Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2023

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,
	2023		2022		2021
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	174,857	$	149,979	$	129,659
Less:
Preferential dividends	(769)		(803)		(807)
Preferential dividends on dilutive stock options	(3)		(8)		(5)
Numerator for basic and diluted income per Class B Voting Common Share	$	174,085	$	149,168	$	128,847
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	49,591		51,321		52,039
Plus: Effect of dilutive equity awards	278		330		370
Denominator for diluted income per share for both Class A and Class B	49,869		51,651		52,409
Net income per Class A Nonvoting Common Share:
Basic	$	3.53	$	2.92	$	2.49
Diluted	$	3.51	$	2.90	$	2.47
Net income per Class B Voting Common Share:
Basic	$	3.51	$	2.91	$	2.48
Diluted	$	3.49	$	2.89	$	2.46