Net Income per Common Share (Tables)

9 Months Ended

Apr. 30, 2024

Earnings Per Share [Abstract]

Schedule of the reconciliation of the numerator and denominator of Basic and Diluted Earnings Per 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,
			2024						2023						2024						2023
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 B			48,004						49,653						48,294						49,755
Plus: Effect of dilutive equity awards			382						348						346						278
Denominator for diluted income per share for both Class A and Class B			48,386						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