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Net Earnings per Common Share (Tables)
9 Months Ended
Apr. 30, 2015
Earnings Per Share [Abstract]  
Reconciliations of Numerator and Denominator of Basic and Diluted 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,
 
2015
 
2014
 
2015
 
2014
Numerator: (in thousands)
 
 
 
 
 
 
 
Earnings from continuing operations
$
17,213

 
$
20,184

 
$
44,296

 
$
48,835

Less:
 
 
 
 
 
 
 
Restricted stock dividends

 
(16
)
 

 
(76
)
Numerator for basic and diluted earnings from continuing operations per Class A Nonvoting Common Share
$
17,213

 
$
20,168

 
$
44,296

 
$
48,759

Less:
 
 
 
 
 
 
 
Preferential dividends

 

 
(794
)
 
(813
)
Preferential dividends on dilutive stock options

 

 
(1
)
 
(6
)
Numerator for basic and diluted earnings from continuing operations per Class B Voting Common Share
$
17,213

 
$
20,168

 
$
43,501

 
$
47,940

Denominator: (in thousands)
 
 
 
 
 
 
 
Denominator for basic earnings from continuing operations per share for both Class A and Class B
51,301

 
51,933

 
51,275

 
52,071

Plus: Effect of dilutive stock options
149

 
67

 
95

 
233

Denominator for diluted earnings from continuing operations per share for both Class A and Class B
51,450

 
52,000

 
51,370

 
52,304

Earnings from continuing operations per Class A Nonvoting Common Share:
 
 
 
 
 
 
 
Basic
$
0.34

 
$
0.39

 
$
0.86

 
$
0.94

Diluted
$
0.33

 
$
0.39

 
$
0.86

 
$
0.93

Earnings from continuing operations per Class B Voting Common Share:
 
 
 
 
 
 
 
Basic
$
0.34

 
$
0.39

 
$
0.85

 
$
0.92

Diluted
$
0.33

 
$
0.39

 
$
0.85

 
$
0.92

(Loss) earnings from discontinued operations per Class A Nonvoting Common Share:
 
 
 
 
 
 
 
Basic
$

 
$
0.07

 
$
(0.03
)
 
$
0.30

Diluted
$

 
$
0.07

 
$
(0.03
)
 
$
0.30

(Loss) earnings from discontinued operations per Class B Voting Common Share:
 
 
 
 
 
 
 
Basic
$

 
$
0.07

 
$
(0.04
)
 
$
0.30

Diluted
$

 
$
0.07

 
$
(0.04
)
 
$
0.29

Net earnings per Class A Nonvoting Common Share:
 
 
 
 
 
 
 
Basic
$
0.34

 
$
0.46

 
$
0.83

 
$
1.24

Diluted
$
0.33

 
$
0.46

 
$
0.83

 
$
1.23

Net earnings per Class B Voting Common Share:
 
 
 
 
 
 
 
Basic
$
0.34

 
$
0.46

 
$
0.81

 
$
1.22

Diluted
$
0.33

 
$
0.46

 
$
0.81

 
$
1.21