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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
Net Sales $ 1,049,201 $ 926,458 $ 2,666,413 $ 2,196,428
Cost of products sold 915,402 816,988 2,358,626 1,952,600
Gross profit 133,799 109,470 307,787 243,828
Selling, general and administrative expenses 57,846 46,963 155,498 121,668
Impairment of goodwill and intangible assets 11,525   11,525  
Amortization of intangible assets 2,795 2,756 8,357 8,380
Interest income 574 936 2,088 2,996
Interest expense 98 101 265 371
Other income, net 516 633 1,537 958
Income before income taxes 62,625 61,219 135,767 117,363
Income taxes 18,868 19,878 41,126 39,984
Net income 43,757 41,341 94,641 77,379
Weighted average common shares outstanding:        
Basic 53,023,277 52,879,877 52,984,192 54,162,411
Diluted 53,114,475 52,970,357 53,088,391 54,212,663
Earnings per common share:        
Basic $ 0.83 $ 0.78 $ 1.79 $ 1.43
Diluted $ 0.82 $ 0.78 $ 1.78 $ 1.43
Net income 43,757 41,341 94,641 77,379
Unrealized appreciation (depreciation) on investments, net of tax   10 17 (5)
Comprehensive income $ 43,757 $ 41,351 $ 94,658 $ 77,374
Regular Dividend
       
Earnings per common share:        
Dividends declared and paid per common share: $ 0.18 $ 0.15 $ 0.54 $ 0.45
Special Dividend
       
Earnings per common share:        
Dividends declared and paid per common share:     $ 1.50