Earnings Per Common Share

6 Months Ended

Jan. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

3. 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 January  31,				Six Months Ended January 31,
	2019		2018		2019		2018
Weighted-average shares outstanding for basic earnings per share		52,806,981		52,694,680		52,766,739		52,653,303
Unvested restricted stock units		60,706		166,460		116,906		186,449
Weighted-average shares outstanding assuming dilution		52,867,687		52,861,140		52,883,645		52,839,752

For the three months ended January 31, 2019 and 2018, the Company had 317,234 and 35,149 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For the six months ended January 31, 2019 and 2018, the Company had 234,756 and 40,921 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive.