EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Oct. 31, 2019

Earnings Per Share [Abstract]

Reconciliation of earnings per share

The following table reconciles earnings (loss) per share for the three months ended October 31, 2019 and 2018:

	Three Months Ended October 31,
	2019			2018
	(In thousands, except per share data)
Net income (loss)	$	4,792		$	(7,365	)
Less: Preferred dividends on redeemable preferred stock	(536		)	(536		)
Net income (loss) attributable to common stockholders	4,256			(7,901		)
Effect of dilutive securities:
7.50% Convertible Senior Note	592			—
Redeemable preferred stock	536			—
Net income (loss) attributable to common stockholders after assumed conversions	$	5,384		$	(7,901	)
Weighted average common shares outstanding	61,401			60,712
Weighted average common equivalent shares arising from dilutive stock options, restricted stock, convertible note and convertible preferred stock	24,605			—
Weighted average number of common and potential common shares	86,006			60,712
Basic earnings (loss) per share attributable to common stockholders	$	0.07		$	(0.13	)
Diluted net earnings (loss) per share attributable to common stockholders	$	0.06		$	(0.13	)