Net Income per Common Share (Tables)

6 Months Ended

Jan. 31, 2024

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 January 31,				Six months ended January 31,
	2024		2023		2024		2023
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 B	48,374		49,745		48,440		49,806
Plus: Effect of dilutive equity awards	351		264		328		243
Denominator for diluted income per share for both Class A and Class B	48,725		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