XML 70 R26.htm IDEA: XBRL DOCUMENT

Quarterly Financial Data (Unaudited)

12 Months Ended

Jul. 31, 2020

Quarterly Financial Data (Unaudited) [Abstract]

18. Quarterly Financial Data (Unaudited)

Quarterly financial data for 2020 and 2019 are summarized as follows:

	1^st Quarter		2^nd Quarter		3^rd Quarter^{(a) (b)}			4^th Quarter^{(b) (c)}
2020
Total revenue	$	749,040	$	846,143	$	432,544		$	495,065
Income before income taxes		59,793		75,630		(84,274	)		30,135
Net income (loss)		43,223		61,168		(161,932	)		25,066
Net income (loss) per share – basic		1.80		2.55		(6.81	)		1.06
Net income (loss) per share – diluted		1.79		2.55		(6.81	)		1.05
2019
Total revenue	$	733,543	$	811,707	$	739,603		$	787,098
Income before income taxes		57,329		72,534		60,974			75,519
Net income		47,207		60,755		50,414			65,025
Net income per share – basic		1.97		2.53		2.10			2.70
Net income per share – diluted		1.96		2.52		2.09			2.70

(a)

In the third quarter of 2020, the Company recorded a loss of $132,878, which represented its equity investment in PBS HC and its receivable related to the principal and accumulated interest amounts on PBS HC promissory notes. See Note 3 for further information regarding the Company’s investment in PBS HC.

(b)

The Company’s operating results were adversely affected by the impact of the COVID-19 pandemic.

(c)

In the fourth quarter of 2020, the Company completed a sale and leaseback transaction and recorded a gain on the sale and leaseback transaction of $69,954.