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Net Income Per Share
 6 Months Ended
Jan. 31, 2013
Earnings Per Share [Abstract]  
Net Income Per Share

NOTE 6 - Net Income Per Share

The table below reconciles basic weighted shares outstanding to diluted weighted average shares outstanding (in thousands):

Three Months Ended January 31, Six Months Ended January 31,
2013 2012 2013 2012
Basic weighted average shares outstanding 124,709 128,306 124,505 129,870
Effect of dilutive securities - stock options 4,811 3,284 4,492 2,826
Diluted weighted average shares outstanding 129,520 131,590 128,997 132,696

There were no material adjustments to net income required in calculating diluted net income per share. Excluded from the dilutive earnings per share calculation were 247,500 and 2,310,000 stock options for the three months ended January 31, 2013 and 2012, respectively, because their effect would have been anti-dilutive and excluded from the dilutive earnings per share calculation were 358,005 and 2,266,430 stock options for the six months ended January 31, 2013 and 2012, respectively, because their effect would have been anti-dilutive.