Earnings Per Common Share

6 Months Ended

Jan. 31, 2013

Earnings Per Common Share

2. Earnings Per Common Share

	Three Months Ended January 31,				Six Months Ended January 31,
	2013		2012		2013		2012
Weighted average common shares outstanding for basic earnings per share		53,002,106		54,587,293		52,965,286		54,789,738
Stock options and unvested restricted stock and restricted stock units		114,283		38,454		110,699		30,139
Weighted average common shares outstanding for diluted earnings per share		53,116,389		54,625,747		53,075,985		54,819,877

The Company excludes stock options and unvested restricted stock and restricted stock units that have an antidilutive effect from its calculation of weighted average shares outstanding assuming dilution. At January 31, 2013 and 2012, the Company had 13,506 and 666,388, respectively, of antidilutive stock options and unvested restricted stock units outstanding which were excluded from this calculation.