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Net Income Per Share
 9 Months Ended
Apr. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The table below reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:
Three Months Ended April 30,Nine Months Ended April 30,
(In thousands)2022202120222021
Weighted average common shares outstanding237,505 236,396 237,277 236,110 
Effect of dilutive securities3,219 3,812 4,011 4,039 
Weighted average common and dilutive potential common shares outstanding
240,724 240,208 241,288 240,149 
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 1,758,631 and 1,280,000 options to purchase the Company’s common stock for the three months ended April 30, 2022 and 2021, respectively, and 1,964,131 and 3,180,000 options to purchase the Company’s common stock for the nine months ended April 30, 2022 and 2021, respectively, because their inclusion would have been anti-dilutive.