Earnings Per Common Share

3 Months Ended

Oct. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table reflects the weighted-average common shares used to compute basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income:

	Three Months Ended October 31,
	2019	2018
Weighted-average shares outstanding for basic earnings per share	55,095,074	52,726,496
Unvested restricted stock units	129,581	173,107
Weighted-average shares outstanding assuming dilution	55,224,655	52,899,603

At October 31, 2019 and 2018, the Company had 266,699 and 152,279 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive.