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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
Net sales $ 276,665 $ 282,426 $ 563,612 $ 575,622
Cost of goods sold 137,538 142,616 283,080 289,273
Gross margin 139,127 139,810 280,532 286,349
Operating expenses:        
Research and development 10,517 11,074 21,484 22,400
Selling, general and administrative 87,366 92,706 176,913 187,297
Total operating expenses 97,883 103,780 198,397 209,697
Operating income 41,244 36,030 82,135 76,652
Other income (expense):        
Investment and other income 1,760 1,377 3,140 1,360
Interest expense (647) (717) (1,348) (1,429)
Income before income taxes 42,357 36,690 83,927 76,583
Income tax expense 8,804 7,463 12,876 16,719
Net income $ 33,553 $ 29,227 $ 71,051 $ 59,864
Weighted average common shares outstanding:        
Basic 53,320 52,532 53,232 52,366
Diluted 53,827 53,206 53,781 53,082
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.63 $ 0.56 $ 1.33 $ 1.14
Net earnings per share, diluted 0.62 0.55 1.32 1.13
Dividends 0.22 0.21 0.44 0.43
Class B voting common stock        
Earnings Per Share        
Net earnings per share, basic 0.63 0.56 1.32 1.13
Net earnings per share, diluted 0.62 0.55 1.31 1.11
Dividends $ 0.22 $ 0.21 $ 0.42 $ 0.41