The following table reconciles earnings per share for the three and six months ended January 31, 2018 and 2017:


	Three Months Ended January 31,						Six Months Ended January 31,
	2018			2017			2018			2017
	(In thousands, except per share data)
Net income (loss)	$	65,089		$	(2,906	)	$	59,852		$	(11,449	)
Less: Preferred dividends on redeemable preferred stock		(259	)		—			(259	)		—

Net income (loss) attributable to common stockholders	$	64,830		$	(2,906	)	$	59,593		$	(11,449	)

Effect of dilutive securities:
5.25% Convertible Senior Notes		1,748			—			3,459			—
Redeemable preferred stock		259			—			259			—

Net income (loss) attributable to common stockholders after assumed conversions	$	66,837		$	(2,906	)	$	63,311		$	(11,449	)

Weighted average common shares outstanding		58,341			55,083			56,776			55,031
Weighted average common equivalent shares arising from dilutive stock options, restricted stock, convertible notes and convertible preferred stock		20,742			—			16,107			—

Weighted average number of common and potential common shares		79,083			55,083			72,883			55,031

Basic net earning (loss) per share attributable to common stockholders:	$	1.11		$	(0.05	)	$	1.05		$	(0.21	)
Diluted net earning (loss) per share attributable to common stockholders:	$	0.85		$	(0.05	)	$	0.87		$	(0.21	)