Earnings Per Common Share

9 Months Ended

Jan. 31, 2018

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 and nine months ended January 31, 2018 and 2017:

	Three Months Ended				Nine Months Ended
	January 31,				January 31,
	2018		2017		2018		2017
	(in thousands, except per share data)
Net income	$	19,686	$	8,227	$	53,052	$	34,614
Basic earnings per common share:
Basic weighted average common shares outstanding		41,036		40,943		41,004		40,035
Basic earnings per common share	$	0.48	$	0.20	$	1.29	$	0.86
Diluted earnings per common share:
Basic weighted average common shares outstanding		41,036		40,943		41,004		40,035
Add: Common Stock Equivalents		1,192		635		1,163		635
Diluted weighted average common shares outstanding		42,228		41,578		42,167		40,670
Diluted earnings per common share	$	0.47	$	0.20	$	1.26	$	0.85