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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Jan. 31, 2017
Jan. 31, 2016
Net sales $ 268,001 $ 268,630 $ 548,177 $ 551,703
Cost of products sold 133,843 135,738 273,661 279,462
Gross margin 134,158 132,892 274,516 272,241
Operating expenses:        
Research and development 9,481 9,097 18,627 17,666
Selling, general and administrative 94,715 100,206 192,719 200,884
Total operating expenses 104,196 109,303 211,346 218,550
Operating income 29,962 23,589 63,170 53,691
Other income (expense):        
Investment and other income (expense) 596 (992) 107 (1,751)
Interest expense (1,458) (2,130) (3,190) (4,281)
Earnings before income taxes 29,100 20,467 60,087 47,659
Income tax expense 3,803 5,177 12,237 13,666
Net earnings $ 25,297 $ 15,290 $ 47,850 $ 33,993
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding, basic (in thousands): 51,054 50,527 50,844 50,778
Weighted average common shares outstanding, diluted (in thousands): 51,954 50,647 51,721 50,868
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.50 $ 0.30 $ 0.94 $ 0.67
Net earnings per share, diluted 0.49 0.30 0.93 0.67
Dividends $ 0.21 $ 0.20 $ 0.41 $ 0.41
Class B voting common stock        
Other income (expense):        
Earnings from continuing operations $ (25,297) $ 15,290 $ 47,048 $ 33,209
Earnings Per Share        
Net earnings per share, basic $ 0.50 $ 0.30 $ 0.93 $ 0.65
Net earnings per share, diluted 0.49 0.30 0.91 0.65
Dividends $ 0.21 $ 0.20 $ 0.39 $ 0.39