Earnings Per Share (Tables)

3 Months Ended

Oct. 31, 2025

Below is a reconciliation of the calculation of basic and diluted EPS.


	For the Three Months Ended October 31, 2025						For the Three Months Ended October 31, 2024
	(in thousands, except for per share data)						(in thousands, except for per share data)
	Total		Common		Class B		Total		Common		Class B
Net income	$	15,456	$	11,810	$	3,646	$	16,376	$	12,456	$	3,920
Distributed and undistributed earnings on restricted shares	$	(723)	$	(513)	$	(210)	$	(817)	$	(517)	$	(300)
Income available to stockholders	$	14,733	$	11,297	$	3,436	$	15,559	$	11,939	$	3,620

Net Income (Numerator)			$	11,297	$	3,436			$	11,939	$	3,620
Weighted Average Shares Outstanding (Denominator)			9,919		4,008				9,844		3,967
Basic EPS			$	1.14	$	0.86			$	1.21	$	0.91

Effect of dilution - Net Income (1)			$	3,436	$	—			$	3,620	$	—
Net income assuming dilution (Numerator)			$	14,733	$	3,436			$	15,559	$	3,620

Effect of dilution - Shares (1)			4,008		—				3,967		—
Shares assuming dilution (Denominator)			13,927		4,008				13,811		3,967
Diluted EPS			$	1.06	$	0.86			$	1.13	$	0.91
(1) The impact of 331,104 unvested shares of Common Stock and 175,944 unvested shares of Class B Stock were anti-dilutive therefore not included in the calculation of diluted EPS for the three months ended October 31, 2025. The impact of 263,049 unvested shares of Common Stock and 125,326 unvested shares of Class B Stock were anti-dilutive, and therefore not included in the calculation of diluted EPS for the three months ended October 31, 2024.