Net Income Per Share

12 Months Ended

Jul. 31, 2025

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The table below reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:

	Year Ended July 31,
(In thousands)	2025	2024	2023
Weighted average common shares outstanding	965,306	960,739	953,574
Effect of dilutive securities	12,257	14,059	13,073
Weighted average common and dilutive potential common shares outstanding	977,563	974,798	966,647

There were no material adjustments to net income required in calculating diluted net income per share. Excluded from the dilutive net income per share calculation were 4,523,264; 2,612,116; and 8,333,268 options to purchase the Company’s common stock and restrictive stock for the years ended July 31, 2025, 2024 and 2023, respectively, because their inclusion would have been anti-dilutive.