Earnings Per Common Share

9 Months Ended

Apr. 30, 2016

Earnings Per Common Share

5. Earnings Per Common Share

	Three Months Ended April 30,				Nine Months Ended April 30,
	2016		2015		2016		2015
Weighted-average common shares outstanding for basic earnings per share		52,474,801		53,380,651		52,453,025		53,363,872
Unvested restricted stock and restricted stock units		126,872		114,848		116,269		97,598
Weighted-average common shares outstanding for diluted earnings per share		52,601,673		53,495,499		52,569,294		53,461,470

At April 30, 2016 and 2015, the Company had 43,782 and 25,290, respectively, of unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.