Earnings (Loss) Per Common Share

9 Months Ended

Jan. 31, 2025

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


	Three Months Ended January 31,				Nine Months Ended January 31,
	2025		2024		2025		2024
	(in thousands, except per share data)
Net income (loss)	$	(21,409)	$	51,905	$	89,375	$	219,692
Basic earnings (loss) per common share:
Basic weighted average common shares outstanding	38,708		39,864		39,125		40,360
Basic earnings (loss) per common share	$	(0.55)	$	1.30	$	2.28	$	5.44
Diluted earnings (loss) per common share:
Basic weighted average common shares outstanding	38,708		39,864		39,125		40,360
Add: Common Stock Equivalents	—		648		602		666
Diluted weighted average common shares outstanding	38,708		40,512		39,727		41,026
Diluted earnings (loss) per common share	$	(0.55)	$	1.28	$	2.25	$	5.35

For the three months ended January 31, 2025, 0.5 million Common Stock Equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. During the nine months ended January 31, 2025 and the three and nine months ended and January 31, 2024, 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.