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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Cost of goods sold $ 136,316 $ 137,538 $ 278,115 $ 283,080
Gross margin 129,522 139,127 264,950 280,532
Operating expenses:        
Research and development 9,876 10,517 20,079 21,484
Selling, general and administrative 82,234 87,366 165,271 176,913
Total operating expenses 92,110 97,883 185,350 198,397
Operating income 37,412 41,244 79,600 82,135
Other income (expense):        
Investment and other income 2,036 1,760 2,191 3,140
Interest expense (51) (647) (157) (1,348)
Income before income taxes and losses of unconsolidated affiliate 39,397 42,357 81,634 83,927
Income tax expense 8,206 8,804 16,788 12,876
Income before losses of unconsolidated affiliate 31,191 33,553 64,846 71,051
Equity in losses of unconsolidated affiliate (331) 0 (505) 0
Net income $ 30,860 $ 33,553 $ 64,341 $ 71,051
Weighted average common shares outstanding:        
Basic 52,018 53,320 52,020 53,232
Diluted 52,282 53,827 52,288 53,781
Revenue from Contract with Customer, Excluding Assessed Tax $ 265,838 $ 276,665 $ 543,065 $ 563,612
Class A nonvoting common stock        
Earnings Per Share        
Net earnings per share, basic $ 0.59 $ 0.63 $ 1.24 $ 1.33
Net earnings per share, diluted 0.59 0.62 1.23 1.32
Dividends 0.22 0.22 0.44 0.44
Common Class B [Member]        
Earnings Per Share        
Net earnings per share, basic 0.59 0.63 1.22 1.32
Net earnings per share, diluted 0.59 0.62 1.21 1.31
Dividends $ 0.22 $ 0.22 $ 0.42 $ 0.42