Net Income Per Share

9 Months Ended

Apr. 30, 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 April 30,				Nine Months Ended April 30,
(In thousands)	2026		2025		2026		2025
Weighted average common shares outstanding		936,293		966,234		957,280		964,702
Effect of dilutive securities		6,477		11,855		7,935		12,783
Weighted average common and dilutive potential common shares outstanding		942,770		978,089		965,215		977,485

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 3,461,086 and 1,125,915 options to purchase the Company’s common stock and restricted stock for the three months ended April 30, 2026 and 2025, respectively, and 8,203,775 and 3,366,467 options to purchase the Company’s common stock and restricted stock for the nine months ended April 30, 2026 and 2025, respectively, because their inclusion would have been anti-dilutive.