EARNINGS PER SHARE

9 Months Ended

Apr. 30, 2011

EARNINGS PER SHARE

EARNINGS PER SHARE

3. EARNINGS PER SHARE

Following is a reconciliation of the basic and diluted number of shares used in computing earnings per share:

	Three months ended		Nine months ended
(In thousands)	April 30, 2011	May 1, 2010	April 30, 2011	May 1, 2010
Basic weighted average shares outstanding	48,406	43,245	47,129	43,085
Net effect of dilutive stock awards based upon the treasury stock method	387	291	341	243
Diluted weighted average shares outstanding	48,793	43,536	47,470	43,328

There were 10,014 and 427,325 anti-dilutive share-based payment awards outstanding for the three months ended April 30, 2011 and May 1, 2010, respectively.  For the nine months ended April 30, 2011 and May 1, 2010, there were 131,211 and 697,119 anti-dilutive share-based payment awards outstanding, respectively.  These anti-dilutive share-based payment awards were excluded from the calculation of diluted earnings per share.