Earnings Per Common Share

3 Months Ended

Oct. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table reflects the weighted-average common shares used to compute basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income:

	Three Months Ended October 31,
	2020	2019
Weighted-average common shares outstanding for basic earnings per share	55,238,164	55,095,074
Unvested restricted stock units	316,518	129,581
Weighted-average common shares outstanding assuming dilution	55,554,682	55,224,655

For the three months ended October 31, 2020 and 2019, the Company had 96,809 and 266,699 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive.