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Net Income per Common Share (Notes)
 6 Months Ended
Jan. 31, 2024
Earnings Per Share [Abstract]  
Net Income per Common Share Disclosure Net Income per Common 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 January 31,Six months ended January 31,
 2024202320242023
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)$43,628 $37,986 $90,869 $77,427 
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$43,628 $37,986 $90,116 $76,654 
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B48,374 49,745 48,440 49,806 
Plus: Effect of dilutive equity awards351 264 328 243 
Denominator for diluted income per share for both Class A and Class B48,725 50,009 48,768 50,049 
Net income per Class A Nonvoting Common Share:
Basic$0.90 $0.76 $1.88 $1.55 
Diluted$0.90 $0.76 $1.86 $1.55 
Net income per Class B Voting Common Share:
Basic$0.90 $0.76 $1.86 $1.54 
Diluted$0.90 $0.76 $1.85 $1.53 
Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value were greater than the average market price of the Company's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 49,562 and 634,999 for the three months ended January 31, 2024 and 2023, respectively, and 181,674 and 609,266 for the six months ended January 31, 2024 and 2023, respectively.