Computation of Earnings Per Common Share

9 Months Ended

Apr. 26, 2014

Earnings Per Share [Abstract]

Computation of Earnings Per Common Share

Computation of Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

	For the Three Months Ended				For the Nine Months Ended
	April 26, 2014		April 27, 2013		April 26, 2014		April 27, 2013
	(Dollars in thousands, except per share amounts)
Net income available to common stockholders (numerator)	$	7,895	$	7,199	$	23,488	$	20,522
Weighted-average number of common shares (denominator)	33,860,832		33,033,740		33,707,957		32,968,897
Basic earnings per common share	$	0.23	$	0.22	$	0.70	$	0.62
Weighted-average number of common shares	33,860,832		33,033,740		33,707,957		32,968,897
Potential common stock arising from stock options, and unvested restricted share units	902,203		808,410		1,059,443		716,077
Total shares-diluted (denominator)	34,763,035		33,842,150		34,767,400		33,684,974
Diluted earnings per common share	$	0.23	$	0.21	$	0.68	$	0.61
Anti-dilutive weighted shares excluded from the calculation of earnings per share	576,257		1,309,752		570,859		1,338,523