Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jan. 31, 2016 |
Jan. 31, 2015 |
Jan. 31, 2016 |
Jan. 31, 2015 |
|
| Income Statement [Abstract] | ||||
| Net sales | $ 70,323,000 | $ 81,802,000 | $ 134,440,000 | $ 158,193,000 |
| Cost of sales | 40,885,000 | 43,927,000 | 76,800,000 | 84,993,000 |
| Gross profit | 29,438,000 | 37,875,000 | 57,640,000 | 73,200,000 |
| Expenses: | ||||
| Selling, general and administrative | 15,053,000 | 16,026,000 | 30,379,000 | 31,552,000 |
| Research and development | 7,663,000 | 9,666,000 | 15,603,000 | 19,685,000 |
| Acquisition plan expenses | 2,337,000 | 0 | 3,729,000 | 0 |
| Amortization of intangibles | 1,196,000 | 1,560,000 | 2,572,000 | 3,121,000 |
| Total operating expenses | 26,249,000 | 27,252,000 | 52,283,000 | 54,358,000 |
| Operating income | 3,189,000 | 10,623,000 | 5,357,000 | 18,842,000 |
| Other expenses (income): | ||||
| Interest expense | 73,000 | 69,000 | 148,000 | 334,000 |
| Interest income and other | (110,000) | (90,000) | (222,000) | (174,000) |
| Income before provision for income taxes | 3,226,000 | 10,644,000 | 5,431,000 | 18,682,000 |
| Provision for income taxes | 750,000 | 3,059,000 | 1,516,000 | 5,872,000 |
| Net income | $ 2,476,000 | $ 7,585,000 | $ 3,915,000 | $ 12,810,000 |
| Net income per share (See Note 4): | ||||
| Basic (in dollars per share) | $ 0.15 | $ 0.47 | $ 0.24 | $ 0.79 |
| Diluted (in dollars per share) | $ 0.15 | $ 0.46 | $ 0.24 | $ 0.78 |
| Weighted average number of common shares outstanding – basic (in shares) | 16,186,000 | 16,241,000 | 16,178,000 | 16,229,000 |
| Weighted average number of common and common equivalent shares outstanding – diluted (in shares) | 16,205,000 | 16,505,000 | 16,201,000 | 16,510,000 |
| Dividends declared per issued and outstanding common share as of the applicable dividend record date (in dollars per share) | $ 0.30 | $ 0.30 | $ 0.60 | $ 0.60 |