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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Net sales $ 318,055 $ 265,838 $ 639,530 $ 543,065
Cost of goods sold 168,693 136,316 335,180 278,115
Gross margin 149,362 129,522 304,350 264,950
Operating expenses:        
Research and development 13,965 9,876 27,872 20,079
Selling, general and administrative 92,525 82,234 189,271 165,271
Total operating expenses 106,490 92,110 217,143 185,350
Operating income 42,872 37,412 87,207 79,600
Other (expense) income:        
Investment and other (expense) income (578) 2,036 (35) 2,191
Interest expense (252) (51) (434) (157)
Income before income taxes and losses of unconsolidated affiliate 42,042 39,397 86,738 81,634
Income tax expense 8,227 8,206 17,877 16,788
Income before losses of unconsolidated affiliate 33,815 31,191 68,861 64,846
Equity in losses of unconsolidated affiliate 0 (331) 0 (505)
Net income $ 33,815 $ 30,860 $ 68,861 $ 64,341
Weighted average common shares outstanding:        
Basic 51,800 52,018 51,887 52,020
Diluted 52,162 52,282 52,299 52,288
Class A Nonvoting Common Stock [Member]        
Earnings Per Share        
Basic $ 0.65 $ 0.59 $ 1.33 $ 1.24
Diluted 0.65 0.59 1.32 1.23
Class B Voting Common Stock [Member]        
Earnings Per Share        
Basic 0.65 0.59 1.31 1.22
Diluted $ 0.65 $ 0.59 $ 1.30 $ 1.21