Earnings Per Common Share

3 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

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

	Three Months Ended July 31,
	2021		2020
Net income	$	61,202	$	27,219
Basic earnings per common share:
Basic weighted average common shares outstanding	43,089		42,624
Basic earnings per common share	$	1.42	$	0.64
Diluted earnings per common share:
Basic weighted average common shares outstanding	43,089		42,624
Add: Common Stock Equivalents	883		393
Diluted weighted average common shares outstanding	43,972		43,017
Diluted earnings per common share	$	1.39	$	0.63

During the three months ended July 31, 2021, no Common Stock Equivalents 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.