Earnings Per Common Share

9 Months Ended

Apr. 30, 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 April 30,				Nine Months Ended April 30,
	2018		2017		2018		2017
Weighted-average shares outstanding for basic earnings per share		52,695,365		52,582,134		52,667,016		52,555,792
Unvested restricted stock and restricted stock units		158,176		190,972		177,024		183,924

Weighted-average shares outstanding assuming dilution		52,853,541		52,773,106		52,844,040		52,739,716

At April 30, 2017, the Company had 57,253 unvested restricted stock and restricted stock units outstanding which were excluded from this calculation as their effect would be antidilutive. There were no unvested restricted stock or restricted stock units that were antidilutive at April 30, 2018.