Basic and diluted net income per share are calculated as follows:
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
|
April 30, |
|
|
April 30, |
|
|
(in millions, except per share data and share data in thousands) |
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
|
|
Net (loss) income |
|
$ |
(59.7 |
) |
|
$ |
5.0 |
|
|
$ |
(49.6 |
) |
|
$ |
3.4 |
|
|
Weighted average number of common shares
outstanding-basic |
|
|
12,486 |
|
|
|
12,392 |
|
|
|
12,457 |
|
|
|
12,412 |
|
|
Effect of dilutive securities: |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Stock options and restricted stock units |
|
|
- |
|
|
|
161 |
|
|
|
- |
|
|
|
211 |
|
|
Weighted average number of common shares
outstanding-diluted |
|
|
12,486 |
|
|
|
12,553 |
|
|
|
12,457 |
|
|
|
12,623 |
|
|
Basic net (loss) income per share |
|
$ |
(4.78 |
) |
|
$ |
0.40 |
|
|
$ |
(3.98 |
) |
|
$ |
0.27 |
|
|
Diluted net (loss) income per share |
|
$ |
(4.78 |
) |
|
$ |
0.40 |
|
|
$ |
(3.98 |
) |
|
$ |
0.27 |
|
|
Anti-dilutive shares related to outstanding stock options
and unvested restricted stock (A) |
|
|
242 |
|
|
|
87 |
|
|
|
228 |
|
|
|
5 |
|
|
(A) |
These shares related to outstanding stock options and unvested restricted stock were not included in our calculations of diluted earnings per share, as the effect of including them would be anti-dilutive. |
|