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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2016
Jan. 31, 2015
Net sales $ 975,071 $ 852,416 $ 2,005,422 $ 1,774,408
Cost of products sold 826,249 750,416 1,704,384 1,554,743
Gross profit 148,822 102,000 301,038 219,665
Selling, general and administrative expenses 67,366 54,302 135,820 112,291
Amortization of intangible assets 5,854 3,967 11,882 7,656
Impairment charges 9,113   9,113  
Interest income 105 340 243 707
Interest expense 168 1 342 1
Other income (expense), net (538) 67 (545) 419
Income from continuing operations before income taxes 65,888 44,137 143,579 100,843
Income taxes 20,641 13,870 47,596 31,375
Net income from continuing operations 45,247 30,267 95,983 69,468
Loss from discontinued operations, net of income taxes (579) (1,619) (818) (1,895)
Net Income and comprehensive income $ 44,668 $ 28,648 $ 95,165 $ 67,573
Weighted-average common shares outstanding:        
Basic 52,474,801 53,377,440 52,442,373 53,355,757
Diluted 52,561,122 53,458,531 52,553,341 53,444,730
Earnings per common share from continuing operations:        
Basic $ 0.86 $ 0.57 $ 1.83 $ 1.30
Diluted 0.86 0.57 1.83 1.30
Loss per common share from discontinued operations:        
Basic (0.01) (0.03) (0.02) (0.03)
Diluted (0.01) (0.03) (0.02) (0.04)
Earnings per common share:        
Basic 0.85 0.54 1.81 1.27
Diluted 0.85 0.54 1.81 1.26
Regular dividends declared and paid per common share $ 0.30 $ 0.27 $ 0.60 $ 0.54