|
Condensed Consolidated Statements of Income (Unaudited) (Percentage Change)
|
3 Months Ended |
9 Months Ended |
|
Apr. 30, 2011
|
Apr. 30, 2011
|
| Net sales (%) |
4.90% |
6.40% |
| Cost of products sold (%) |
5.30% |
7.10% |
| Gross margin (%) |
4.60% |
5.70% |
| Operating expenses: |
 |
 |
| Research and development (%) |
(1.50%) |
4.10% |
| Selling, general and administrative (%) |
3.40% |
1.10% |
| Restructuring charge - (See Note J) |
(48.40%) |
(27.20%) |
| Total operating expenses (%) |
2.00% |
0.70% |
| Operating income (%) |
13.80% |
25.40% |
| Other income (expense): |
 |
 |
| Investment and other income - net (%) |
1080.20% |
127.20% |
| Interest expense (%) |
(0.90%) |
7.50% |
| Income before income taxes (%) |
20.40% |
30.30% |
| Income taxes (%) |
19.70% |
28.50% |
| Net income (%) |
20.70% |
31.00% |
|
Class A Nonvoting Common Stock
|
 |
 |
| Per Class Common Share: |
 |
 |
| Basic net income (%) |
20.00% |
30.40% |
| Diluted net income (%) |
20.00% |
30.70% |
| Dividends (%) |
2.90% |
2.90% |
|
Class B voting common stock
|
 |
 |
| Per Class Common Share: |
 |
 |
| Basic net income (%) |
20.00% |
31.00% |
| Diluted net income (%) |
20.00% |
31.30% |
| Dividends (%) |
2.90% |
3.00% |