Net Income per Common Share (Tables)

3 Months Ended

Oct. 31, 2023

Earnings Per Share [Abstract]

Schedule of the Reconciliation for the 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:

	Three months ended October 31,
	2023		2022
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	47,241	$	39,441
Less:
Preferential dividends	(748)		(769)
Preferential dividends on dilutive stock options	(5)		(4)
Numerator for basic and diluted income per Class B Voting Common Share	$	46,488	$	38,668
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	48,505		49,868
Plus: Effect of dilutive equity awards	306		222
Denominator for diluted income per share for both Class A and Class B	48,811		50,090
Net income per Class A Nonvoting Common Share:
Basic	$	0.97	$	0.79
Diluted	$	0.97	$	0.79
Net income per Class B Voting Common Share:
Basic	$	0.96	$	0.78
Diluted	$	0.95	$	0.77