Earnings Per Common Share

9 Months Ended

Apr. 30, 2014

Earnings Per Common Share

5. Earnings Per Common Share

	Three Months Ended April 30,				Nine Months Ended April 30,
	2014		2013		2014		2013
Weighted average common shares outstanding for basic earnings per share		53,289,864		53,023,277		53,261,186		52,984,192
Stock options and unvested restricted stock and restricted stock units		95,500		91,198		84,458		104,199
Weighted average common shares outstanding for diluted earnings per share		53,385,364		53,114,475		53,345,644		53,088,391

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, 2014 and 2013, the Company had 20,318 and 36,264, respectively, of antidilutive stock options and unvested restricted stock and restricted stock units outstanding which were excluded from this calculation.