Earnings Per Common Share

3 Months Ended

Jul. 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 months ended July 31, 2020 and 2019:

	Three Months Ended
	July 31,
	2020		2019
	(in thousands, except per share data)
Net income	$	27,219	$	24,820
Less: Net income allocated to participating securities		—		319
Net income attributable to common stockholders	$	27,219	$	24,501
Basic earnings per common share:
Basic weighted average common shares outstanding		42,624		41,001
Basic earnings per common share	$	0.64	$	0.60
Diluted earnings per common share:
Basic weighted average common shares outstanding		42,624		41,001
Add: Common Stock Equivalents		393		614
Diluted weighted average common shares outstanding		43,017		41,615
Diluted earnings per common share	$	0.63	$	0.59