XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Net sales $ 295,503 $ 265,943 $ 838,568 $ 829,555
Cost of goods sold 146,656 136,416 424,771 419,496
Gross margin 148,847 129,527 413,797 410,059
Operating expenses:        
Research and development 11,305 9,814 31,384 31,298
Selling, general and administrative 90,817 83,223 256,088 260,136
Impairment charges 0 13,821 0 13,821
Total operating expenses 102,122 106,858 287,472 305,255
Operating income 46,725 22,669 126,325 104,804
Other income (expense):        
Investment and other income 1,181 112 3,372 3,252
Interest expense (131) (628) (288) (1,976)
Income before income taxes and losses of unconsolidated affiliate 47,775 22,153 129,409 106,080
Income tax expense 10,229 8,520 27,017 21,396
Income before losses of unconsolidated affiliate 37,546 13,633 102,392 84,684
Equity in losses of unconsolidated affiliate (255) 0 (760) 0
Net income $ 37,291 $ 13,633 $ 101,632 $ 84,684
Weighted average common shares outstanding:        
Basic 52,050 52,607 52,030 53,023
Diluted 52,449 52,972 52,341 53,512
Class A nonvoting common stock        
Earnings Per Share        
Basic $ 0.72 $ 0.26 $ 1.95 $ 1.60
Diluted 0.71 0.26 1.94 1.58
Dividends 0.22 0.22 0.66 0.65
Common Class B        
Earnings Per Share        
Basic 0.72 0.26 1.94 1.58
Diluted 0.71 0.26 1.93 1.57
Dividends $ 0.22 $ 0.22 $ 0.64 $ 0.64