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Unaudited Quarterly Financial Data (Tables)
12 Months Ended
Jul. 31, 2019
Selected Quarterly Financial Information [Abstract]  
Unaudited Quarterly Financial Data
The following is a summary of unaudited quarterly operating results:
Fiscal 2019
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
 
 
Net sales
 
$
160,844,000

 
164,133,000

 
170,448,000

 
176,372,000

 
$
671,797,000

 
 
Gross profit
 
57,769,000

 
61,245,000

 
64,416,000

 
64,010,000

 
247,440,000

 
 
Net income
 
3,468,000

 
7,826,000

 
7,612,000

 
6,135,000

 
25,041,000

 
 
Diluted income per share
 
0.14

 
0.32

 
0.31

 
0.25

 
1.03

 
*

Fiscal 2018
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
 
 
Net sales
 
$
121,569,000

 
133,731,000

 
147,854,000

 
167,435,000

 
$
570,589,000

 
 
Gross profit
 
47,716,000

 
50,801,000

 
62,436,000

 
62,988,000

 
223,941,000

 
 
Net (loss) income
 
(1,660,000
)
 
15,761,000

 
8,210,000

 
7,458,000

 
29,769,000

 
 
Diluted (loss) income per share
 
(0.07
)
 
0.66

 
0.34

 
0.31

 
1.24

 
*

Fiscal 2017
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
 
 
Net sales
 
$
135,786,000

 
139,028,000

 
127,792,000

 
147,762,000

 
$
550,368,000

 
 
Gross profit
 
52,108,000

 
53,204,000

 
52,461,000

 
60,412,000

 
218,185,000

 
 
Net (loss) income
 
(2,489,000
)
 
6,585,000

 
4,417,000

 
7,314,000

 
15,827,000

 
 
Diluted (loss) income per share
 
(0.11
)
 
0.28

 
0.19

 
0.31

 
0.67

 
*


* 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.