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Earnings Per Common Share

9 Months Ended

Apr. 30, 2019

4.	Earnings Per Common Share

The following table reflects the weighted-average common shares used to compute basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income:


	Three Months Ended April 30,				Nine Months Ended April 30,
	2019		2018		2019		2018
Weighted-average shares outstanding for basic earnings per share		55,063,473		52,695,365		53,515,491		52,667,016
Unvested restricted stock units		102,594		158,176		112,136		177,024

Weighted-average shares outstanding assuming dilution		55,166,067		52,853,541		53,627,627		52,844,040

For the three and nine months ended April 30, 2019, the Company had 127,548 and 199,020 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For both the three and nine months ended April 30, 2018, the Company did not have any unvested restricted stock units outstanding to exclude from this calculation as their effect would have been antidilutive.