XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Net sales $ 298,421 $ 275,927 $ 876,352 $ 824,104
Cost of products sold 147,339 136,018 435,513 409,679
Gross margin 151,082 139,909 440,839 414,425
Operating expenses:        
Research and development 11,678 9,950 33,512 28,577
Selling, general and administrative 101,695 98,409 299,411 291,128
Total operating expenses 113,373 108,359 332,923 319,705
Operating income 37,709 31,550 107,916 94,720
Other income (expense):        
Investment and other income 31 453 1,303 560
Interest expense (761) (1,375) (2,453) (4,565)
Earnings before income taxes 36,979 30,628 106,766 90,715
Income tax expense 10,979 8,075 50,657 20,312
Net earnings $ 26,000 $ 22,553 $ 56,109 $ 70,403
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding, basic (in thousands): 51,747 51,227 51,628 50,972
Weighted average common shares outstanding, diluted (in thousands): 52,729 52,201 52,610 51,882
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.50 $ 0.44 $ 1.09 $ 1.38
Net earnings per share, diluted 0.49 0.43 1.07 1.36
Dividends $ 0.21 $ 0.21 $ 0.62 $ 0.62
Class B voting common stock        
Other income (expense):        
Earnings from continuing operations $ (26,000) $ 22,553 $ 55,294 $ 69,601
Earnings Per Share        
Net earnings per share, basic $ 0.50 $ 0.44 $ 1.07 $ 1.37
Net earnings per share, diluted 0.49 0.43 1.05 1.34
Dividends $ 0.21 $ 0.21 $ 0.61 $ 0.60