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Net Income Per Share
 12 Months Ended
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)202220212020
Weighted average common shares outstanding237,419 236,252 233,202 
Effect of dilutive securities3,732 4,038 5,454 
Weighted average common and dilutive potential common shares outstanding241,151 240,290 238,656 
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.