XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Income per Common Share (Tables)
 9 Months Ended
Apr. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
Numerator: (in thousands)
 
 
 
 
 
 
 
Earnings (Numerator for basic and diluted Class A Nonvoting Common Share)
$
22,553

 
$
20,981

 
$
70,403

 
$
54,974

Less:
 
 
 
 
 
 
 
Preferential dividends
—

 
—

 
(788
)
 
(783
)
Preferential dividends on dilutive stock options
—

 
—

 
(14
)
 
(1
)
Numerator for basic and diluted earnings per Class B Voting Common Share
$
22,553

 
$
20,981

 
$
69,601

 
$
54,190

Denominator: (in thousands)
 
 
 
 
 
 
 
Denominator for basic earnings per share for both Class A and Class B
51,227

 
50,251

 
50,972

 
50,602

Plus: Effect of dilutive stock options and restricted stock units
974

 
254

 
910

 
145

Denominator for diluted earnings per share for both Class A and Class B
52,201

 
50,505

 
51,882

 
50,747

Net earnings per Class A Nonvoting Common Share:
 
 
 
 
 
 
 
Basic
$
0.44

 
$
0.42

 
$
1.38

 
$
1.09

Diluted
$
0.43

 
$
0.42

 
$
1.36

 
$
1.08

Net earnings per Class B Voting Common Share:
 
 
 
 
 
 
 
Basic
$
0.44

 
$
0.42

 
$
1.37

 
$
1.07

Diluted
$
0.43

 
$
0.42

 
$
1.34

 
$
1.07