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Net Income Per Share
 9 Months Ended
Apr. 30, 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 April 30,           Nine Months Ended April 30,        
              2013           2012           2013           2012        
  Basic weighted average shares outstanding           125,270           126,596           124,755           128,794        
  Effect of dilutive securities - stock options           5,260           3,855           4,747           3,165        
  Diluted weighted average shares outstanding           130,530           130,451           129,502           131,959        

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 209,914 and 2,291,660 stock options for the three months ended April 30, 2013 and 2012, respectively, because their effect would have been anti-dilutive and excluded from the dilutive earnings per share calculation were 308,641 and 2,163,173 stock options for the nine months ended April 30, 2013 and 2012, respectively, because their effect would have been anti-dilutive.