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Condensed Consolidated Statements of Income and Retained Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
Net Sales $ 64,152 $ 59,780 $ 186,691 $ 179,565
Cost of Sales (47,261) (45,075) (136,300) (136,103)
Gross Profit 16,891 14,705 50,391 43,462
Selling, General and Administrative Expenses (12,209) (11,743) (35,863) (33,875)
Capacity Rationalization Charges (8) 0 (70) 0
Income from Operations 4,674 2,962 14,458 9,587
Other Income (Expense)        
Interest expense (447) (529) (1,374) (1,557)
Interest income 7 8 24 22
Other, net 207 193 421 334
Total Other Income (Expense), Net (233) (328) (929) (1,201)
Income Before Income Taxes 4,441 2,634 13,529 8,386
Income taxes (1,190) (742) (3,680) (2,180)
Net Income 3,251 1,892 9,849 6,206
Retained Earnings        
Balance at beginning of period     122,901 121,388
Cash dividends declared and treasury stock issuances     3,502 3,475
Balance at end of period $ 129,248 $ 124,119 $ 129,248 $ 124,119
Net Income Per Share        
Diluted (in dollars per share) $ 0.46 $ 0.26 $ 1.40 $ 0.86
Average Shares Outstanding        
Diluted (in shares) 6,938 7,117 6,916 7,116
Common Stock
       
Net Income Per Share        
Basic Common (in dollars per share) $ 0.50 $ 0.28 $ 1.52 $ 0.93
Average Shares Outstanding        
Basic Common (in shares) 4,923 5,115 4,899 5,118
Common Class B
       
Net Income Per Share        
Basic Common (in dollars per share) $ 0.37 $ 0.21 $ 1.14 $ 0.70
Average Shares Outstanding        
Basic Common (in shares) 1,980 1,938 1,966 1,932