Earnings Per Common Share

3 Months Ended

Oct. 31, 2017

4.	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,
	2017		2016
Weighted-average shares outstanding for basic earnings per share		52,611,926		52,503,966
Unvested restricted stock and restricted stock units		206,437		201,976

Weighted-average shares outstanding assuming dilution		52,818,363		52,705,942

At October 31, 2017 and 2016, the Company had 46,692 and 52,098, respectively, of unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.