Net Income Per Share

12 Months Ended

Jul. 31, 2011

Earnings Per Share [Abstract]

Net Income Per Share

(13) Net Income Per Share

The table below reconciles weighted average shares outstanding to weighted average shares and dilutive potential share outstanding (in thousands):

	Years Ended July 31,
	2011		2010		2009
Weighted average common shares outstanding		75,649		84,165		83,537
Effect of dilutive securities-stock options		1,027		862		1,393
Diluted weighted average common shares outstanding		76,676		85,027		84,930

 

There were no adjustments to net income required in calculating diluted net income per share. Excluded from the dilutive earnings per share calculation were 2,553,989, 5,892,641 and 1,225,000 options to purchase our common stock that were outstanding at July 31, 2011, 2010 and 2009, respectively, because their effect would have been anti-dilutive.