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Net Income Per Share

3 Months Ended

Oct. 31, 2025

NOTE 4 – 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)	2025		2024
Weighted average common shares outstanding		967,650		963,176
Effect of dilutive securities		9,450		13,330
Weighted average common and dilutive potential common shares outstanding		977,100		976,506

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 2,078,513 and 1,105,573 options to purchase the Company’s common stock and restricted stock for the three months ended October 31, 2025 and 2024, respectively, because their inclusion would have been anti-dilutive.