Earnings Per Common Share

3 Months Ended

Jul. 31, 2019

Earnings Per Common Share

Earnings Per Common Share

15. 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, 2019 and 2018:

	Three Months Ended
	July 31,
	2019		2018
	(in thousands, except per share data)
Net income	$	24,820	$	8,650
Less: Net income allocated to participating securities		319		156
Net income attributable to common stockholders	$	24,501	$	8,494
Basic earnings per common share:
Basic weighted average common shares outstanding		41,001		41,094
Basic earnings per common share	$	0.60	$	0.21
Diluted earnings per common share:
Basic weighted average common shares outstanding		41,001		41,094
Add: Common Stock Equivalents		614		980
Diluted weighted average common shares outstanding		41,615		42,074
Diluted earnings per common share	$	0.59	$	0.20