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Earnings Per Share (Tables)
9 Months Ended
Apr. 30, 2012
Earnings Per Share [Abstract]  
Schedule of numerators and denominators used in basic and diluted EPS calculations

 

 

Three months ended
April 30,

 

Nine months ended
April 30,

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net income for basic calculation

 

$  6,066,000

 

    14,255,000

 

  24,488,000

 

  56,007,000

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Interest expense (net of tax) on 3.0% convertible senior notes

 

    1,117,000

 

      1,117,000

 

     3,351,000

 

     3,351,000

Numerator for diluted calculation

 

$  7,183,000

 

    15,372,000

 

   27,839,000

 

   59,358,000

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic calculation

 

  18,853,000

 

   26,577,000

 

  20,746,000

 

  27,310,000

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Stock options

 

       263,000

 

        210,000

 

        236,000

 

        219,000

Conversion of 3.0% convertible senior notes

 

    5,794,000

 

     5,591,000

 

     5,742,000

 

     5,540,000

Denominator for diluted calculation

 

  24,910,000

 

   32,378,000

 

   26,724,000

 

   33,069,000