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Net Income per Common Share
9 Months Ended
Apr. 30, 2021
Earnings Per Share [Abstract]  
Net Income per Common Share Net Income per Common 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 April 30,Nine months ended April 30,
 2021202020212020
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)$37,291 $13,633 $101,632 $84,684 
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$37,291 $13,633 $100,820 $83,846 
Denominator: (in thousands)
Denominator for basic income per share for both Class A and Class B52,050 52,607 52,030 53,023 
Plus: Effect of dilutive equity awards399 365 311 489 
Denominator for diluted income per share for both Class A and Class B52,449 52,972 52,341 53,512 
Net income per Class A Nonvoting Common Share:
Basic$0.72 $0.26 $1.95 $1.60 
Diluted$0.71 $0.26 $1.94 $1.58 
Net income per Class B Voting Common Share:
Basic$0.72 $0.26 $1.94 $1.58 
Diluted$0.71 $0.26 $1.93 $1.57 
Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted net income per share where the combined exercise price and average unamortized fair value were greater than the average market price of Brady's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares was 239,707 and 488,932 for the three months ended April 30, 2021 and 2020, respectively, and 603,356 and 353,752 for the nine months ended April 30, 2021 and 2020, respectively.