Unaudited Quarterly Financial Information

12 Months Ended

Jul. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Information


	Quarters
	First		Second		Third		Fourth		Total
Fiscal 2020
Net sales	$	286,947	$	276,665	$	265,943	$	251,744	$	1,081,299
Gross margin	141,405		139,127		129,527		118,506		528,565
Operating income (1)	40,891		41,244		22,669		33,219		138,023
Net income	37,498		33,553		13,633		27,685		112,369
Net income per Class A Nonvoting Common Share:
Basic	$	0.71	$	0.63	$	0.26	$	0.53	$	2.13
Diluted	$	0.70	$	0.62	$	0.26	$	0.53	$	2.11
Fiscal 2021 (2)
Net sales	$	277,227	$	265,838	$	295,503	$	306,130	$	1,144,698
Gross margin	135,428		129,522		148,847		147,649		561,446
Operating income	42,188		37,412		46,725		40,802		167,127
Net income (3)	33,481		30,860		37,291		28,027		129,659
Net income per Class A Nonvoting Common Share:
Basic	$	0.64	$	0.59	$	0.72	$	0.54	$	2.49
Diluted	$	0.64	$	0.59	$	0.71	$	0.53	$	2.47

(1) In the third quarter of fiscal 2020, the Company recognized before tax impairment charges of $13,821.

(2) In the fourth quarter of fiscal 2021, the Company acquired three companies: Nordic ID, Magicard, and Code. The operating results of the acquired companies are included in the Company’s consolidated financial statements from the date of acquisition.

(3) In the fourth quarter of fiscal 2021, the Company recognized other-than-temporary impairment charges of $4,994 of its equity method investment in React Mobile, Inc.