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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Net sales $ 1,081,299 $ 1,160,645 $ 1,173,851
Cost of goods sold 552,734 581,967 585,560
Gross margin 528,565 578,678 588,291
Operating expenses:      
Research and development 40,662 45,168 45,253
Selling, general and administrative 336,059 371,082 390,342
Total operating expenses 390,542 416,250 435,595
Operating income 138,023 162,428 152,696
Other income (expense):      
Investment and other income 5,079 5,046 2,487
Interest expense (2,166) (2,830) (3,168)
Income before income taxes and losses of unconsolidated affiliate 140,936 164,644 152,015
Income tax expense 28,321 33,386 60,955
Income (Loss) From Continuing Operations Before Income (Loss) From Equity Method Investments 112,615 131,258 91,060
Net income $ 112,369 $ 131,258 $ 91,060
Weighted average common shares outstanding:      
Basic (in shares) 52,763 52,596 51,677
Diluted (in shares) 53,231 53,323 52,524
Asset Impairment Charges $ 13,821 $ 0 $ 0
Income (Loss) from Equity Method Investments $ (246) $ 0 $ 0
Class A Nonvoting Common Stock [Member]      
Earnings per share:      
Net income per share, basic $ 2.13 $ 2.50 $ 1.76
Net income per share, diluted 2.11 2.46 1.73
Dividends 0.87 0.85 0.83
Class B Voting Common Stock [Member]      
Earnings per share:      
Net income per share, basic 2.11 2.48 1.75
Net income per share, diluted 2.10 2.45 1.72
Dividends $ 0.85 $ 0.83 $ 0.81