Net Income per Common Share (Tables)

6 Months Ended

Jan. 31, 2022

Earnings Per Share [Abstract]

Schedule of the reconciliation of the numerator and denominator of Basic and Diluted Earnings 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 January 31,				Six months ended January 31,
	2022		2021		2022		2021
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	33,815	$	30,860	$	68,861	$	64,341
Less:
Preferential dividends	—		—		(803)		(808)
Preferential dividends on dilutive stock options	—		—		(8)		(4)
Numerator for basic and diluted income per Class B Voting Common Share	$	33,815	$	30,860	$	68,050	$	63,529
Denominator: (in thousands)
Denominator for basic income per share for both Class A and Class B	51,800		52,018		51,887		52,020
Plus: Effect of dilutive equity awards	362		264		412		268
Denominator for diluted income per share for both Class A and Class B	52,162		52,282		52,299		52,288
Net income per Class A Nonvoting Common Share:
Basic	$	0.65	$	0.59	$	1.33	$	1.24
Diluted	$	0.65	$	0.59	$	1.32	$	1.23
Net income per Class B Voting Common Share:
Basic	$	0.65	$	0.59	$	1.31	$	1.22
Diluted	$	0.65	$	0.59	$	1.30	$	1.21