Net Income (Loss) per Share (Tables)

12 Months Ended

Jul. 31, 2020

Company's basic and diluted earnings per share

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the years ended July 31, 2020, 2019 and 2018 (in thousands, except share and per share amounts):


	Fiscal years ended July 31,
	2020		2019		2018
Numerator:
Net income (loss)	$	(27,198)	$	20,732	$	(26,743)
Net income (loss) per share:
Basic	$	(0.33)	$	0.25	$	(0.34)
Diluted	$	(0.33)	$	0.25	$	(0.34)
Denominator:
Weighted average shares used in computing net income (loss) per share:
Basic	82,855,392		81,447,998		77,709,592
Weighted average effect of diluted stock options	—		229,035		—
Weighted average effect of diluted stock awards	—		1,004,181		—
Diluted	82,855,392		82,681,214		77,709,592

Outstanding antidilutive shares of common stock equivalents

The following weighted shares outstanding of potential common stock were excluded from the computation of diluted income (loss) per share for the periods presented because including them would have been antidilutive:


	Fiscal years ended July 31,
	2020	2019	2018
Stock options	161,410	—	597,476
Stock awards	2,559,214	44,196	3,161,157