Earnings Per Common Share

9 Months Ended

Apr. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Common Share

4. Earnings Per Common Share

	Three Months Ended				Nine Months Ended
	April 30,				April 30,
	2011		2010		2011		2010
Weighted average shares outstanding for basic earnings per share		55,829,122		51,461,181		55,079,700		53,521,242
Stock options and restricted stock		112,267		124,269		105,481		100,342
Total — for diluted shares		55,941,389		51,585,450		55,185,181		53,621,584

The Company excludes stock options that have an antidilutive effect from its calculation of weighted average shares outstanding assuming dilution. The Company had stock options outstanding of 886,000 at April 30, 2011 and 25,000 at April 30, 2010 which were excluded from this calculation.