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Condensed Consolidated Statements of Income and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2019
Jan. 31, 2018
Net Sales $ 69,880 $ 68,894 $ 136,023 $ 135,540
Cost of Sales (54,476) (49,237) (104,609) (96,908)
Gross Profit 15,404 19,657 31,414 38,632
Selling, General and Administrative Expenses (12,577) (14,474) (27,584) (29,234)
Income from Operations 2,827 5,183 3,830 9,398
Other Income (Expense)        
Interest expense (142) (199) (293) (400)
Interest income 47 65 96 119
Other, net 56 22 39 (207)
Total Other Expense, Net (39) (112) (158) (488)
Income Before Income Taxes 2,788 5,071 3,672 8,910
Income Tax Expense (506) (6,167) (456) (6,956)
Net Income 2,282 (1,096) 3,216 1,954
Net Income (Loss) Attributable to Noncontrolling Interest (5) 0 23 0
Net Income (Loss) Attributable to Oil-Dri 2,287 (1,096) 3,193 1,954
Retained Earnings:        
Balance at beginning of period     158,935 154,735
Cash dividends declared     (3,340) (3,118)
Balance at End of Period $ 158,788 $ 153,571 $ 158,788 $ 153,571
Net Income (Loss) Per Share        
Diluted Common (in dollars per share) $ 0.30 $ (0.15) $ 0.42 $ 0.26
Average Shares Outstanding        
Diluted Common (in shares) 7,229 7,139 7,242 7,215
Common Stock        
Net Income (Loss) Per Share        
Basic Common (in dollars per share) $ 0.33 $ (0.17) $ 0.46 $ 0.29
Average Shares Outstanding        
Basic Common (in shares) 5,121 5,035 5,099 5,030
Dividends Declared Per Share (in dollars per share) $ 0.2400 $ 0.2300 $ 0.4800 $ 0.4600
Common Class B        
Net Income (Loss) Per Share        
Basic Common (in dollars per share) $ 0.25 $ (0.12) $ 0.34 $ 0.22
Average Shares Outstanding        
Basic Common (in shares) 2,068 2,104 2,069 2,097
Dividends Declared Per Share (in dollars per share) $ 0.1800 $ 0.1725 $ 0.3600 $ 0.3450