Earnings Per Common Share

12 Months Ended

Apr. 30, 2020

Earnings Per Common Share

Earnings Per Common Share

19. 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, 2020, 2019 and 2018:

	Year Ended April 30,
	2020		2019		2018
	(in thousands, except per share data)
Net income	$	23,381	$	56,002	$	62,971
Less: Net income allocated to participating securities		74		1,382		—
Net income attributable to common stockholders	$	23,307	$	54,620	$	62,971
Basic earnings per common share:
Basic weighted average common shares outstanding		41,853		40,914		41,015
Basic earnings per common share	$	0.56	$	1.33	$	1.54
Diluted earnings per common share:
Basic weighted average common shares outstanding		41,853		40,914		41,015
Add: Common Stock Equivalents		651		675		1,148
Diluted weighted average common shares outstanding		42,504		41,589		42,163
Diluted earnings per common share	$	0.55	$	1.31	$	1.49

During the years ended April 30, 2020 and 2019, approximately 0.8 million and 0.6 million, respectively, 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.