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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Net sales $ 275,927 $ 286,816 $ 824,104 $ 838,519
Cost of products sold 136,018 141,373 409,679 420,835
Gross margin 139,909 145,443 414,425 417,684
Operating expenses:        
Research and development 9,950 8,865 28,577 26,531
Selling, general and administrative 98,409 105,794 291,128 306,678
Total operating expenses 108,359 114,659 319,705 333,209
Operating income 31,550 30,784 94,720 84,475
Other income (expense):        
Investment and other income (expense) 453 721 560 (1,030)
Interest expense (1,375) (1,838) (4,565) (6,119)
Earnings before income taxes 30,628 29,667 90,715 77,326
Income tax expense 8,075 8,686 20,312 22,352
Net earnings $ 22,553 $ 20,981 $ 70,403 $ 54,974
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding, basic (in thousands): 51,227 50,251 50,972 50,602
Weighted average common shares outstanding, diluted (in thousands): 52,201 50,505 51,882 50,747
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.44 $ 0.42 $ 1.38 $ 1.09
Net earnings per share, diluted 0.43 0.42 1.36 1.08
Dividends $ 0.21 $ 0.20 $ 0.62 $ 0.61
Class B voting common stock        
Other income (expense):        
Earnings from continuing operations $ (22,553) $ 20,981 $ 69,601 $ 54,190
Earnings Per Share        
Net earnings per share, basic $ 0.44 $ 0.42 $ 1.37 $ 1.07
Net earnings per share, diluted 0.43 0.42 1.34 1.07
Dividends $ 0.21 $ 0.20 $ 0.60 $ 0.59