Earnings Per Common Share

6 Months Ended

Jan. 31, 2017

4.	Earnings Per Common Share

The following table reflects the weighted-average common shares used to compute the basic and diluted earnings per common share as included on the Condensed Consolidated Statements of Income and Comprehensive Income:


	Three Months Ended January 31,				Six Months Ended January 31,
	2017		2016		2017		2016
Weighted-average common shares outstanding for basic earnings per common share		52,582,134		52,474,801		52,543,050		52,442,373
Unvested restricted stock and restricted stock units		158,825		86,321		180,400		110,968

Weighted-average common shares outstanding for diluted earnings per common share		52,740,959		52,561,122		52,723,450		52,553,341

At January 31, 2017 and 2016, the Company had 27,742 and 30,716, respectively, of unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.