Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2022

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,
	2022		2021		2020
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	149,979	$	129,659	$	112,369
Less:
Preferential dividends	(803)		(807)		(828)
Preferential dividends on dilutive stock options	(8)		(5)		(10)
Numerator for basic and diluted income per Class B Voting Common Share	$	149,168	$	128,847	$	111,531
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	51,321		52,039		52,763
Plus: Effect of dilutive equity awards	330		370		468
Denominator for diluted income per share for both Class A and Class B	51,651		52,409		53,231
Net income per Class A Nonvoting Common Share:
Basic	$	2.92	$	2.49	$	2.13
Diluted	$	2.90	$	2.47	$	2.11
Net income per Class B Voting Common Share:
Basic	$	2.91	$	2.48	$	2.11
Diluted	$	2.89	$	2.46	$	2.10