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Earnings Per Common Share
 3 Months Ended
Jul. 31, 2017
Earnings Per Common Share  
Earnings Per Common Share

11. 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, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

July 31, 

 

 

    

2017

 

2016

    

Net income

 

$

15,343

    

$

9,163

 

Basic earnings per common share:

 

 

  

 

 

 

 

Basic weighted average shares outstanding per common share

 

 

40,970,905

 

 

38,200,597

 

Basic earnings per common share

 

$

0.37

 

$

0.24

 

Diluted earnings per common share:

 

 

  

 

 

  

 

Basic weighted average shares outstanding per common share

 

 

40,970,905

 

 

38,200,597

 

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

 

 

1,156,866

 

 

401,781

 

Diluted weighted average shares outstanding per common share

 

 

42,127,771

 

 

38,602,378

 

Diluted earnings per common share

 

$

0.36

 

$

0.24