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Net Income per Common Share | 6 Months Ended
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Jan. 31, 2021
Earnings Per Share [Abstract] |
Net Income per Common Share | Net Income per Common Share The following table summarizes the computation of basic and diluted net income per share for the Company’s Class A and Class B common stock:
| Three months ended January 31, |  | Six months ended January 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Numerator (in thousands): |  |  |  |  |  |  |
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share) | $ | 30,860 |  |  | $ | 33,553 |  |  | $ | 64,341 |  |  | $ | 71,051 |
Less: |  |  |  |  |  |  |
Preferential dividends | — |  |  | — |  |  | (808) |  |  | (828) |
Preferential dividends on dilutive stock options | — |  |  | — |  |  | (4) |  |  | (10) |
Numerator for basic and diluted income per Class B Voting Common Share | $ | 30,860 |  |  | $ | 33,553 |  |  | $ | 63,529 |  |  | $ | 70,213 |
Denominator: (in thousands) |  |  |  |  |  |  |
Denominator for basic income per share for both Class A and Class B | 52,018 |  |  | 53,320 |  |  | 52,020 |  |  | 53,232 |
Plus: Effect of dilutive equity awards | 264 |  |  | 507 |  |  | 268 |  |  | 549 |
Denominator for diluted income per share for both Class A and Class B | 52,282 |  |  | 53,827 |  |  | 52,288 |  |  | 53,781 |
Net income per Class A Nonvoting Common Share: |  |  |  |  |  |  |
Basic | $ | 0.59 |  |  | $ | 0.63 |  |  | $ | 1.24 |  |  | $ | 1.33 |
Diluted | $ | 0.59 |  |  | $ | 0.62 |  |  | $ | 1.23 |  |  | $ | 1.32 |
Net income per Class B Voting Common Share: |  |  |  |  |  |  |
Basic | $ | 0.59 |  |  | $ | 0.63 |  |  | $ | 1.22 |  |  | $ | 1.32 |
Diluted | $ | 0.59 |  |  | $ | 0.62 |  |  | $ | 1.21 |  |  | $ | 1.31 |
Potentially dilutive securities attributable to outstanding stock options and restricted stock units were excluded from the calculation of diluted net income 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 was 829,617 and 248,604 for the three months ended January 31, 2021 and 2020, respectively, and 785,181 and 286,161 for the six months ended January 31, 2021 and 2020, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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