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Unaudited Quarterly Financial Data (Tables)
12 Months Ended
Jul. 31, 2016
Selected Quarterly Financial Information [Abstract]  
Unaudited Quarterly Financial Data
The following is a summary of unaudited quarterly operating results:
Fiscal 2016
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
 
 
Net sales
 
$
64,117,000

 
70,323,000

 
124,187,000

 
152,377,000

 
$
411,004,000

 
 
Gross profit
 
28,202,000

 
29,438,000

 
51,391,000

 
62,206,000

 
171,237,000

 
 
Net income (loss)
 
1,439,000

 
2,476,000

 
(14,355,000
)
 
2,702,000

 
(7,738,000
)
 
 
Diluted income (loss) per share
 
0.09

 
0.15

 
(0.89
)
 
0.14

 
(0.46
)
 
*

Fiscal 2015
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
 
 
Net sales
 
$
76,391,000

 
81,802,000

 
71,633,000

 
77,463,000

 
$
307,289,000

 
 
Gross profit
 
35,325,000

 
37,875,000

 
32,308,000

 
33,376,000

 
138,884,000

 
 
Net income
 
5,225,000

 
7,585,000

 
4,960,000

 
5,475,000

 
23,245,000

 
 
Diluted income per share
 
0.32

 
0.46

 
0.30

 
0.34

 
1.42

 
*

Fiscal 2014
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
 
 
Net sales
 
$
83,368,000

 
85,499,000

 
88,905,000

 
89,378,000

 
$
347,150,000

 
 
Gross profit
 
36,378,000

 
37,369,000

 
38,346,000

 
39,345,000

 
151,438,000

 
 
Net income
 
5,305,000

 
5,983,000

 
5,875,000

 
7,988,000

 
25,151,000

 
 
Diluted income per share
 
0.28

 
0.32

 
0.32

 
0.48

 
1.37

 
*


* The per share information is computed independently for each quarter and the full year based on the respective weighted average number of common shares outstanding. Therefore, income per share information for the full fiscal year may not equal the total of the quarters within the year.