Earnings (Loss) Per Common Share

12 Months Ended

Apr. 30, 2017

17. Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for fiscal 2017, 2016, and 2015:

	Year Ended April 30,
	2017		2016		2015
Net income (loss)	$	48,886	$	12,564	$	(11,697	)


Basic earnings (loss) per common share:
Basic weighted average shares outstanding per common share		40,260,405		32,799,098		32,450,401

Basic earnings (loss) per common share	$	1.21	$	0.38	$	(0.36	)


Diluted earnings (loss) per common share:
Basic weighted average shares outstanding per common share		40,260,405		32,799,098		32,450,401
Add: Shares of common stock assumed issued upon exercise of stock options		809,620		326,144		—

Diluted weighted average shares outstanding per common share		41,070,025		33,125,242		32,450,401


Diluted earnings (loss) per common share	$	1.19	$	0.38	$	(0.36	)

Diluted earnings per shares for the year ended April 30, 2015 excludes 10,417 shares as these shares would have been antidilutive due to the Company's net loss for the year.