Earnings Per Common Share

6 Months Ended

Jan. 31, 2018

4.	Earnings Per Common Share

The following table reflects the weighted-average common shares used to compute 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,
	2018		2017		2018		2017
Weighted-average shares outstanding for basic earnings per share		52,694,680		52,582,134		52,653,303		52,543,050
Unvested restricted stock and restricted stock units		166,460		158,825		186,449		180,400

Weighted-average shares outstanding assuming dilution		52,861,140		52,740,959		52,839,752		52,723,450

At January 31, 2018 and 2017, the Company had 35,149 and 27,742, respectively, of unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive.