Basic And Diluted Net Income Per Share

6 Months Ended

Jan. 31, 2012

Basic And Diluted Net Income Per Share [Abstract]

Basic And Diluted Net Income Per Share

2. Basic and Diluted Net Income per Share

Basic net income per common share is computed by dividing net income by the basic weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period and reflects the potential dilution that could occur if all of the Company's outstanding stock options that are in the money were exercised (calculated using the treasury stock method).

The following table is a reconciliation of basic and diluted net income per common share for the periods indicated (in thousands, except per share data):

		(Unaudited)						(Unaudited)
		Three months ended January 31						Six months ended January 31
		2012			2011			2012			2011
Net income	$	61		$	123		$	333		$	222
Weighted-average common shares outstanding		8,006			7,842			7,966			7,809
Effect of dilutive stock options		50			13			50			13
Diluted weighted-average common shares outstanding		8,056			7,855			8,016			7,822
Weighted-average earnings per share	$	0.01		$	0.02		$	0.04		$	0.03
Effect of dilutive stock options		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Diluted weighted-average earnings per share	$	0.01		$	0.02		$	0.04		$	0.03
Options that could potentially dilute net income per share in
the future that are not included in the computation of
diluted net income per share, as their impact is anti-dilutive		823			1,330			823			1,330