Earnings Per Common Share

6 Months Ended

Oct. 31, 2021

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


	Three Months Ended October 31,				Six Months Ended October 31,
	2021		2020		2021		2020
	(in thousands, except per share data)
Net income	$	74,361	$	28,469	$	135,563	$	55,688
Basic earnings per common share:
Basic weighted average common shares outstanding	43,135		42,723		43,112		42,674
Basic earnings per common share	$	1.72	$	0.67	$	3.14	$	1.30
Diluted earnings per common share:
Basic weighted average common shares outstanding	43,135		42,723		43,112		42,674
Add: Common Stock Equivalents	759		451		821		422
Diluted weighted average common shares outstanding	43,894		43,174		43,933		43,096
Diluted earnings per common share	$	1.69	$	0.66	$	3.09	$	1.29

During the three and six months ended October 31, 2021, no Common Stock Equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. During the three and six months ended October 31, 2020, approximately 0.5 million and 0.4 million, respectively, 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.