Earnings Per Common Share

12 Months Ended

Apr. 30, 2022

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


	Year Ended April 30,
	2022		2021		2020
	(in thousands, except per share data)
Net income	$	273,442	$	105,560	$	23,381
Less: Net income allocated to participating securities	—		—		74
Net income attributable to common stockholders	$	273,442	$	105,560	$	23,307
Basic earnings per common share:
Basic weighted average common shares outstanding	43,075		42,765		41,853
Basic earnings per common share	$	6.35	$	2.47	$	0.56
Diluted earnings per common share:
Basic weighted average common shares outstanding	43,075		42,765		41,853
Add: Common Stock Equivalents	823		578		651
Diluted weighted average common shares outstanding	43,898		43,343		42,504
Diluted earnings per common share	$	6.23	$	2.44	$	0.55

During the years ended April 30, 2021 and 2020, approximately 0.3 million and 0.8 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. During the year ended April 30, 2022, the number of Common Stock Equivalents excluded from the calculation of diluted earnings per share was not material. Anti-dilutive securities could be dilutive in future periods.