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Earnings Per Common Share
 3 Months Ended
Jul. 31, 2018
Earnings Per Common Share  
Earnings Per Common Share

14. 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, 2018 and 2017:

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

July 31, 

 

    

2018

 

2017

 

 

(in thousands, except per share data)

Net income

 

$

8,650

 

$

15,343

Less: Net income allocated to participating securities

 

 

156

 

 

 —

Net income attributable to common stockholders

 

$

8,494

    

$

15,343

Basic earnings per common share:

 

 

  

 

 

 

Basic weighted average common shares outstanding

 

 

41,094

 

 

40,971

Basic earnings per common share

 

$

0.21

 

$

0.37

Diluted earnings per common share:

 

 

  

 

 

  

Basic weighted average common shares outstanding

 

 

41,094

 

 

40,971

Add: Common Stock Equivalents

 

 

980

 

 

1,157

Diluted weighted average common shares outstanding

 

 

42,074

 

 

42,128

Diluted earnings per common share

 

$

0.20

 

$

0.36