Earnings Per Common Share

3 Months Ended

Jul. 31, 2025

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


	Three Months Ended July 31,
	2025		2024
	(in thousands, except per share data)
Net income	$	43,560	$	57,248
Basic earnings per common share:
Basic weighted average common shares outstanding	38,064		39,542
Basic earnings per common share	$	1.14	$	1.45
Diluted earnings per common share:
Basic weighted average common shares outstanding	38,064		39,542
Add: Common Stock Equivalents	565		684
Diluted weighted average common shares outstanding	38,629		40,226
Diluted earnings per common share	$	1.13	$	1.42

For the three months ended July 31, 2025, 0.1 million Common Stock Equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. During the three months ended and July 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.