Earnings Per Common Share (Tables)

9 Months Ended

Jan. 31, 2019

Earnings Per Common Share

Schedule of computation of basic and diluted earnings per share of common stock

	Three Months Ended				Nine Months Ended
	January 31,				January 31,
	2019		2018		2019		2018
	(in thousands, except per share data)
Net income	$	5,815	$	19,686	$	39,377	$	53,052
Less: Net income allocated to participating securities		156		—		940		—
Net income attributable to common stockholders	$	5,659	$	19,686	$	38,437	$	53,052
Basic earnings per common share:
Basic weighted average common shares outstanding		40,912		41,036		41,053		41,004
Basic earnings per common share	$	0.14	$	0.48	$	0.94	$	1.29
Diluted earnings per common share:
Basic weighted average common shares outstanding		40,912		41,036		41,053		41,004
Add: Common Stock Equivalents		459		1,192		736		1,163
Diluted weighted average common shares outstanding		41,371		42,228		41,789		42,167
Diluted earnings per common share	$	0.14	$	0.47	$	0.92	$	1.26