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Net Income Per Share (Tables)
3 Months Ended
Oct. 31, 2012
Computation of Basic and Diluted Net Income Per Share
     Three months ended
October 31,
 
             2012                      2011          

Net income

   $ 4,381       $ 4,026   

Weighted average number of common shares outstanding-basic

     12,323         12,437   

Effect of dilutive securities:

     

Stock options and restricted stock awards

     259         111   

Weighted average number of common shares outstanding-diluted

     12,582         12,548   

Basic net income per share

   $ 0.36       $ 0.32   

Diluted net income per share

   $ 0.35       $ 0.32   

Anti-dilutive shares related to outstanding stock options and unvested restricted stock awards (A)

     29         274   

 

(A) Certain outstanding stock options were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of the Common Stock and, therefore, the effect would be anti-dilutive. Certain restricted stock units and awards were also excluded from the computation as their effect would be anti-dilutive.