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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Jul. 31, 2020
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data

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

 
  
1st Quarter
    
2nd Quarter
    
3rd Quarter(a) (b)
    
4th 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.