Earnings Per Common Share

12 Months Ended

Apr. 30, 2021

The following table sets forth the computation of basic and diluted earnings per share of common stock:


	Year Ended April 30,
	2021		2020		2019
	(in thousands, except per share data)
Net income	$	105,560	$	23,381	$	56,002
Less: Net income allocated to participating securities	—		74		1,382
Net income attributable to common stockholders	$	105,560	$	23,307	$	54,620
Basic earnings per common share:
Basic weighted average common shares outstanding	42,765		41,853		40,914
Basic earnings per common share	$	2.47	$	0.56	$	1.33
Diluted earnings per common share:
Basic weighted average common shares outstanding	42,765		41,853		40,914
Add: Common Stock Equivalents	578		651		675
Diluted weighted average common shares outstanding	43,343		42,504		41,589
Diluted earnings per common share	$	2.44	$	0.55	$	1.31

During the years ended April 30, 2021, 2020 and 2019, approximately 0.3 million, 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.