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Net Income Per Share
 6 Months Ended
Jan. 31, 2015
Net Income 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:

    Three Months Ended January 31,     Six Months Ended January 31,  
(In thousands)   2015     2014     2015     2014  
Weighted average common shares oustanding     126,300       125,564       126,258       125,512  
Effect of dilutive securities - stock options     5,572       5,537       5,436       5,392  
Weighted average common and dilutive potential common shares outstanding     131,872       131,101       131,694       130,904  

 

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 5,104,400 and 4,429,831 shares for the three months ended January 31, 2015 and 2014, respectively, and 5,148,374 and 2,373,448 shares for the six months ended January 31, 2015 and 2014, respectively, because their inclusion would have been anti-dilutive.