Net Income per Common Share (Tables)

9 Months Ended

Apr. 30, 2020

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,
	2020		2019		2020		2019
Numerator (in thousands):
Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	13,633	$	34,781	$	84,684	$	94,645
Less:
Preferential dividends	—		—		(828)		(815)
Preferential dividends on dilutive stock options	—		—		(10)		(13)
Numerator for basic and diluted income per Class B Voting Common Share	$	13,633	$	34,781	$	83,846	$	93,817
Denominator: (in thousands)
Denominator for basic income per share for both Class A and Class B	52,607		52,766		53,023		52,499
Plus: Effect of dilutive equity awards	365		714		489		716
Denominator for diluted income per share for both Class A and Class B	52,972		53,480		53,512		53,215
Net income per Class A Nonvoting Common Share:
Basic	$	0.26	$	0.66	$	1.60	$	1.80
Diluted	$	0.26	$	0.65	$	1.58	$	1.78
Net income per Class B Voting Common Share:
Basic	$	0.26	$	0.66	$	1.58	$	1.79
Diluted	$	0.26	$	0.65	$	1.57	$	1.76