Net income per share (Tables)

12 Months Ended

Jul. 31, 2012

Computation of Basic and Diluted net Income per Share

The following table sets forth the computation of basic and diluted net income per share for fiscal years 2012, 2011, and 2010:

	(In thousands, except per share data)
	Year Ended July, 31
	2012		2011		2010
Income from continuing operations	$	43,071	$	16,620	$	15,799
Income (loss) from discontinued operations, net of tax		—		289		(244	)
Gain on disposal of discontinued operations, net of tax		—		924		—
Net income	$	43,071	$	17,833	$	15,555
Weighted average number of common shares outstanding-basic		12,265		12,491		12,584
Effect of dilutive securities:
Stock options and restricted stock awards		311		81		71
Weighted average number of common shares outstanding-diluted		12,576		12,572		12,655
Basic net income (loss) per share:
Income from continuing operations	$	3.51	$	1.33	$	1.26
Income (loss) from discontinued operations, net of tax		—		0.02		(0.02	)
Gain on disposal of discontinued operations, net of tax		—		0.08		—
Basic net income per share	$	3.51	$	1.43	$	1.24
Diluted net income (loss) per share:
Income from continuing operations	$	3.42	$	1.33	$	1.25
Income (loss) from discontinued operations, net of tax		—		0.02		(0.02	)
Gain on disposal of discontinued operations, net of tax		—		0.07		—
Diluted net income per share	$	3.42	$	1.42	$	1.23
Anti-dilutive shares related to outstanding stock options and unvested restricted stock awards		212		204		344