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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Net sales $ 293,196 $ 290,151
Cost of products sold 146,657 144,086
Gross margin 146,539 146,065
Operating expenses:    
Research and development 11,326 10,520
Selling, general and administrative 94,591 100,134
Total operating expenses 105,917 110,654
Operating income 40,622 35,411
Other (expense) income:    
Investment and other (expense) income (17) 216
Interest expense (712) (863)
Earnings before income taxes 39,893 34,764
Income tax expense 9,256 8,928
Net earnings $ 30,637 $ 25,836
Weighted average common shares outstanding (in thousands):    
Weighted average common shares outstanding, basic (in thousands): 52,201 51,440
Weighted average common shares outstanding, diluted (in thousands): 52,958 52,383
Class A Nonvoting Common Stock    
Earnings Per Share    
Net earnings per share, basic $ 0.59 $ 0.50
Net earnings per share, diluted 0.58 0.49
Dividends 0.21 0.21
Class B Voting Common Stock    
Earnings Per Share    
Net earnings per share, basic 0.57 0.49
Net earnings per share, diluted 0.56 0.48
Dividends $ 0.20 $ 0.19