Earnings Per Common Share

9 Months Ended

Apr. 30, 2023

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,
	2023	2022	2023	2022
Weighted-average common shares outstanding for basic earnings per share	53,425,379	54,906,356	53,534,746	55,278,320
Unvested restricted and performance stock units	395,021	162,427	319,796	228,703
Weighted-average common shares outstanding assuming dilution	53,820,400	55,068,783	53,854,542	55,507,023

For the three months ended April 30, 2023 and 2022, the Company had 113,964 and 211,348 unvested restricted stock units and performance stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For the nine months ended April 30, 2023 and 2022, the Company had 162,565 and 159,077 unvested restricted stock units and performance stock units outstanding, respectively, which were excluded from this calculation as their effect would have been antidilutive.