The shares outstanding are updated quarterly and Onex may repurchase shares in the market so there may be changes in shares outstanding from quarter to quarter.
| ||2016 ||2015 |
Outstanding at July 31
|103,125,445 ||106,122,524 |
|Fully diluted at July 31(1) ||115,613,828 ||118,364,150 |
(1) Fully diluted shares outstanding includes all options outstanding, without consideration of whether the outstanding options have met the minimum 25% price appreciation threshold.