Earnings Per Common Share

3 Months Ended

Oct. 31, 2014

Earnings Per Common Share

5. Earnings Per Common Share

	Three Months Ended October 31,
	2014		2013
Weighted average common shares outstanding for basic earnings per share		53,336,592		53,205,004
Stock options, unvested restricted stock and restricted stock units		96,855		94,472
Weighted average common shares outstanding for diluted earnings per share		53,433,447		53,299,476

The Company excludes stock options, unvested restricted stock and restricted stock units that have an antidilutive effect from its calculation of weighted average shares outstanding assuming dilution. At October 31, 2014 and 2013, the Company had 39,523 and 106,959, respectively, of stock options, unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.