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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
Net sales $ 4,582,112 $ 4,006,819 $ 3,525,456
Cost of products sold 3,855,787 3,449,274 3,055,060
Gross profit 726,325 557,545 470,396
Selling, general and administrative expenses 306,269 250,891 208,712
Impairment charges 9,113   710
Amortization of intangible assets 27,962 16,015 12,920
Interest income 743 1,292 1,577
Interest expense 1,592 180 10
Other income, net 1,181 1,144 3,198
Income from continuing operations before income taxes 383,313 292,895 252,819
Income taxes 125,291 90,886 77,303
Net income from continuing operations 258,022 202,009 175,516
Income (loss) from discontinued operations, net of income taxes (1,503) (2,624) 3,486
Net income $ 256,519 $ 199,385 $ 179,002
Earnings per common share from continuing operations:      
Basic $ 4.92 $ 3.80 $ 3.29
Diluted 4.91 3.79 3.29
Earnings (loss) per common share from discontinued operations:      
Basic (0.03) (0.05) 0.07
Diluted (0.03) (0.05) 0.06
Earnings per common share:      
Basic 4.89 3.75 3.36
Diluted $ 4.88 $ 3.74 $ 3.35
Net income $ 256,519 $ 199,385 $ 179,002
Unrealized appreciation on investments, net of tax effects of $0, $0 and $12     22
Comprehensive income $ 256,519 $ 199,385 $ 179,024