Net Income per Common Share

12 Months Ended

Jul. 31, 2025

Earnings Per Share [Abstract]

Net Earnings per Common Share

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:

	Years ended July 31,
	2025		2024		2023
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	189,256	$	197,215	$	174,857
Less:
Preferential dividends	(736)		(748)		(769)
Preferential dividends on dilutive stock options	(8)		(5)		(3)
Numerator for basic and diluted income per Class B Voting Common Share	$	188,512	$	196,462	$	174,085
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	47,641		48,119		49,591
Plus: Effect of dilutive equity awards	451		377		278
Denominator for diluted income per share for both Class A and Class B	48,092		48,496		49,869
Net income per Class A Nonvoting Common Share:
Basic	$	3.97	$	4.10	$	3.53
Diluted	$	3.94	$	4.07	$	3.51
Net income per Class B Voting Common Share:
Basic	$	3.96	$	4.08	$	3.51
Diluted	$	3.92	$	4.05	$	3.49

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 Brady's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 4,319, 113,641, and 549,031 for the years ended July 31, 2025, 2024, and 2023, respectively.