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Net Income Per Share | 12 Months Ended
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Jul. 31, 2022
Earnings Per Share [Abstract] |
Net Income Per Share | NOTE 11 — Net Income Per Share The table below reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:
|  | Year Ended July 31,
(In thousands) |  | 2022 |  | 2021 |  | 2020
Weighted average common shares outstanding |  | 237,419 |  |  | 236,252 |  |  | 233,202 |
Effect of dilutive securities |  | 3,732 |  |  | 4,038 |  |  | 5,454 |
Weighted average common and dilutive potential common shares outstanding |  | 241,151 |  |  | 240,290 |  |  | 238,656 |
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 3,722,762; 4,090,250; and 1,575,167 options to purchase the Company’s common stock for the years ended July 31, 2022, 2021 and 2020, respectively, because their inclusion would have been anti-dilutive.

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