Earnings Per Common Share

6 Months Ended

Jan. 31, 2014

Earnings Per Common Share

5. Earnings Per Common Share

	Three Months Ended January 31,				Six Months Ended January 31,
	2014		2013		2014		2013
Weighted average common shares outstanding for basic earnings per share		53,289,626		53,002,106		53,247,315		52,965,286
Stock options and unvested restricted stock and restricted stock units		63,401		114,283		78,936		110,699
Weighted average common shares outstanding for diluted earnings per share		53,353,027		53,116,389		53,326,251		53,075,985

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, 2014 and 2013, the Company had 12,064 and 13,506, respectively, of antidilutive stock options and unvested restricted stock and restricted stock units outstanding which were excluded from this calculation.