Net Income Per Common Share (Tables)

9 Months Ended

Apr. 30, 2015

Computation of Basic and Diluted Net Income Per Share

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

	Three Months Ended				Nine Months Ended
	April 30,				April 30,
(in millions, except share data)	2015		2014		2015		2014
Net income	$	9.1	$	7.8	$	22.6	$	23.3
Weighted average number of common shares outstanding-basic (000’s)		12,419		12,403		12,401		12,421
Effect of dilutive securities:
Stock options and restricted stock units (000’s)		184		244		200		258
Weighted average number of common shares outstanding-diluted (000’s)		12,603		12,647		12,601		12,679
Basic net income per share	$	0.73	$	0.63	$	1.82	$	1.88
Diluted net income per share	$	0.72	$	0.62	$	1.79	$	1.84
Anti-dilutive shares related to outstanding stock options and unvested restricted stock (000’s)		16		123		179		109