Earnings Per Common Share

12 Months Ended

Apr. 30, 2023

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


	Year Ended April 30,
	2023		2022		2021
	(in thousands, except per share data)
Net income	$	332,991	$	273,442	$	105,560
Basic earnings per common share:
Basic weighted average common shares outstanding	41,904		43,075		42,765
Basic earnings per common share	$	7.95	$	6.35	$	2.47
Diluted earnings per common share:
Basic weighted average common shares outstanding	41,904		43,075		42,765
Add: Common Stock Equivalents	688		823		578
Diluted weighted average common shares outstanding	42,592		43,898		43,343
Diluted earnings per common share	$	7.82	$	6.23	$	2.44

During the years ended April 30, 2023 and 2021, approximately 0.4 million and 0.3 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.