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Earnings (Loss) Per Common Share
 3 Months Ended
Jul. 31, 2016
Earnings (Loss) Per Common Share  
Earnings (Loss) Per Common Share

12. Earnings Per Common Share

 

The following table sets forth the computation of basic and diluted earnings per share of common stock for the three months ended July 31, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

July 31, 

 

 

    

 

2016

 

2015

    

Net income

 

$
9,163

    

$
3,011

 

Basic earnings per common share:

 

 

  

 

 

 

 

Basic weighted average shares outstanding per common share

 

 
38,200,597

 

 
32,677,418

 

Basic earnings per common share

 

$
0.24

 

$
0.09

 

Diluted earnings per common share:

 

 

  

 

 

  

 

Basic weighted average shares outstanding per common share

 

 
38,200,597

 

 
32,677,418

 

Add: Shares of common stock assumed issued upon exercise of stock options

 

 
401,781

 

 
153,259

 

Diluted weighted average shares outstanding per common share

 

 
38,602,378

 

 
32,830,677

 

Diluted earnings per common share

 

$
0.24

 

$
0.09