EARNINGS (LOSS) PER COMMON SHARE (Tables)

12 Months Ended

Jul. 31, 2013

EARNINGS (LOSS) PER COMMON SHARE

Schedule of reconciliation of the diluted weighted average shares

The following table presents a reconciliation of the diluted weighted average shares (in thousands):

	Year Ended July 31,
	2013		2012		2011
Basic weighted average shares		32,429		32,196		32,129
Effect of potential dilutive securities:
Warrants		7,189		—		—
Stock options and restricted share awards		1,340		—		—
Diluted weighted average shares		40,958		32,196		32,129