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Net Income Per Share
 9 Months Ended
Apr. 30, 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 April 30,Nine Months Ended April 30,
(In thousands)2023202220232022
Weighted average common shares outstanding476,787 475,010 476,417 474,554 
Effect of dilutive securities6,903 6,438 6,301 8,022 
Weighted average common and dilutive potential common shares outstanding
483,690 481,448 482,718 482,576 
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 1,725,970 and 3,517,262 options to purchase the Company’s common stock for the three months ended April 30, 2023 and 2022, respectively, and 7,973,268 and 3,928,262 options to purchase the Company’s common stock for the nine months ended April 30, 2023 and 2022, respectively, because their inclusion would have been anti-dilutive.