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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Net Sales $ 76,256 $ 70,885 $ 218,383 $ 206,908
Cost of Sales (54,871) (54,051) (158,105) (158,660)
Gross Profit 21,385 16,834 60,278 48,248
Selling, General and Administrative Expenses (15,685) (14,507) (44,584) (42,091)
Income from Operations 5,700 2,327 15,694 6,157
Other (Expense) Income        
Interest expense (108) (141) (314) (434)
Interest income 48 53 238 149
Other, net (43) 4,465 (186) 4,504
Total Other (Expense) Income, Net (103) 4,377 (262) 4,219
Income Before Income Taxes 5,597 6,704 15,432 10,376
Income Tax Expense (947) (1,143) (2,573) (1,599)
Net Income 4,650 5,561 12,859 8,777
Net Income (Loss) Attributable to Noncontrolling Interest 2 (58) (155) (35)
Net Income Attributable to Oil-Dri $ 4,648 $ 5,619 $ 13,014 $ 8,812
Net Income Per Share        
Diluted Common (in dollars per share) $ 0.61 $ 0.74 $ 1.69 $ 1.17
Average Shares Outstanding        
Diluted Common (in shares) 7,288 7,253 7,310 7,245
Common Stock        
Net Income Per Share        
Basic Common (in dollars per share) $ 0.66 $ 0.81 $ 1.85 $ 1.27
Average Shares Outstanding        
Basic Common (in shares) 5,126 5,126 5,152 5,108
Dividends Declared Per Share (in dollars per share) $ 0.2500 $ 0.2400 $ 0.7500 $ 0.7200
Common Class B        
Net Income Per Share        
Basic Common (in dollars per share) $ 0.50 $ 0.61 $ 1.39 $ 0.95
Average Shares Outstanding        
Basic Common (in shares) 2,036 2,068 2,042 2,068
Dividends Declared Per Share (in dollars per share) $ 0.1875 $ 0.1800 $ 0.5625 $ 0.5400