Net Income per Common Share (Tables)

9 Months Ended

Apr. 30, 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 April 30,				Nine months ended April 30,
	2022		2021		2022		2021
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	40,054	$	37,291	$	108,915	$	101,632
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	$	40,054	$	37,291	$	108,104	$	100,820
Denominator: (in thousands)
Denominator for basic income per share for both Class A and Class B	51,326		52,050		51,700		52,030
Plus: Effect of dilutive equity awards	242		399		355		311
Denominator for diluted income per share for both Class A and Class B	51,568		52,449		52,055		52,341
Net income per Class A Nonvoting Common Share:
Basic	$	0.78	$	0.72	$	2.11	$	1.95
Diluted	$	0.78	$	0.71	$	2.09	$	1.94
Net income per Class B Voting Common Share:
Basic	$	0.78	$	0.72	$	2.09	$	1.94
Diluted	$	0.78	$	0.71	$	2.08	$	1.93