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Earnings Per Share
 6 Months Ended
Jan. 31, 2024
Earnings per share attributable to IDT Corporation common stockholders:  
Earnings Per Share

Note 14— Earnings Per Share

 

Basic earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive.

 

The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following:

 

   2024   2023   2024   2023 
  

Three Months Ended

January 31,

  

Six Months Ended

January 31,

 
   2024   2023   2024   2023 
   (in thousands) 
Basic weighted-average number of shares   25,175    25,510    25,176    25,556 
Effect of dilutive securities:                    
Stock options   —    9    1    11 
Non-vested restricted Class B common stock   142    19    120    10 
                     
Diluted weighted-average number of shares   25,317    25,538    25,297    25,577 

 

There were no shares excluded from the calculation of diluted earnings per share in the three and six months ended January 31, 2024 and 2023.