v3.24.1.1.u2
Net Income per Common Share (Notes)
 9 Months Ended
Apr. 30, 2024
Earnings Per Share [Abstract]  
Net Income per Common Share Disclosure Net Income per Common Share
Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows:
Three months ended April 30,Nine months ended April 30,
 2024202320242023
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)$50,890 $48,052 $141,759 $125,479 
Less:
Preferential dividends— — (748)(769)
Preferential dividends on dilutive stock options— — (5)(4)
Numerator for basic and diluted income per Class B Voting Common Share$50,890 $48,052 $141,006 $124,706 
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B48,004 49,653 48,294 49,755 
Plus: Effect of dilutive equity awards382 348 346 278 
Denominator for diluted income per share for both Class A and Class B48,386 50,001 48,640 50,033 
Net income per Class A Nonvoting Common Share:
Basic$1.06 $0.97 $2.94 $2.52 
Diluted$1.05 $0.96 $2.91 $2.51 
Net income per Class B Voting Common Share:
Basic$1.06 $0.97 $2.92 $2.51 
Diluted$1.05 $0.96 $2.90 $2.49 
Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value were greater than the average market price of the Company's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 47,409 and 447,210 for the three months ended April 30, 2024 and 2023, respectively, and 136,919 and 555,247 for the nine months ended April 30, 2024 and 2023, respectively.