Earnings Per Common Share

9 Months Ended

Apr. 30, 2021

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 April 30,		Nine Months Ended April 30,
	2021	2020	2021	2020
Weighted-average common shares outstanding for basic earnings per share	55,366,241	55,198,756	55,323,080	55,163,943
Unvested restricted stock units	357,137	194,226	292,027	173,722
Weighted-average common shares outstanding assuming dilution	55,723,378	55,392,982	55,615,107	55,337,665

For the three months ended April 30, 2021 and 2020, the Company had 86,946 and 140,481 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For the nine months ended April 30, 2021 and 2020, the Company had 81,557 and 189,090 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would have been antidilutive.