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Net Income Per Share
12 Months Ended
Jul. 31, 2024
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)202420232022
Weighted average common shares outstanding960,739 953,574 949,676 
Effect of dilutive securities14,059 13,073 14,928 
Weighted average common and dilutive potential common shares outstanding974,798 966,647 964,604 
There were no material adjustments to net income required in calculating diluted net income per share. Excluded from the dilutive net income per share calculation were 2,612,116; 8,333,268; and 14,891,048 options to purchase the Company’s common stock and restrictive stock for the years ended July 31, 2024, 2023 and 2022, respectively, because their inclusion would have been anti-dilutive.