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Net Income Per Share
 3 Months Ended
Oct. 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 October 31,
(In thousands)20232022
Weighted average common shares outstanding958,127 952,198 
Effect of dilutive securities13,555 12,138 
Weighted average common and dilutive potential common shares outstanding
971,682 964,336 
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 300,000 and 3,285,600 options to purchase the Company’s common stock for the three months ended October 31, 2023 and 2022, respectively, because their inclusion would have been anti-dilutive.