Earnings Per Common Share

9 Months Ended

Jan. 31, 2023

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


	Three Months Ended January 31,				Nine Months Ended January 31,
	2023		2022		2023		2022
	(in thousands, except per share data)
Net income	$	64,775	$	61,383	$	257,398	$	196,946
Basic earnings per common share:
Basic weighted average common shares outstanding	41,578		43,094		42,119		43,106
Basic earnings per common share	$	1.56	$	1.42	$	6.11	$	4.57
Diluted earnings per common share:
Basic weighted average common shares outstanding	41,578		43,094		42,119		43,106
Add: Common Stock Equivalents	654		851		693		831
Diluted weighted average common shares outstanding	42,232		43,945		42,812		43,937
Diluted earnings per common share	$	1.53	$	1.40	$	6.01	$	4.48

During the three and nine months ended January 31, 2023 and 2022, 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.