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Net Income Per Share
3 Months Ended
Oct. 31, 2017
Earnings Per Share [Abstract]  
Net Income Per Share
NOTE 5 – Net Income Per Share
The table below reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:
 
 
Three Months Ended October 31,
(In thousands)
 
2017
 
2016
Weighted average common shares outstanding
 
230,694

 
225,436

Effect of dilutive securities - stock options
 
8,097

 
12,322

Weighted average common and dilutive potential common shares outstanding
 
238,791

 
237,758


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 2,190,504 and 397,122 for the three months ended October 31, 2017 and 2016, respectively, because their inclusion would have been anti-dilutive.