EARNINGS PER SHARE (Tables)

6 Months Ended

Jan. 31, 2017

Reconciliation of Earnings Per Share

“Earnings per Share.” The following table reconciles earnings per share for the three and six months ended January 31, 2017 and 2016:

	Three Months Ended						Six Months Ended
	January 31,						January 31,
	2017			2016			2017			2016
	(In thousands, except per share data)
Net loss	$	(2,906	)	$	(13,948	)	$	(11,449	)	$	(28,721	)
Weighted average common shares outstanding		55,083			51,879			55,031			52,039
Weighted average common equivalent shares arising from dilutive stock options and restricted stock		—			—			—			—
Weighted average number of common and potential common shares		55,083			51,879			55,031			52,039
Basic and diluted net loss per share	$	(0.05	)	$	(0.27	)	$	(0.21	)	$	(0.55	)