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Net Income Per Share | 3 Months Ended
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Oct. 31, 2015
Earnings Per Share [Abstract] |
Net Income Per Share | NOTE 7 – Net Income Per Share The table below reconciles basic weighted shares outstanding to diluted weighted average shares outstanding:
| Three Months Ended October 31,
(In thousands) | 2015 |  | 2014
Weighted average common shares outstanding | 120,155 |  |  | 126,217 |
Effect of dilutive securities - stock options | 5,417 |  |  | 5,300 |
Weighted average common and dilutive potential common shares outstanding | 125,572 |  |  | 131,517 |
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 7,676,298 and 5,111,371 stock options for the three months ended October 31, 2015 and 2014, respectively, because their inclusion would have been anti-dilutive.

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