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Earnings Per Common Share
 6 Months Ended
Oct. 31, 2016
Earnings Per Common Share  
Earnings 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 and six months ended October 31, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

October 31, 

 

October 31, 

 

 

    

2016

 

2015

    

2016

 

2015

    

Net income

 

$
17,224

    

$
2,825

 

$
26,387

    

$
5,836

 

Basic earnings per common share:

 

 

  

 

 

 

 

 

  

 

 

 

 

Basic weighted average shares outstanding per common share

 

 
40,942,905

 

 
32,737,956

 

 
39,579,244

 

 
32,707,297

 

Basic earnings per common share

 

$
0.42

 

$
0.09

 

$
0.67

 

$
0.18

 

Diluted earnings per common share:

 

 

  

 

 

  

 

 

  

 

 

  

 

Basic weighted average shares outstanding per common share

 

 
40,942,905

 

 
32,737,956

 

 
39,579,244

 

 
32,707,297

 

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

 

 
376,746

 

 
160,119

 

 
376,746

 

 
208,574

 

Diluted weighted average shares outstanding per common share

 

 
41,319,651

 

 
32,898,075

 

 
39,955,990

 

 
32,915,871

 

Diluted earnings per common share

 

$
0.42

 

$
0.09

 

$
0.66

 

$
0.18