v3.26.3
Stockholders' Equity
 12 Months Ended
Jul. 31, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Note 11. Stockholders’ Equity
Share Repurchases
In November 2023, the Board of Directors authorized the repurchase of up to 12.0 million shares of common stock under the Company’s stock repurchase plan, replacing the Company’s previous stock repurchase plan dated May 31, 2019. This repurchase authorization is effective until terminated by the Board of Directors. During the year ended July 31, 2026, the Company repurchased 1.4 million shares for $108.5 million. During the year ended July 31, 2025, the Company repurchased 4.9 million shares for $333.6 million. As of July 31, 2026, the Company had remaining authorization to repurchase 4.5 million shares under the November 2023 stock repurchase plan.
Treasury stock share activity was as follows:
Year Ended July 31,
20262025
Balance as of beginning of year35,600,740 31,533,192 
Stock repurchases1,369,844 4,875,000 
Net issuance upon exercise of stock options(1,199,953)(678,540)
Issuance under compensation plans(115,305)(121,769)
Other activity(6,279)(7,143)
Balance as of end of year35,649,047 35,600,740 
Dividends Paid and Declared
Dividends paid were $1.22 and $1.11 per common share for the years ended July 31, 2026 and 2025, respectively. On July 31, 2026, the Company’s Board of Directors declared a cash dividend in the amount of 32.0 cents per common share, payable August 31, 2026, to stockholders of record as of August 17, 2026.