Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2021

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,
	2021		2020		2019
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	129,659	$	112,369	$	131,258
Less:
Preferential dividends	(807)		(828)		(815)
Preferential dividends on dilutive stock options	(5)		(10)		(13)
Numerator for basic and diluted income per Class B Voting Common Share	$	128,847	$	111,531	$	130,430
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	52,039		52,763		52,596
Plus: Effect of dilutive equity awards	370		468		727
Denominator for diluted income per share for both Class A and Class B	52,409		53,231		53,323
Net income per Class A Nonvoting Common Share:
Basic	$	2.49	$	2.13	$	2.50
Diluted	$	2.47	$	2.11	$	2.46
Net income per Class B Voting Common Share:
Basic	$	2.48	$	2.11	$	2.48
Diluted	$	2.46	$	2.10	$	2.45