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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Net sales $ 286,947 $ 293,196
Cost of goods sold 145,542 146,657
Gross margin 141,405 146,539
Operating expenses:    
Research and development 10,967 11,326
Selling, general and administrative 89,547 94,591
Total operating expenses 100,514 105,917
Operating income 40,891 40,622
Other income (expense):    
Investment and other income (expense) 1,380 (17)
Interest expense (701) (712)
Income before income taxes 41,570 39,893
Income tax expense 4,072 9,256
Net income $ 37,498 $ 30,637
Weighted average common shares outstanding:    
Weighted average common shares outstanding, basic (in thousands): 53,143 52,201
Weighted average common shares outstanding, diluted (in thousands): 53,736 52,958
Class A Nonvoting Common Stock    
Earnings Per Share    
Net income per share, basic $ 0.71 $ 0.59
Net income per share, diluted 0.70 0.58
Dividends 0.22 0.21
Class B Voting Common Stock    
Earnings Per Share    
Net income per share, basic 0.69 0.57
Net income per share, diluted 0.68 0.56
Dividends $ 0.20 $ 0.20