Earnings Per Common Share

3 Months Ended

Jul. 31, 2022

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,
	2022		2021
	(in thousands, except per share data)
Net income	$	89,470	$	61,202
Basic earnings per common share:
Basic weighted average common shares outstanding	42,549		43,089
Basic earnings per common share	$	2.10	$	1.42
Diluted earnings per common share:
Basic weighted average common shares outstanding	42,549		43,089
Add: Common Stock Equivalents	768		883
Diluted weighted average common shares outstanding	43,317		43,972
Diluted earnings per common share	$	2.07	$	1.39

During the three months ended July 31, 2022 and 2021, the number of Common Stock Equivalents excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive was not material. Anti-dilutive securities could be dilutive in future periods.