Earnings Per Common Share

6 Months Ended

Oct. 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 and six months ended October 31, 2018 and 2017:

	Three Months Ended				Six Months Ended
	October 31,				October 31,
	2018		2017		2018		2017
	(in thousands, except per share data)
Net income	$	24,912	$	18,023	$	33,562	$	33,366
Less: Net income allocated to participating securities		665		—		751		—
Net income attributable to common stockholders	$	24,247	$	18,023	$	32,811	$	33,366
Basic earnings per common share:
Basic weighted average common shares outstanding		41,149		41,006		41,121		40,988
Basic earnings per common share	$	0.59	$	0.44	$	0.80	$	0.81
Diluted earnings per common share:
Basic weighted average common shares outstanding		41,149		41,006		41,121		40,988
Add: Common Stock Equivalents		769		1,140		875		1,149
Diluted weighted average common shares outstanding		41,918		42,146		41,996		42,137
Diluted earnings per common share	$	0.58	$	0.43	$	0.78	$	0.79