Net Income per Common Share (Notes)

6 Months Ended

Jan. 31, 2026

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,
	2026		2025		2026		2025
Numerator (in thousands):
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share)	$	48,051	$	40,334	$	101,987	$	87,117
Less:
Preferential dividends	—		—		(728)		(736)
Preferential dividends on dilutive stock options	—		—		(8)		(8)
Numerator for basic and diluted income per Class B Voting Common Share	$	48,051	$	40,334	$	101,251	$	86,373
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B	47,310		47,851		47,291		47,792
Plus: Effect of dilutive equity awards	428		455		443		469
Denominator for diluted income per share for both Class A and Class B	47,738		48,306		47,734		48,261
Net income per Class A Nonvoting Common Share:
Basic	$	1.02	$	0.84	$	2.16	$	1.82
Diluted	$	1.01	$	0.83	$	2.14	$	1.81
Net income per Class B Voting Common Share:
Basic	$	1.02	$	0.84	$	2.14	$	1.81
Diluted	$	1.01	$	0.83	$	2.12	$	1.79

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, 2026 and 2025. The amount of anti-dilutive shares were 9,234 and 8,639 for the six months ended January 31, 2026 and 2025, respectively.