Loss Per Share

3 Months Ended

Oct. 31, 2013

Loss Per Share [Abstract]

Loss Per Share

Note 4—Loss Per Share

Basic earnings per share is computed by dividing net income (loss) 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 following shares were excluded from the diluted loss per share computations because their inclusion would have been anti-dilutive:

	Three Months Ended October 31,
	2013		2012
	(in thousands)
Stock options		32		—
Non-vested restricted Class B common stock		1,279		1,058
Shares excluded from the calculation of diluted loss per share		1,311		1,058

For the three months ended October 31, 2013 and 2012, the diluted loss per share equals basic loss per share because the Company had a net loss and the impact of the assumed exercise of stock options and assumed vesting of restricted stock would have been anti-dilutive.