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Net Income per Common Share (Notes) | 9 Months Ended
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Apr. 30, 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 April 30, |  | Nine months ended April 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator (in thousands): |  |  |  |  |  |  |
Net income (Numerator for basic and diluted income per Class A Nonvoting Common Share) | $ | 52,263 |  |  | $ | 50,890 |  |  | $ | 139,380 |  |  | $ | 141,759 |
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 | $ | 52,263 |  |  | $ | 50,890 |  |  | $ | 138,636 |  |  | $ | 141,006 |
Denominator (in thousands): |  |  |  |  |  |  |
Denominator for basic income per share for both Class A and Class B | 47,644 |  |  | 48,004 |  |  | 47,743 |  |  | 48,294 |
Plus: Effect of dilutive equity awards | 422 |  |  | 382 |  |  | 453 |  |  | 346 |
Denominator for diluted income per share for both Class A and Class B | 48,066 |  |  | 48,386 |  |  | 48,196 |  |  | 48,640 |
Net income per Class A Nonvoting Common Share: |  |  |  |  |  |  |
Basic | $ | 1.10 |  |  | $ | 1.06 |  |  | $ | 2.92 |  |  | $ | 2.94 |
Diluted | $ | 1.09 |  |  | $ | 1.05 |  |  | $ | 2.89 |  |  | $ | 2.91 |
Net income per Class B Voting Common Share: |  |  |  |  |  |  |
Basic | $ | 1.10 |  |  | $ | 1.06 |  |  | $ | 2.90 |  |  | $ | 2.92 |
Diluted | $ | 1.09 |  |  | $ | 1.05 |  |  | $ | 2.88 |  |  | $ | 2.90 |
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 April 30, 2025. The amount of anti-dilutive shares were 47,409 for the three months ended April 30, 2024, and 5,759 and 136,919 for the nine months ended April 30, 2025 and 2024, respectively.

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