Earnings Per Common Share

3 Months Ended

Jul. 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 July 31,
	2024		2023
	(in thousands, except per share data)
Net income	$	57,248	$	86,830
Basic earnings per common share:
Basic weighted average common shares outstanding	39,542		40,749
Basic earnings per common share	$	1.45	$	2.13
Diluted earnings per common share:
Basic weighted average common shares outstanding	39,542		40,749
Add: Common Stock Equivalents	684		728
Diluted weighted average common shares outstanding	40,226		41,477
Diluted earnings per common share	$	1.42	$	2.09

During the three months ended July 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.