Earnings Per Common Share

9 Months Ended

Jan. 31, 2020

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 and nine months ended January 31, 2020 and 2019:

	Three Months Ended				Nine Months Ended
	January 31,				January 31,
	2020		2019		2020		2019
	(in thousands, except per share data)
Net income	$	10,879	$	5,815	$	64,837	$	39,377
Less: Net income allocated to participating securities		-		156		273		940
Net income attributable to common stockholders	$	10,879	$	5,659	$	64,564	$	38,437
Basic earnings per common share:
Basic weighted average common shares outstanding		42,223		40,912		41,663		41,053
Basic earnings per common share	$	0.26	$	0.14	$	1.55	$	0.94
Diluted earnings per common share:
Basic weighted average common shares outstanding		42,223		40,912		41,663		41,053
Add: Common Stock Equivalents		726		459		738		736
Diluted weighted average common shares outstanding		42,949		41,371		42,401		41,789
Diluted earnings per common share	$	0.25	$	0.14	$	1.52	$	0.92