Earnings per Share

3 Months Ended

Oct. 31, 2013

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table sets forth the computation of the Company’s basic and diluted earnings per share for the three months ended October 31, 2013 and 2012:

	Three Months Ended October 31,
	2013			2012
	(in thousands, except share and per share amounts)
Numerator:
Net income (loss)	$	(10,615	)	$	447
Earnings (loss) per share:
Basic	$	(0.18	)	$	0.01
Diluted	$	(0.18	)	$	0.01
Denominator:
Weighted average shares used in computing earnings (loss) per share:
Basic	58,649,353			54,814,044
Weighted average effect of diluted stock options	—			4,247,804
Weighted average effect of dilutive restricted stock units	—			2,123,422
Diluted	58,649,353			61,185,270

The following outstanding shares of common stock equivalents were excluded from the computation of diluted earnings per share for the periods presented because including them would have been antidilutive:

	Three Months Ended October 31,
	2013	2012
Stock options to purchase common stock	3,517,616	199,368
Restricted stock units	4,496,187	195,552