Net Income Per Share

12 Months Ended

Jul. 31, 2015

12 — Net Income Per Share

The table below reconciles basic weighted shares outstanding to diluted weighted average shares outstanding:



	July 31,
(In thousands)	2015	2014	2013
Weighted average common shares outstanding	125,914	125,693	124,912
Effect of dilutive securities — stock options	5,511	5,537	4,869
Weighted average common and dilutive potential common shares outstanding	131,425	131,230	129,781

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 5,905,374; 3,684,735; and 298,408 options to purchase the Company’s common stock for the years ended July 31, 2015, 2014, and 2013, respectively, because their inclusion would have been anti-dilutive.