Net income (loss) per share

3 Months Ended

Oct. 31, 2014

Net income (loss) per share

12. Net income (loss) per share

Basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the sum of the weighted average number of common shares outstanding during the period and, if dilutive, the weighted average number of potential shares of common stock, including unvested restricted stock and the assumed exercise of stock options using the treasury stock method.

Basic and diluted net income (loss) per share are calculated as follows:

	For the Three Months Ended October 31
(in millions, except share data)	2014		2013
Net income (loss)	$	3.7	$	(3.8	)
Weighted average number of common shares outstanding-basic (000’s)		12,407		12,443
Effect of dilutive securities:
Stock options and restricted stock units (000’s)		163		-
Weighted average number of common shares outstanding-diluted (000’s)	$	12,570	$	12,443
Basic net income (loss) per share:	$	0.29	($	0.30	)
Diluted net income (loss) per share:	$	0.29	($	0.30	)
Anti-dilutive shares related to outstanding stock options and unvested restricted stock (000’s) (A)		255		546

(A) These shares related to outstanding stock options and unvested restricted stock were not included in our calculations of diluted earnings per share, as the effect of including them would be anti-dilutive.