v3.26.1
Net Income per Common Share (Notes)
 9 Months Ended
Apr. 30, 2026
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,
 2026202520262025
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)$57,800 $52,263 $159,787 $139,380 
Less:
Preferential dividends— — (728)(736)
Preferential dividends on dilutive stock options— — (8)(8)
Numerator for basic and diluted income per Class B Voting Common Share$57,800 $52,263 $159,051 $138,636 
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B47,357 47,644 47,313 47,743 
Plus: Effect of dilutive equity awards457 422 448 453 
Denominator for diluted income per share for both Class A and Class B47,814 48,066 47,761 48,196 
Net income per Class A Nonvoting Common Share:
Basic$1.22 $1.10 $3.38 $2.92 
Diluted$1.21 $1.09 $3.35 $2.89 
Net income per Class B Voting Common Share:
Basic$1.22 $1.10 $3.36 $2.90 
Diluted$1.21 $1.09 $3.33 $2.88 
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. There were no anti-dilutive shares for the three months ended April 30, 2026 and 2025. The amount of anti-dilutive shares were 6,156 and 5,759 for the nine months ended April 30, 2026 and 2025, respectively.