Loss Per Share

3 Months Ended

Oct. 31, 2018

Loss Per Share [Abstract]

Loss Per Share

Note 11—Loss Per Share

Basic earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive.

The following shares were excluded from the diluted loss per share computations because their inclusion would have been anti-dilutive:

	Three Months Ended October 31,
	2018		2017
	(in thousands)
Stock options		1,243		1,273
Non-vested restricted Class B common stock		49		223
Shares excluded from the calculation of diluted earnings per share		1,292		1,496

The diluted loss per share equals basic loss per share in the three months ended October 31, 2018 and 2017 because the Company had a net loss and the impact of the assumed exercise of stock options and the vesting of restricted stock would have been anti-dilutive.