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Net Income per Common Share
12 Months Ended
Jul. 31, 2023
Earnings Per Share [Abstract]  
Net Earnings 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:
Years ended July 31,
 202320222021
Numerator (in thousands):
Net Income (Numerator for basic and diluted income per Class A Nonvoting Common Share)$174,857 $149,979 $129,659 
Less:
Preferential dividends(769)(803)(807)
Preferential dividends on dilutive stock options(3)(8)(5)
Numerator for basic and diluted income per Class B Voting Common Share$174,085 $149,168 $128,847 
Denominator (in thousands):
Denominator for basic income per share for both Class A and Class B49,591 51,321 52,039 
Plus: Effect of dilutive equity awards278 330 370 
Denominator for diluted income per share for both Class A and Class B49,869 51,651 52,409 
Net income per Class A Nonvoting Common Share:
Basic$3.53 $2.92 $2.49 
Diluted$3.51 $2.90 $2.47 
Net income per Class B Voting Common Share:
Basic$3.51 $2.91 $2.48 
Diluted$3.49 $2.89 $2.46 
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 Brady's Class A Nonvoting Common Stock because the effect would have been anti-dilutive. The amount of anti-dilutive shares were 549,031, 497,307, and 511,189 for the years ended July 31, 2023, 2022, and 2021, respectively.