Net Income per Common Share (Tables)

6 Months Ended

Jan. 31, 2021

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator of Basic and Diluted Per Share

The following table summarizes the computation of basic and diluted net income per share for the Company’s Class A and Class B common stock:

	Three months ended January 31,				Six months ended January 31,
	2021		2020		2021		2020
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	30,860	$	33,553	$	64,341	$	71,051
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	$	30,860	$	33,553	$	63,529	$	70,213
Denominator: (in thousands)
Denominator for basic income per share for both Class A and Class B	52,018		53,320		52,020		53,232
Plus: Effect of dilutive equity awards	264		507		268		549
Denominator for diluted income per share for both Class A and Class B	52,282		53,827		52,288		53,781
Net income per Class A Nonvoting Common Share:
Basic	$	0.59	$	0.63	$	1.24	$	1.33
Diluted	$	0.59	$	0.62	$	1.23	$	1.32
Net income per Class B Voting Common Share:
Basic	$	0.59	$	0.63	$	1.22	$	1.32
Diluted	$	0.59	$	0.62	$	1.21	$	1.31