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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Net sales $ 1,284,054 $ 1,174,255 $ 3,289,476 $ 2,948,663
Cost of products sold 1,082,117 1,007,654 2,786,501 2,562,397
Gross profit 201,937 166,601 502,975 386,266
Selling, general and administrative expenses 80,833 68,940 216,653 181,231
Amortization of intangible assets 5,780 3,950 17,662 11,606
Impairment charges 0   9,113  
Interest income 230 287 473 994
Interest expense 166   508 1
Other income, net 895 563 350 982
Income from continuing operations before income taxes 116,283 94,561 259,862 195,404
Income taxes 37,090 31,009 84,686 62,384
Net income from continuing operations 79,193 63,552 175,176 133,020
Loss from discontinued operations, net of income taxes (611) (707) (1,429) (2,602)
Net income and comprehensive income $ 78,582 $ 62,845 $ 173,747 $ 130,418
Weighted-average common shares outstanding:        
Basic 52,474,801 53,380,651 52,453,025 53,363,872
Diluted 52,601,673 53,495,499 52,569,294 53,461,470
Earnings per common share from continuing operations:        
Basic $ 1.51 $ 1.19 $ 3.34 $ 2.49
Diluted 1.51 1.19 3.33 2.49
Loss per common share from discontinued operations:        
Basic (0.01) (0.01) (0.03) (0.05)
Diluted (0.02) (0.02) (0.02) (0.05)
Earnings per common share:        
Basic 1.50 1.18 3.31 2.44
Diluted 1.49 1.17 3.31 2.44
Regular dividends declared and paid per common share $ 0.30 $ 0.27 $ 0.90 $ 0.81