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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Net sales $ 338,551 $ 295,503 $ 978,081 $ 838,568
Cost of goods sold 174,525 146,656 509,705 424,771
Gross margin 164,026 148,847 468,376 413,797
Operating expenses:        
Research and development 14,923 11,305 42,795 31,384
Selling, general and administrative 96,214 90,817 285,485 256,088
Total operating expenses 111,137 102,122 328,280 287,472
Operating income 52,889 46,725 140,096 126,325
Other (expense) income:        
Investment and other (expense) income (1,308) 1,181 (1,343) 3,372
Interest expense (329) (131) (763) (288)
Income before income taxes and losses of unconsolidated affiliate 51,252 47,775 137,990 129,409
Income tax expense 11,198 10,229 29,075 27,017
Income before losses of unconsolidated affiliate 40,054 37,546 108,915 102,392
Equity in losses of unconsolidated affiliate 0 (255) 0 (760)
Net income $ 40,054 $ 37,291 $ 108,915 $ 101,632
Weighted average common shares outstanding:        
Basic 51,326 52,050 51,700 52,030
Diluted 51,568 52,449 52,055 52,341
Class A Nonvoting Common Stock [Member]        
Earnings Per Share        
Basic $ 0.78 $ 0.72 $ 2.11 $ 1.95
Diluted 0.78 0.71 2.09 1.94
Class B Voting Common Stock [Member]        
Earnings Per Share        
Basic 0.78 0.72 2.09 1.94
Diluted $ 0.78 $ 0.71 $ 2.08 $ 1.93