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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2019
Jan. 31, 2018
Net sales $ 282,426 $ 287,780 $ 575,622 $ 577,931
Cost of products sold 142,616 144,088 289,273 288,174
Gross margin 139,810 143,692 286,349 289,757
Operating expenses:        
Research and development 11,074 11,314 22,400 21,834
Selling, general and administrative 92,706 97,582 187,297 197,716
Total operating expenses 103,780 108,896 209,697 219,550
Operating income 36,030 34,796 76,652 70,207
Other income (expense):        
Investment and other income 1,377 1,056 1,360 1,272
Interest expense (717) (829) (1,429) (1,692)
Earnings before income taxes 36,690 35,023 76,583 69,787
Income tax expense 7,463 30,750 16,719 39,678
Net earnings $ 29,227 $ 4,273 $ 59,864 $ 30,109
Weighted average common shares outstanding (in thousands):        
Basic 52,532 51,698 52,366 51,569
Diluted 53,206 52,719 53,082 52,551
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.56 $ 0.08 $ 1.14 $ 0.58
Net earnings per share, diluted 0.55 0.08 1.13 0.57
Dividends 0.21 0.21 0.43 0.42
Class B voting common stock        
Earnings Per Share        
Net earnings per share, basic 0.56 0.08 1.13 0.57
Net earnings per share, diluted 0.55 0.08 1.11 0.56
Dividends $ 0.21 $ 0.21 $ 0.41 $ 0.40