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Net Income Per Share
 9 Months Ended
Apr. 30, 2012
Earnings Per Share [Abstract]  
Net Income Per Share

NOTE 7 - Net Income Per Share

There were no material adjustments to net income in calculating diluted net income per share. The table below reconciles basic weighted shares outstanding to diluted weighted average shares outstanding (in thousands):

 
                                                           
              Three months ended April 30,           Nine months ended April 30,        
              2012           2011           2012           2011        
  Basic weighted average shares outstanding           126,596           139,613           128,794           156,714        
  Effect of dilutive securities - stock options           3,855           2,452           3,165           1,734        
  Diluted weighted average shares outstanding           130,451           142,065           131,959           158,448        

Excluded from the dilutive earnings per share calculation were 2,291,660 and 2,924,550 stock options for the three months ended April 30, 2012 and 2011, respectively, because their effect would have been anti-dilutive. Excluded from the dilutive earnings per share calculation were 2,163,173 and 6,257,560 stock options for the nine months ended April 30, 2012 and 2011, respectively, because their effect would have been anti-dilutive.