Net Income per Common Share (Tables)

12 Months Ended

Jul. 31, 2024

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,
	2024		2023		2022
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	197,215	$	174,857	$	149,979
Less:
Preferential dividends	(748)		(769)		(803)
Preferential dividends on dilutive stock options	(5)		(3)		(8)
Numerator for basic and diluted income per Class B Voting Common Share	$	196,462	$	174,085	$	149,168
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	48,119		49,591		51,321
Plus: Effect of dilutive equity awards	377		278		330
Denominator for diluted income per share for both Class A and Class B	48,496		49,869		51,651
Net income per Class A Nonvoting Common Share:
Basic	$	4.10	$	3.53	$	2.92
Diluted	$	4.07	$	3.51	$	2.90
Net income per Class B Voting Common Share:
Basic	$	4.08	$	3.51	$	2.91
Diluted	$	4.05	$	3.49	$	2.89