Earnings Per Common Share

3 Months Ended

Jul. 31, 2023

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,
	2023		2022
	(in thousands, except per share data)
Net income	$	86,830	$	89,470
Basic earnings per common share:
Basic weighted average common shares outstanding	40,749		42,549
Basic earnings per common share	$	2.13	$	2.10
Diluted earnings per common share:
Basic weighted average common shares outstanding	40,749		42,549
Add: Common Stock Equivalents	728		768
Diluted weighted average common shares outstanding	41,477		43,317
Diluted earnings per common share	$	2.09	$	2.07

During the three months ended July 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.