Earnings Per Common Share

9 Months Ended

Apr. 30, 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 April 30,				Nine Months Ended April 30,
	2017		2016		2017		2016
Weighted-average common shares outstanding for basic earnings per common share		52,582,134		52,474,801		52,555,792		52,453,025
Unvested restricted stock and restricted stock units		190,972		126,872		183,924		116,269

Weighted-average common shares outstanding for diluted earnings per common share		52,773,106		52,601,673		52,739,716		52,569,294

At April 30, 2017 and 2016, the Company had 57,253 and 43,782, respectively, of unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.