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Net Income per Common Share (Notes)
 6 Months Ended
Jan. 31, 2025
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,
 2025202420252024
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)$40,334 $43,628 $87,117 $90,869 
Less:
Preferential dividends— — (736)(748)
Preferential dividends on dilutive stock options— — (8)(5)
Numerator for basic and diluted income per Class B Voting Common Share$40,334 $43,628 $86,373 $90,116 
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B47,851 48,374 47,792 48,440 
Plus: Effect of dilutive equity awards455 351 469 328 
Denominator for diluted income per share for both Class A and Class B48,306 48,725 48,261 48,768 
Net income per Class A Nonvoting Common Share:
Basic$0.84 $0.90 $1.82 $1.88 
Diluted$0.83 $0.90 $1.81 $1.86 
Net income per Class B Voting Common Share:
Basic$0.84 $0.90 $1.81 $1.86 
Diluted$0.83 $0.90 $1.79 $1.85 
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. There were no anti-dilutive shares for the three months ended January 31, 2025. The amount of anti-dilutive shares were 49,562 for the three months ended January 31, 2024, and 8,639 and 181,674 for the six months ended January 31, 2025 and 2024, respectively.