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Net Income Per Share | 3 Months Ended
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Oct. 31, 2019
Earnings Per Share [Abstract] |
Net Income Per Share | NOTE 7 – 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) |  | 2019 |  | 2018
Weighted average common shares outstanding |  | 231,169 |  |  | 233,888 |
Effect of dilutive securities — stock options |  | 7,493 |  |  | 10,938 |
Weighted average common and dilutive potential common shares outstanding |  | 238,662 |  |  | 244,826 |
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 50,000 and 35,000 options to purchase the Company’s common stock for the three months ended October 31, 2019 and 2018, 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 + Details
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