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Net Income Per Share

12 Months Ended

Jul. 31, 2019

Earnings Per Share [Abstract]

Net Income Per Share

11 — Net Income Per Share

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

		Year Ended July 31,
(In thousands)		2019			2018			2017
Weighted average common shares outstanding		230,489			231,793			228,686
Effect of dilutive securities — stock options		9,964			10,084			8,333
Weighted average common and dilutive potential common shares outstanding		240,453			241,877			237,019

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 3,045,000; 4,788,004; and 3,058,808 options to purchase the Company’s common stock for the years ended July 31, 2019, 2018 and 2017, respectively, because their inclusion would have been anti-dilutive.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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