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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Net sales $ 277,227 $ 286,947
Cost of goods sold 141,799 145,542
Gross margin 135,428 141,405
Operating expenses:    
Research and development 10,203 10,967
Selling, general and administrative 83,037 89,547
Total operating expenses 93,240 100,514
Operating income 42,188 40,891
Other income (expense):    
Investment and other income 155 1,380
Interest expense (106) (701)
Income before income taxes and losses of unconsolidated affiliate 42,237 41,570
Income tax expense 8,582 4,072
Income (Loss) From Continuing Operations Before Income (Loss) From Equity Method Investments 33,655 37,498
Income (Loss) from Equity Method Investments (174) 0
Net income $ 33,481 $ 37,498
Weighted average common shares outstanding:    
Weighted average common shares outstanding, basic (in thousands): 52,021 53,143
Weighted average common shares outstanding, diluted (in thousands): 52,292 53,736
Class A Nonvoting Common Stock    
Earnings Per Share    
Net income per share, basic $ 0.64 $ 0.71
Net income per share, diluted 0.64 0.70
Dividends 0.22 0.22
Class B Voting Common Stock    
Earnings Per Share    
Net income per share, basic 0.63 0.69
Net income per share, diluted 0.62 0.68
Dividends $ 0.20 $ 0.20