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Unaudited Quarterly Financial Information | 12 Months Ended
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Jul. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Unaudited Quarterly Financial Information | Unaudited Quarterly Financial Information
|  | Quarters
|  | First |  | Second |  | Third |  | Fourth |  | Total
Fiscal 2020 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 286,947 |  |  | $ | 276,665 |  |  | $ | 265,943 |  |  | $ | 251,744 |  |  | $ | 1,081,299 |
Gross margin |  | 141,405 |  |  | 139,127 |  |  | 129,527 |  |  | 118,506 |  |  | 528,565 |
Operating income (1) |  | 40,891 |  |  | 41,244 |  |  | 22,669 |  |  | 33,219 |  |  | 138,023 |
Net income |  | 37,498 |  |  | 33,553 |  |  | 13,633 |  |  | 27,685 |  |  | 112,369 |
Net income per Class A Nonvoting Common Share: |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.71 |  |  | $ | 0.63 |  |  | $ | 0.26 |  |  | $ | 0.53 |  |  | $ | 2.13 |
Diluted |  | $ | 0.70 |  |  | $ | 0.62 |  |  | $ | 0.26 |  |  | $ | 0.53 |  |  | $ | 2.11 |
Fiscal 2021 (2) |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 277,227 |  |  | $ | 265,838 |  |  | $ | 295,503 |  |  | $ | 306,130 |  |  | $ | 1,144,698 |
Gross margin |  | 135,428 |  |  | 129,522 |  |  | 148,847 |  |  | 147,649 |  |  | 561,446 |
Operating income |  | 42,188 |  |  | 37,412 |  |  | 46,725 |  |  | 40,802 |  |  | 167,127 |
Net income (3) |  | 33,481 |  |  | 30,860 |  |  | 37,291 |  |  | 28,027 |  |  | 129,659 |
Net income per Class A Nonvoting Common Share: |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.64 |  |  | $ | 0.59 |  |  | $ | 0.72 |  |  | $ | 0.54 |  |  | $ | 2.49 |
Diluted |  | $ | 0.64 |  |  | $ | 0.59 |  |  | $ | 0.71 |  |  | $ | 0.53 |  |  | $ | 2.47 |
(1) In the third quarter of fiscal 2020, the Company recognized before tax impairment charges of $13,821. (2) In the fourth quarter of fiscal 2021, the Company acquired three companies: Nordic ID, Magicard, and Code. The operating results of the acquired companies are included in the Company’s consolidated financial statements from the date of acquisition. (3) In the fourth quarter of fiscal 2021, the Company recognized other-than-temporary impairment charges of $4,994 of its equity method investment in React Mobile, Inc.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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