Net Income per Common Share (Tables)

9 Months Ended

Apr. 30, 2023

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,
	2023		2022		2023		2022
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	48,052	$	40,054	$	125,479	$	108,915
Less:
Preferential dividends	—		—		(769)		(803)
Preferential dividends on dilutive stock options	—		—		(4)		(8)
Numerator for basic and diluted income per Class B Voting Common Share	$	48,052	$	40,054	$	124,706	$	108,104
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	49,653		51,326		49,755		51,700
Plus: Effect of dilutive equity awards	348		242		278		355
Denominator for diluted income per share for both Class A and Class B	50,001		51,568		50,033		52,055
Net income per Class A Nonvoting Common Share:
Basic	$	0.97	$	0.78	$	2.52	$	2.11
Diluted	$	0.96	$	0.78	$	2.51	$	2.09
Net income per Class B Voting Common Share:
Basic	$	0.97	$	0.78	$	2.51	$	2.09
Diluted	$	0.96	$	0.78	$	2.49	$	2.08