Net Income per Common Share (Tables)

3 Months Ended

Oct. 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:

	Three months ended October 31,
	2020		2019
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	33,481	$	37,498
Less:
Preferential dividends	(808)		(828)
Preferential dividends on dilutive stock options	(4)		(10)
Numerator for basic and diluted income per Class B Voting Common Share	$	32,669	$	36,660
Denominator: (in thousands)
Denominator for basic income per share for both Class A and Class B	52,021		53,143
Plus: Effect of dilutive equity awards	271		593
Denominator for diluted income per share for both Class A and Class B	52,292		53,736
Net income per Class A Nonvoting Common Share:
Basic	$	0.64	$	0.71
Diluted	$	0.64	$	0.70
Net income per Class B Voting Common Share:
Basic	$	0.63	$	0.69
Diluted	$	0.62	$	0.68