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Net Income Per Share
 6 Months Ended
Jan. 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:
Three Months Ended January 31,Six Months Ended January 31,
(In thousands)2023202220232022
Weighted average common shares outstanding476,376 474,372 476,237 474,334 
Effect of dilutive securities6,160 8,002 6,001 8,154 
Weighted average common and dilutive potential common shares outstanding
482,536 482,374 482,238 482,488 
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 3,091,704 and 300,500 options to purchase the Company’s common stock for the three months ended January 31, 2023 and 2022, respectively, and 6,247,298 and 411,000 options to purchase the Company’s common stock for the six months ended January 31, 2023 and 2022, respectively, because their inclusion would have been anti-dilutive.