Earnings Per Common Share

9 Months Ended

Apr. 30, 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 April 30,		Nine Months Ended April 30,
	2020	2019	2020	2019
Weighted-average shares outstanding for basic earnings per share	55,198,756	55,063,473	55,163,943	53,515,491
Unvested restricted stock units	194,226	102,594	173,722	112,136
Weighted-average shares outstanding assuming dilution	55,392,982	55,166,067	55,337,665	53,627,627

For the three months ended April 30, 2020 and 2019, the Company had 140,481 and 127,548 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive. For the nine months ended April 30, 2020 and 2019, the Company had 189,090 and 199,020 unvested restricted stock units outstanding, respectively, which were excluded from this calculation as their effect would be antidilutive.