Earnings Per Common Share
 9 Months Ended
Apr. 30, 2012
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
4. Earnings Per Common Share

 

     Three Months Ended
April 30,		      Nine Months Ended
April 30,		  
     2012      2011      2012      2011  

Weighted average common shares outstanding for basic earnings per share

      52,879,877         55,829,122         54,162,411         55,079,700   

Stock options

      90,480         112,267         50,252         105,481   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding for diluted earnings per share

      52,970,357         55,941,389         54,212,663         55,185,181   
  

 

 

     

 

 

     

 

 

     

 

 

  

The Company excludes stock options that have an antidilutive effect from its calculation of weighted average shares outstanding assuming dilution. At April 30, 2012 and 2011, the Company had 400,000 and 886,000 respectively, of antidilutive stock options outstanding, which were excluded from this calculation.