Earnings Per Common Share

6 Months Ended

Oct. 31, 2023

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


	Three Months Ended October 31,				Six Months Ended October 31,
	2023		2022		2023		2022
	(in thousands, except per share data)
Net income	$	80,957	$	103,153	$	167,787	$	192,623
Basic earnings per common share:
Basic weighted average common shares outstanding	40,466		42,232		40,608		42,390
Basic earnings per common share	$	2.00	$	2.44	$	4.13	$	4.54
Diluted earnings per common share:
Basic weighted average common shares outstanding	40,466		42,232		40,608		42,390
Add: Common Stock Equivalents	622		655		674		712
Diluted weighted average common shares outstanding	41,088		42,887		41,282		43,102
Diluted earnings per common share	$	1.97	$	2.41	$	4.06	$	4.47

During the three and six months ended October 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.