Net Income Per Share

6 Months Ended

Jan. 31, 2026

NOTE 4 – Net Income Per Share

The table below reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:


	Three Months Ended January 31,				Six Months Ended January 31,
(In thousands)	2026		2025		2026		2025
Weighted average common shares outstanding		967,212		964,746		967,431		963,961
Effect of dilutive securities		7,877		13,164		8,664		13,247
Weighted average common and dilutive potential common shares outstanding		975,089		977,910		976,095		977,208

There were no material adjustments to net income required in calculating diluted net income per share. Excluded from the dilutive net income per share calculation were 2,664,176 and 1,131,328 options to purchase the Company’s common stock and restricted stock for the three months ended January 31, 2026 and 2025, respectively, and 4,742,689 and 2,158,733 options to purchase the Company’s common stock and restricted stock for the six months ended January 31, 2026 and 2025, respectively, because their inclusion would have been anti-dilutive.