Earnings Per Common Share

12 Months Ended

Apr. 30, 2019

Earnings Per Common Share

Earnings Per Common Share

18. Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per share of common stock for the years ended April 30, 2019, 2018 and 2017:

	Year Ended April 30,
	2019		2018		2017
	(in thousands, except per share data)
Net income	$	56,002	$	62,971	$	48,886
Less: Net income allocated to participating securities		1,382		—		—
Net income attributable to common stockholders	$	54,620	$	62,971	$	48,886
Basic earnings per common share:
Basic weighted average common shares outstanding		40,914		41,015		40,260
Basic earnings per common share	$	1.33	$	1.54	$	1.21
Diluted earnings per common share:
Basic weighted average common shares outstanding		40,914		41,015		40,260
Add: Common Stock Equivalents		675		1,148		810
Diluted weighted average common shares outstanding		41,589		42,163		41,070
Diluted earnings per common share	$	1.31	$	1.49	$	1.19

During the year ended April 30, 2019, approximately 0.6 million stock options and restricted stock units were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. Anti-dilutive securities could be dilutive in future periods.