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Net Income Per Share
 9 Months Ended
Apr. 30, 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:
Three Months Ended April 30,Nine Months Ended April 30,
(In thousands)2024202320242023
Weighted average common shares outstanding961,813 953,574 960,143 952,834 
Effect of dilutive securities14,632 13,806 14,083 12,602 
Weighted average common and dilutive potential common shares outstanding
976,445 967,380 974,226 965,436 
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 631,147 and 3,451,940 options to purchase the Company’s common stock for the three months ended April 30, 2024 and 2023, respectively, and 1,937,294 and 15,946,536 options to purchase the Company’s common stock for the nine months ended April 30, 2024 and 2023, respectively, because their inclusion would have been anti-dilutive.