Earnings Per Common Share

12 Months Ended

Apr. 30, 2024

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


	Year Ended April 30,
	2024		2023		2022
	(in thousands, except per share data)
Net income	$	276,079	$	332,991	$	273,442
Basic earnings per common share:
Basic weighted average common shares outstanding	40,229		41,904		43,075
Basic earnings per common share	$	6.86	$	7.95	$	6.35
Diluted earnings per common share:
Basic weighted average common shares outstanding	40,229		41,904		43,075
Add: Common Stock Equivalents	677		688		823
Diluted weighted average common shares outstanding	40,906		42,592		43,898
Diluted earnings per common share	$	6.75	$	7.82	$	6.23

During the years ended April 30, 2024 and 2023, approximately 0.2 million and 0.4 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.