XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (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 $ 305,737 $ 275,388 $ 856,408 $ 813,573
Cost of products sold 146,031 123,641 403,888 367,330
Gross margin 159,706 151,747 452,520 446,243
Operating expenses:        
Research and development 8,062 8,200 24,162 25,657
Selling, general and administrative 112,148 98,614 321,909 293,518
Restructuring charges 8,540 1,977 10,487 1,977
Total operating expenses 128,750 108,791 356,558 321,152
Operating income 30,956 42,956 95,962 125,091
Other income and (expense):        
Investment and other income 1,131 1,108 2,427 1,719
Interest expense (4,185) (4,735) (12,755) (14,715)
Earnings from continuing operations before income taxes 27,902 39,329 85,634 112,095
Income taxes 6,064 11,290 47,965 27,767
Earnings from continuing operations 21,838 28,039 37,669 84,328
(Loss) from discontinued operations, net of income taxes (17,605) (387) (14,933) (113,898)
Net earnings (loss) 4,233 27,652 22,736 (29,570)
Weighted average common shares outstanding (in thousands):        
Basic 51,415 52,513 51,210 52,539
Diluted 52,041 53,003 51,685 52,946
Class A nonvoting common stock [Member]
       
Other income and (expense):        
Earnings from continuing operations 21,778 27,982 37,490 84,156
Earnings per share:        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.42 $ 0.53 $ 0.73 $ 1.60
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.42 $ 0.53 $ 0.73 $ 1.59
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share $ (0.34) $ 0.00 $ (0.29) $ (2.17)
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share $ (0.34) $ (0.01) $ (0.29) $ (2.16)
Earnings Per Share, Basic $ 0.08 $ 0.53 $ 0.44 $ (0.57)
Earnings Per Share, Diluted $ 0.08 $ 0.52 $ 0.44 $ (0.57)
Dividends $ 0.19 $ 0.185 $ 0.57 $ 0.555
Class B voting common stock [Member]
       
Other income and (expense):        
Earnings from continuing operations $ 21,778 $ 27,982 $ 36,688 $ 83,333
Earnings per share:        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.42 $ 0.53 $ 0.72 $ 1.59
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.42 $ 0.53 $ 0.71 $ 1.57
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share $ (0.34) $ 0.00 $ (0.30) $ (2.17)
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share $ (0.34) $ (0.01) $ (0.29) $ (2.15)
Earnings Per Share, Basic $ 0.08 $ 0.53 $ 0.42 $ (0.58)
Earnings Per Share, Diluted $ 0.08 $ 0.52 $ 0.42 $ (0.58)
Dividends $ 0.19 $ 0.185 $ 0.55 $ 0.538