EARNINGS PER SHARE

9 Months Ended

Apr. 28, 2012

EARNINGS PER SHARE

EARNINGS PER SHARE

5.           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 28, 2012	April 30, 2011	April 28, 2012	April 30, 2011
Basic weighted average shares outstanding	48,848	48,406	48,717	47,129
Net effect of dilutive stock awards based upon the treasury stock method	359	387	300	341
Diluted weighted average shares outstanding	49,207	48,793	49,017	47,470

There were 41,759 and 10,014 anti-dilutive share-based payment awards outstanding for the three months ended April 28, 2012 and April 30, 2011, respectively.  For the nine months ended April 28, 2012 and April 30, 2011, there were 217,096 and 131,211 anti-dilutive stock awards outstanding, respectively.  These anti-dilutive share-based payment awards were excluded from the calculation of diluted earnings per share.