| Schedule of numerators and denominators used in basic and diluted EPS calculations |
The following table reconciles the numerators and denominators used in the basic and diluted EPS calculations: | | | | | | | | | | | | | | | | | Three months ended April 30, | | Nine months ended April 30, | | | 2017 | | 2016 | | 2017 | | 2016 | Numerator: | | | | | | | | | Net income (loss) for basic calculation | | $ | 4,417,000 |
| | (14,355,000 | ) | | 8,513,000 |
| | (10,440,000 | ) | Numerator for diluted calculation | | $ | 4,417,000 |
| | (14,355,000 | ) | | 8,513,000 |
| | (10,440,000 | ) | | | | | | | | | | Denominator: | | | | | | | | | Denominator for basic calculation | | 23,449,000 |
| | 16,195,000 |
| | 23,420,000 |
| | 16,184,000 |
| Effect of dilutive securities: | | | | |
| | | | | Stock-based awards | | 54,000 |
| | — |
| | 29,000 |
| | — |
| Denominator for diluted calculation | | 23,503,000 |
| | 16,195,000 |
| | 23,449,000 |
| | 16,184,000 |
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