Earnings Per Common Share

6 Months Ended

Jan. 31, 2020

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 January 31,		Six Months Ended January 31,
	2020	2019	2020	2019
Weighted-average shares outstanding for basic earnings per share	55,198,756	52,806,981	55,146,915	52,766,739
Unvested restricted stock units	197,360	60,706	163,470	116,906
Weighted-average shares outstanding assuming dilution	55,396,116	52,867,687	55,310,385	52,883,645

For the three months ended January 31, 2020 and 2019, the Company had 160,091 and 317,234 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For the six months ended January 31, 2020 and 2019, the Company had 213,395 and 234,756 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive.