Net Income Per Share

3 Months Ended

Oct. 31, 2011

Earnings Per Share [Abstract]

Net Income Per Share

NOTE 4 - Net Income Per Share

There were no adjustments to net income in calculating diluted net income per share. The table below reconciles basic weighted shares outstanding to diluted weighted average shares outstanding (in thousands):

	Three Months Ended October 31,
	2011	2010
Basic weighted average shares outstanding	65,716	83,745
Effect of dilutive securities - stock options	1,185	661
Diluted weighted average shares outstanding	66,901	84,406

Excluded from the dilutive earnings per share calculation were 1,111,429 and 6,348,967 stock options for the three months ended October 31, 2011 and 2010, respectively, because their effect would have been anti-dilutive.