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Net Income per Common Share | 6 Months Ended
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Jan. 31, 2020
Earnings Per Share [Abstract] |
Net Income 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:
| Three months ended January 31, |  | Six months ended January 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Numerator (in thousands): |  |  |  |  |  |  |
Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) | $ | 33,553 |  |  | $ | 29,227 |  |  | $ | 71,051 |  |  | $ | 59,864 |
Less: |  |  |  |  |  |  |
Preferential dividends | — |  |  | — |  |  | (828 | ) |  | (815 | )
Preferential dividends on dilutive stock options | — |  |  | — |  |  | (10 | ) |  | (13 | )
Numerator for basic and diluted income per Class B Voting Common Share | $ | 33,553 |  |  | $ | 29,227 |  |  | $ | 70,213 |  |  | $ | 59,036 |
Denominator: (in thousands) |  |  |  |  |  |  |
Denominator for basic income per share for both Class A and Class B | 53,320 |  |  | 52,532 |  |  | 53,232 |  |  | 52,366 |
Plus: Effect of dilutive equity awards | 507 |  |  | 674 |  |  | 549 |  |  | 716 |
Denominator for diluted income per share for both Class A and Class B | 53,827 |  |  | 53,206 |  |  | 53,781 |  |  | 53,082 |
Net income per Class A Nonvoting Common Share: |  |  |  |  |  |  |
Basic | $ | 0.63 |  |  | $ | 0.56 |  |  | $ | 1.33 |  |  | $ | 1.14 |
Diluted | $ | 0.62 |  |  | $ | 0.55 |  |  | $ | 1.32 |  |  | $ | 1.13 |
Net income per Class B Voting Common Share: |  |  |  |  |  |  |
Basic | $ | 0.63 |  |  | $ | 0.56 |  |  | $ | 1.32 |  |  | $ | 1.13 |
Diluted | $ | 0.62 |  |  | $ | 0.55 |  |  | $ | 1.31 |  |  | $ | 1.11 |
Stock-based awards to purchase 248,604 and 272,922 shares of Class A Nonvoting Common Stock for the three months ended January 31, 2020 and 2019, respectively, and 286,161 and 476,412 shares for the six months ended January 31, 2020 and 2019, respectively, were not included in the computation of diluted net income per share because the effect would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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