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Net Income Per Share | 12 Months Ended
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Jul. 31, 2023
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:
|  | Year Ended July 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Weighted average common shares outstanding |  | 953,574 |  |  | 949,676 |  |  | 945,008 |
Effect of dilutive securities |  | 13,073 |  |  | 14,928 |  |  | 16,152 |
Weighted average common and dilutive potential common shares outstanding |  | 966,647 |  |  | 964,604 |  |  | 961,160 |
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 8,333,268; 14,891,048; and 16,361,000 options to purchase the Company’s common stock for the years ended July 31, 2023, 2022 and 2021, respectively, because their inclusion would have been anti-dilutive.

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