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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Net sales $ 286,816 $ 290,227 $ 838,519 $ 883,095
Cost of products sold 141,373 149,228 420,835 453,732
Gross margin 145,443 140,999 417,684 429,363
Operating expenses:        
Research and development 8,865 8,928 26,531 27,507
Selling, general and administrative 105,794 102,952 306,678 319,796
Restructuring charges 0 4,834 0 13,991
Total operating expenses 114,659 116,714 333,209 361,294
Operating income 30,784 24,285 84,475 68,069
Other income (expense):        
Investment and other income (expense) 721 434 (1,030) 968
Interest expense (1,838) (2,503) (6,119) (8,394)
Earnings from continuing operations before income taxes 29,667 22,216 77,326 60,643
Income tax expense 8,686 5,003 22,352 16,347
Earnings from continuing operations 20,981 17,213 54,974 44,296
Loss from discontinued operations, net of income taxes 0 0 0 (1,915)
Net earnings $ 20,981 $ 17,213 $ 54,974 $ 42,381
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding, basic (in thousands): 50,251 51,301 50,602 51,275
Weighted average common shares outstanding, diluted (in thousands): 50,505 51,450 50,747 51,370
Class A nonvoting common stock        
Earnings Per Share        
Earnings from continuing operations per basic share $ 0.42 $ 0.34 $ 1.09 $ 0.86
Earnings from continuing operations per diluted share 0.42 0.33 1.08 0.86
Earnings (loss) from discontinued operations per basic share 0.00 0.00 0.00 (0.03)
Earnings (loss) from discontinued operations per diluted share 0.00 0.00 0.00 (0.03)
Net earnings per share, basic 0.42 0.34 1.09 0.83
Net earnings per share, diluted 0.42 0.33 1.08 0.83
Dividends $ 0.20 $ 0.20 $ 0.61 $ 0.60
Class B voting common stock        
Other income (expense):        
Earnings from continuing operations $ 20,981 $ 17,213 $ 54,190 $ 43,501
Earnings Per Share        
Earnings from continuing operations per basic share $ 0.42 $ 0.34 $ 1.07 $ 0.85
Earnings from continuing operations per diluted share 0.42 0.33 1.07 0.85
Earnings (loss) from discontinued operations per basic share 0.00 0.00 0.00 (0.04)
Earnings (loss) from discontinued operations per diluted share 0.00 0.00 0.00 (0.04)
Net earnings per share, basic 0.42 0.34 1.07 0.81
Net earnings per share, diluted 0.42 0.33 1.07 0.81
Dividends $ 0.20 $ 0.20 $ 0.59 $ 0.58