Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 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:

	Years ended July 31,
	2020		2019		2018
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	112,369	$	131,258	$	91,060
Less:
Preferential dividends	(828)		(815)		(799)
Preferential dividends on dilutive stock options	(10)		(13)		(14)
Numerator for basic and diluted income per Class B Voting Common Share	$	111,531	$	130,430	$	90,247
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	52,763		52,596		51,677
Plus: Effect of dilutive equity awards	468		727		847
Denominator for diluted income per share for both Class A and Class B	53,231		53,323		52,524
Net income per Class A Nonvoting Common Share:
Basic	$	2.13	$	2.50	$	1.76
Diluted	$	2.11	$	2.46	$	1.73
Net income per Class B Voting Common Share:
Basic	$	2.11	$	2.48	$	1.75
Diluted	$	2.10	$	2.45	$	1.72