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Net Income Per Share
 6 Months Ended
Jan. 31, 2014
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,
            2014           2013           2014           2013
Basic weighted average shares outstanding           125,564           124,709           125,512           124,505
Effect of dilutive securities - stock options           5,537           4,811           5,392           4,492
Diluted weighted average shares outstanding           131,101           129,520           130,904           128,997

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 4,429,831 and 247,500 stock options for the three months ended January 31, 2014 and 2013, respectively, because their effect would have been anti-dilutive and excluded from the dilutive earnings per share calculation were 2,373,448 and 358,005 stock options for the six months ended January 31, 2014 and 2013, respectively, because their effect would have been anti-dilutive.