Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2019

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:

	Years ended July 31,
	2019			2018			2017
Numerator (in thousands):
Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	131,258		$	91,060		$	95,645
Less:
Preferential dividends	(815		)	(799		)	(788		)
Preferential dividends on dilutive stock options	(13		)	(14		)	(14		)
Numerator for basic and diluted income per Class B Voting Common Share	$	130,430		$	90,247		$	94,843
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	52,596			51,677			51,056
Plus: Effect of dilutive equity awards	727			847			900
Denominator for diluted income per share for both Class A and Class B	53,323			52,524			51,956
Net income per Class A Nonvoting Common Share:
Basic	$	2.50		$	1.76		$	1.87
Diluted	$	2.46		$	1.73		$	1.84
Net income per Class B Voting Common Share:
Basic	$	2.48		$	1.75		$	1.86
Diluted	$	2.45		$	1.72		$	1.83