Earnings Per Common Share

3 Months Ended

Oct. 31, 2012

Earnings Per Common Share

2. Earnings Per Common Share

	Three Months Ended October 31, 2012		Three Months Ended October 31, 2011
Weighted average common shares outstanding for basic earnings per share		52,928,467		54,992,184
Stock options and unvested restricted stock and restricted stock units		107,115		21,823
Weighted average common shares outstanding for diluted earnings per share		53,035,582		55,014,007

The Company excludes stock options and unvested restricted stock and restricted stock units that have an antidilutive effect from its calculation of weighted average shares outstanding assuming dilution. At October 31, 2012 and 2011, the Company had 280,681 and 778,725, respectively, of antidilutive stock options and unvested restricted stock units outstanding which were excluded from this calculation.