Earnings Per Common Share

3 Months Ended

Oct. 31, 2024

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,
	2024		2023
Weighted-average common shares outstanding for basic earnings per share	52,974,603		53,295,835
Unvested restricted stock units and performance stock units	—	(1)	557,884
Weighted-average common shares outstanding assuming dilution	52,974,603		53,853,719

(1)Due to a loss for the three months ended October 31, 2024, zero incremental shares are included because the effect would be antidilutive.

The Company excluded 523,157 and 51,298 unvested restricted stock units and performance stock units that have an antidilutive effect from its calculation of weighted-average common shares outstanding assuming dilution at October 31, 2024 and October 31, 2023, respectively.