Stockholders' Equity (Tables)

12 Months Ended

Jul. 31, 2024

Stockholders' Equity Note [Abstract]

Schedule of Capital Stock

Information as to the Company’s capital stock as of July 31, 2024 and 2023 was as follows:

	July 31, 2024				July 31, 2023
	Shares Authorized	Shares Issued	Amount (thousands)		Shares Authorized	Shares Issued	Amount (thousands)
Preferred Stock, $.01 par value	5,000,000				5,000,000
Cumulative Preferred Stock: 6% Cumulative	5,000				5,000
1972 Series	10,000				10,000
1979 Series	30,000				30,000
Common Stock, $.01 par value: Class A Nonvoting	100,000,000	51,261,487	$	513	100,000,000	51,261,487	$	513
Class B Voting	10,000,000	3,538,628	35		10,000,000	3,538,628	35
			$	548			$	548

Schedule of Other Activity in Stockholders' Equity

The following is a summary of other activity in stockholders’ equity during the years ended July 31, 2024, 2023, and 2022:

	Deferred Compensation		Shares Held in Rabbi Trust, at cost		Total
Balances at July 31, 2021	$	10,534	$	(10,534)	$	—
Shares at July 31, 2021	315,916		315,916
Sale of shares at cost	$	(721)	$	721	$	—
Purchase of shares at cost	1,242		(1,242)		—
Balances at July 31, 2022	$	11,055	$	(11,055)	$	—
Shares at July 31, 2022	318,285		318,285
Sale of shares at cost	$	(739)	$	739	$	—
Purchase of shares at cost	1,067		(1,067)		—
Balances at July 31, 2023	$	11,383	$	(11,383)	$	—
Shares at July 31, 2023	318,198		318,198
Sale of shares at cost	$	(889)	$	889	$	—
Purchase of shares at cost	1,217		(1,217)		—
Balances at July 31, 2024	$	11,711	$	(11,711)	$	—
Shares at July 31, 2024	312,124		312,124

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table:

Black-Scholes Option Valuation Assumptions	2024		2023		2022
Expected term (in years)	5.40		5.71		6.23
Expected volatility	30.23	%	29.64	%	30.04	%
Expected dividend yield	1.89	%	2.01	%	2.26	%
Risk-free interest rate	4.72	%	3.66	%	1.27	%

Schedule of Stock Option Activity

The following is a summary of stock option activity for the year ended July 31, 2024:

Time-Based Options	Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding as of July 31, 2023	1,546,783	$	42.05
Granted	53,062	54.74
Exercised	(352,983)	35.20
Forfeited	(24,816)	48.08
Outstanding as of July 31, 2024	1,222,046	$	44.46	5.5	$	33,087
Exercisable as of July 31, 2024	1,038,471	$	43.70	5.1	$	28,906

The following table summarizes additional stock option information:

	2024		2023		2022
Weighted-average fair value of options granted during the period	$	16.41	$	12.14	$	11.55
Intrinsic value of options exercised during the period (in thousands)	8,860		1,822		4,269
Fair value of options vested during the period (in thousands)	2,020		3,384		2,446
Cash received from the exercise of stock options during the period (in thousands)	8,186		4,091		1,082
Tax benefit on options exercised during the period (in thousands)	2,215		455		1,067

Schedule of RSU Activity

The following tables summarize the RSU activity during the year ended July 31, 2024:

RSUs	Shares	Weighted Average Grant Date  Fair Value
Non-vested RSUs as of July 31, 2023	133,868	$	46.55
Granted	95,145	55.43
Vested	(69,001)	45.98
Forfeited	(11,021)	50.36
Non-vested RSUs as of July 31, 2024	148,991	$	52.20

Schedule of PRSU Activity

The following tables summarize the PRSU activity during the year ended July 31, 2024:

PRSUs	Shares	Weighted Average Grant Date  Fair Value
Non-vested PRSUs as of July 31, 2023	63,448	$	58.39
Granted	65,956	51.16
Vested	(2,786)	60.73
Forfeited	(23,397)	59.47
Non-vested PRSUs as of July 31, 2024	103,221	$	53.46