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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
Net revenue:      
Product $ 502,752 $ 531,161 $ 509,527
Engineering 6,096 9,130 8,021
Total net revenue 508,848 540,291 517,548
Cost of sales:      
Product 275,632 302,974 290,951
Engineering 5,151 7,830 6,894
Total cost of sales 280,783 310,804 297,845
Gross profit 228,065 229,487 219,703
Operating expenses:      
Research and product development 67,119 68,462 73,828
Selling and marketing 65,266 63,489 59,157
General and administrative 60,826 57,291 54,147
Restructuring 9,641 [1],[2] (354) [1],[2] 3,483
Total operating expenses 202,852 188,888 190,615
Income from operations 25,213 40,599 29,088
Other income (expense):      
Interest income, net 208 73 253
(Loss) on sale of other investments     (484)
Other (expense) income, net (5,105) 361 181
Total other (expense) income, net (4,897) 434 (50)
Income before income taxes 20,316 41,033 29,038
Provision for (benefit from) income taxes 8,189 7,552 (5,442)
Net income $ 12,127 $ 33,481 $ 34,480
Net income per common share:      
Basic $ 0.98 $ 2.70 $ 2.78
Diluted $ 0.96 $ 2.66 $ 2.72
Weighted average shares outstanding:      
Basic 12,402 12,407 12,404
Diluted 12,615 12,606 12,667
Dividends declared and paid per share $ 0.40 $ 0.40 $ 0.40
[1] 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.
[2] Activity in fiscal year 2016 pertains to the Fiscal Year 2016 Restructuring Plan, the Fiscal Year 2014 Restructuring Plan and the 2013 Restructuring Plan. In fiscal year 2016, there were restructuring charges of $9.6 million and cash payments of ($4.4) million related to the Fiscal Year 2016 Restructuring Plan, while there were cash payments of ($0.2) million and ($0.4) million related to the Fiscal Year 2014 Restructuring Plan and Fiscal Year 2013 Restructuring Plan, respectively.