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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Net sales $ 4,006,819 $ 3,525,456 $ 3,241,795
Cost of products sold 3,449,274 3,055,060 2,817,256
Gross profit 557,545 470,396 424,539
Selling, general and administrative expenses 250,891 208,712 194,650
Impairment charges   710 2,000
Amortization of intangible assets 16,015 12,920 10,460
Interest income 1,292 1,577 2,628
Interest expense 180 10 6
Other income, net 1,144 3,198 1,921
Income from continuing operations before income taxes 292,895 252,819 221,972
Income taxes 90,886 77,303 70,296
Net income from continuing operations 202,009 175,516 151,676
Income (loss) from discontinued operations, net of income taxes (2,624) 3,486 1,186
Net income $ 199,385 $ 179,002 $ 152,862
Earnings per common share from continuing operations:      
Basic $ 3.80 $ 3.29 $ 2.86
Diluted 3.79 3.29 2.86
Earnings (loss) per common share from discontinued operations:      
Basic (0.05) 0.07 0.02
Diluted (0.05) 0.06 0.02
Earnings per common share:      
Basic 3.75 3.36 2.88
Diluted $ 3.74 $ 3.35 $ 2.88
Net income $ 199,385 $ 179,002 $ 152,862
Unrealized appreciation on investments, net of tax effects of $0, $12 and $23   22 38
Comprehensive income $ 199,385 $ 179,024 $ 152,900