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Earnings Per Common Share

3 Months Ended

Oct. 31, 2011

Earnings Per Common Share [Abstract]

Earnings Per Common Share

4. Earnings Per Common Share

		Three Months Ended  October 31, 2011				Three Months Ended October 31, 2010
Weighted average common shares outstanding for basic earnings per share			54,992,184				53,621,890
Stock options			21,823				86,214
Weighted average common shares outstanding for diluted earnings per share			55,014,007				53,708,104

The Company excludes stock options that have an antidilutive effect from its calculation of weighted average shares outstanding assuming dilution. At October 31, 2011 and 2010, the Company had 778,725 and 909,000, respectively, of antidilutive stock options outstanding which were excluded from this calculation.

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The entire disclosure for earnings per share.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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