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Equity | 3 Months Ended
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Oct. 31, 2020
Equity [Abstract] |
Equity | Equity Common Stock Repurchase Program In December 2015, the Company’s Board authorized a $200 million share repurchase program (the “2016 Stock Repurchase Program”). There were no repurchases of common stock by the Company during the three months ended October 31, 2020 and the remaining availability was approximately $181.4 million at October 31, 2020. Net Income per Common Share Basic net income per common share is computed by dividing the net income applicable to common shares after preferred dividend requirements, if any, by the weighted-average number of common shares outstanding during the period. Diluted net income per common share adjusts basic net income per common share for the effects of outstanding stock options, restricted stock units and any other potentially dilutive financial instruments, only in the periods in which such effect is dilutive under the treasury stock method. The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to those shares used in calculating diluted net income per common share as follows:
| Three Months Ended |  |
| October 31, 2020 |  | November 2, 2019 |  |  |  |
| (thousands) |  |
Basic | 10,088 |  |  | 9,939 |  |  |  |  |
Dilutive effect of stock options and restricted stock units (a) | — |  |  | — |  |  |  |  |
Diluted shares | 10,088 |  |  | 9,939 |  |  |  |  |
(a) There was no dilutive effect of stock options and restricted stock units for the three months ended October 31, 2020. The dilutive effect of stock options and restricted stock units for the three months ended November 2, 2019 was de minimis. Options to purchase shares of common stock at an exercise price greater than the average market price of the common stock during the reporting period are anti-dilutive, and therefore not included in the computation of diluted net income per common share. In addition, the Company has outstanding restricted stock units that are issuable only upon the achievement of certain service conditions. Any performance or market-based restricted stock units outstanding are included in the computation of diluted shares only to the extent the underlying performance or market conditions (a) are satisfied prior to the end of the reporting period or (b) would be satisfied if the end of the reporting period was the end of the related contingency period, and the result would be dilutive under the treasury stock method.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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