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Computation of Earnings Per Common Share
 6 Months Ended
Jan. 24, 2015
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 (loss) per common share:
 
For the Three Months Ended
 
For the Six Months Ended
 
January 24, 2015
 
January 25, 2014
 
January 24, 2015
 
January 25, 2014
 
(Dollars in thousands, except per share amounts)
Net income (loss) available to common stockholders (numerator)
$
9,432

 
$
(3,067
)
 
$
30,239

 
$
15,593

 
 
 
 
 
 
 
 
Weighted-average number of common shares (denominator)
34,125,829

 
33,836,099

 
34,067,983

 
33,629,884

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share
$
0.28

 
$
(0.09
)
 
$
0.89

 
$
0.46

 
 
 
 
 
 
 
 
Weighted-average number of common shares
34,125,829

 
33,836,099

 
34,067,983

 
33,629,884

Potential common stock arising from stock options, and unvested restricted share units
1,001,569

 
—

 
1,054,547

 
1,138,061

Total shares-diluted (denominator)
35,127,398

 
33,836,099

 
35,122,530

 
34,767,945

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share
$
0.27

 
$
(0.09
)
 
$
0.86

 
$
0.45

 
 
 
 
 
 
 
 
Anti-dilutive weighted shares excluded from the calculation of earnings (loss) per common share
283,380

 
3,440,300

 
445,254

 
753,914



For the three months ended January 25, 2014, all common stock equivalents related to stock options and unvested restricted shares and restricted share units were excluded from the diluted loss per share calculation as their effect would be anti-dilutive due to the Company's net loss for the period.