Earnings Per Common Share

9 Months Ended

Apr. 30, 2013

Earnings Per Common Share

2. Earnings Per Common Share

	Three Months Ended April 30,				Nine Months Ended April 30,
	2013		2012		2013		2012
Weighted average common shares outstanding for basic earnings per share		53,023,277		52,879,877		52,984,192		54,162,411
Stock options and unvested restricted stock and restricted stock units		91,198		90,480		104,199		50,252
Weighted average common shares outstanding for diluted earnings per share		53,114,475		52,970,357		53,088,391		54,212,663

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 April 30, 2013 and 2012, the Company had 36,264 and 400,000, respectively, of antidilutive stock options and unvested restricted stock and restricted stock units outstanding which were excluded from this calculation.