Net Income per Common Share (Tables)

9 Months Ended

Apr. 30, 2016

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,
	2016		2015		2016			2015
Numerator: (in thousands)
Earnings from continuing operations	$	20,981	$	17,213	$	54,974		$	44,296
Less:
Preferential dividends	—		—		(783		)	(794		)
Preferential dividends on dilutive stock options	—		—		(1		)	(1		)
Numerator for basic and diluted earnings from continuing operations per Class B Voting Common Share	$	20,981	$	17,213	$	54,190		$	43,501
Denominator: (in thousands)
Denominator for basic earnings from continuing operations per share for both Class A and Class B	50,251		51,301		50,602			51,275
Plus: Effect of dilutive stock options	254		149		145			95
Denominator for diluted earnings from continuing operations per share for both Class A and Class B	50,505		51,450		50,747			51,370
Earnings from continuing operations per Class A Nonvoting Common Share:
Basic	$	0.42	$	0.34	$	1.09		$	0.86
Diluted	$	0.42	$	0.33	$	1.08		$	0.86
Earnings from continuing operations per Class B Voting Common Share:
Basic	$	0.42	$	0.34	$	1.07		$	0.85
Diluted	$	0.42	$	0.33	$	1.07		$	0.85
Loss from discontinued operations per Class A Nonvoting Common Share:
Basic	$	—	$	—	$	—		$	(0.03	)
Diluted	$	—	$	—	$	—		$	(0.03	)
Loss from discontinued operations per Class B Voting Common Share:
Basic	$	—	$	—	$	—		$	(0.04	)
Diluted	$	—	$	—	$	—		$	(0.04	)
Net earnings per Class A Nonvoting Common Share:
Basic	$	0.42	$	0.34	$	1.09		$	0.83
Diluted	$	0.42	$	0.33	$	1.08		$	0.83
Net earnings per Class B Voting Common Share:
Basic	$	0.42	$	0.34	$	1.07		$	0.81
Diluted	$	0.42	$	0.33	$	1.07		$	0.81