Earnings Per Share (Tables)

9 Months Ended

Apr. 30, 2016

Reconciliation of Earnings Per Share

The Company calculates earnings per share in accordance with ASC Topic 260, “Earnings per Share.” The following table reconciles earnings per share for the three and nine months ended April 30, 2016 and 2015:

	Three Months Ended April 30,						Nine Months Ended April 30,
	2016			2015			2016			2015
	(In thousands, except per share data)
Net loss	$	(12,849	)	$	(12,106	)	$	(41,570	)	$	(13,440	)
Weighted average common shares outstanding		52,200			51,750			51,867			51,917
Weighted average common equivalent shares arising from dilutive stock options and restricted stock		—			—			—			—
Weighted average number of common and potential common shares		52,200			51,750			51,867			51,917
Basic net loss per share	$	(0.25	)	$	(0.23	)	$	(0.80	)	$	(0.26	)
Diluted net loss per share	$	(0.25	)	$	(0.23	)	$	(0.80	)	$	(0.26	)