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Condensed Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
Net sales $ 1,046,823 $ 929,765 $ 2,482,116 $ 2,327,794
Cost of products sold 904,743 805,206 2,164,526 2,043,414
Gross profit 142,080 124,559 317,590 284,380
Selling, general and administrative expenses 56,953 52,571 149,060 140,907
Amortization of intangible assets 3,102 2,601 9,166 7,858
Impairment charges     710  
Interest income 314 572 1,215 2,081
Interest expense   2 7 7
Other income, net 409 606 1,229 1,500
Income from continuing operations before income taxes 82,748 70,563 161,091 139,189
Income taxes 27,623 21,850 52,354 42,708
Net income from continuing operations 55,125 48,713 108,737 96,481
Income (loss) from discontinued operations, net of income taxes (3) (4,956) 3,685 (1,840)
Net Income 55,122 43,757 112,422 94,641
Weighted average common shares outstanding:        
Basic 53,289,864 53,023,277 53,261,186 52,984,192
Diluted 53,385,364 53,114,475 53,345,644 53,088,391
Earnings per common share from continuing operations:        
Basic $ 1.03 $ 0.92 $ 2.04 $ 1.82
Diluted $ 1.03 $ 0.92 $ 2.04 $ 1.82
Earnings (loss) per common share from discontinued operations:        
Basic   $ (0.09) $ 0.07 $ (0.03)
Diluted   $ (0.10) $ 0.07 $ (0.04)
Earnings per common share:        
Basic $ 1.03 $ 0.83 $ 2.11 $ 1.79
Diluted $ 1.03 $ 0.82 $ 2.11 $ 1.78
Net income 55,122 43,757 112,422 94,641
Unrealized appreciation on investments, net of tax     22 17
Comprehensive income $ 55,122 $ 43,757 $ 112,444 $ 94,658
Regular Dividend
       
Earnings per common share:        
Dividends paid per common share $ 0.23 $ 0.18 $ 0.69 $ 0.54
Special Dividend
       
Earnings per common share:        
Dividends paid per common share     $ 1.00 $ 1.50