489 59,157 51,268
General and administrative 57,291 54,147 52,527
Restructuring (354) [1],[2] 3,483 [1],[2] 3,519
Total operating expenses 188,888 190,615 171,304
Income from operations 40,599 29,088 45,375
Other income (expense):      
Interest income, net 73 253 371
(Loss) on sale of other investments   (484)  
Other income (expense), net 361 181 (1,649)
Total other expense, net 434 (50) (1,278)
Income before income taxes 41,033 29,038 44,097
Provision for (benefit from) income taxes 7,552 (5,442) 12,976
Net income $ 33,481 $ 34,480 $ 31,121
Net income per common share:      
Basic $ 2.70 $ 2.78 $ 2.54
Diluted $ 2.66 $ 2.72 $ 2.48
Weighted average shares outstanding:      
Basic 12,407 12,404 12,247
Diluted 12,606 12,667 12,569
Dividends declared and paid per share $ 0.40 $ 0.40 $ 0.40
[1] Activity in fiscal year 2014 pertains to both the Fiscal Year 2014 Restructuring Plan and the 2013 Restructuring Plan. In fiscal year 2014, the restructuring charges of $2.9 million relate to the Fiscal Year 2014 Restructuring Plan, while restructuring charges of $0.6 million and cash payments of ($2.5) million relate to the Fiscal Year 2013 Restructuring Plan.
[2] Activity in fiscal year 2015 pertains to both the Fiscal Year 2014 Restructuring Plan and the 2013 Restructuring Plan. In fiscal year 2015, the restructuring adjustments of ($0.3) million and cash payments of ($2.4) million relate to the Fiscal Year 2014 Restructuring Plan, while restructuring adjustments of ($0.1) million and cash payments of ($0.5) million relate to the Fiscal Year 2013 Restructuring Plan.