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Net Income Per Share

3 Months Ended

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

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