Earnings Per Common Share

9 Months Ended

Jan. 31, 2024

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 January 31,				Nine Months Ended January 31,
	2024		2023		2024		2023
	(in thousands, except per share data)
Net income	$	51,905	$	64,775	$	219,692	$	257,398
Basic earnings per common share:
Basic weighted average common shares outstanding	39,864		41,578		40,360		42,119
Basic earnings per common share	$	1.30	$	1.56	$	5.44	$	6.11
Diluted earnings per common share:
Basic weighted average common shares outstanding	39,864		41,578		40,360		42,119
Add: Common Stock Equivalents	648		654		666		693
Diluted weighted average common shares outstanding	40,512		42,232		41,026		42,812
Diluted earnings per common share	$	1.28	$	1.53	$	5.35	$	6.01

During the three and nine months ended January 31, 2024 and 2023, 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.