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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Net sales $ 1,113,316 $ 1,120,625 $ 1,171,731
Cost of products sold 555,024 561,852 613,299
Gross margin 558,292 558,773 558,432
Operating expenses:      
Research and development 39,624 35,799 36,734
Selling, general and administrative 387,653 405,096 422,704
Restructuring charges 0 0 16,821
Impairment charges 0 0 46,867
Total operating expenses 427,277 440,895 523,126
Operating income 131,015 117,878 35,306
Other income (expense):      
Investment and other income (expense) 1,121 (709) 845
Interest expense (5,504) (7,824) (11,156)
Earnings from continuing operations before income taxes 126,632 109,345 24,995
Income tax expense 30,987 29,235 20,093
Earnings from continuing operations 95,645 80,110 4,902
Loss from discontinued operations, net of income taxes 0 0 (1,915)
Net earnings $ 95,645 $ 80,110 $ 2,987
Weighted average common shares outstanding (in thousands):      
Basic (in shares) 51,056 50,541 51,285
Diluted (in shares) 51,956 50,769 51,383
Class A Nonvoting Common Stock [Member]      
Earnings per share:      
Earnings (loss) from continuing operations, per basic share $ 1.87 $ 1.59 $ 0.10
Earnings (loss) from continuing operations, per diluted share 1.84 1.58 0.10
(Loss) earnings from discontinued operations, per basic share 0.00 0.00 (0.04)
(Loss) earnings from discontinued operations, per diluted share 0.00 0.00 (0.04)
Net earnings (loss) per share, basic 1.87 1.59 0.06
Net earnings (loss) per share, diluted 1.84 1.58 0.06
Dividends $ 0.82 $ 0.81 $ 0.80
Class B Voting Common Stock [Member]      
Other income (expense):      
Earnings from continuing operations $ 94,843 $ 79,326 $ 4,107
Earnings per share:      
Earnings (loss) from continuing operations, per basic share $ 1.86 $ 1.57 $ 0.08
Earnings (loss) from continuing operations, per diluted share 1.83 1.56 0.08
(Loss) earnings from discontinued operations, per basic share 0.00 0.00 (0.04)
(Loss) earnings from discontinued operations, per diluted share 0.00 0.00 (0.04)
Net earnings (loss) per share, basic 1.86 1.57 0.04
Net earnings (loss) per share, diluted 1.83 1.56 0.04
Dividends $ 0.80 $ 0.79 $ 0.78