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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Net sales $ 290,151 $ 280,176
Cost of products sold 144,086 139,818
Gross margin 146,065 140,358
Operating expenses:    
Research and development 10,520 9,146
Selling, general and administrative 100,134 98,004
Total operating expenses 110,654 107,150
Operating income 35,411 33,208
Other income (expense):    
Investment and other income (expense) 216 (489)
Interest expense (863) (1,732)
Earnings before income taxes 34,764 30,987
Income tax expense 8,928 8,434
Net earnings $ 25,836 $ 22,553
Weighted average common shares outstanding (in thousands):    
Weighted average common shares outstanding, basic (in thousands): 51,440 50,634
Weighted average common shares outstanding, diluted (in thousands): 52,383 51,455
Class A Nonvoting Common Stock    
Earnings Per Share    
Net earnings per share, basic $ 0.50 $ 0.45
Net earnings per share, diluted 0.49 0.44
Dividends $ 0.21 $ 0.21
Class B Voting Common Stock    
Other income (expense):    
Earnings from continuing operations $ 25,021 $ 21,751
Earnings Per Share    
Net earnings per share, basic $ 0.49 $ 0.43
Net earnings per share, diluted 0.48 0.42
Dividends $ 0.19 $ 0.19