Earnings Per Share

3 Months Ended

Jul. 31, 2022

Basic earnings per share is based on the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the assumed exercise of outstanding options and the conversion of restricted stock units ("RSUs") under the Company's various stock compensation plans, except when RSUs and options have an antidilutive effect. There were 104,141 and 128,701 antidilutive RSUs and options outstanding at July 31, 2022 and July 31, 2021, respectively. The following is a reconciliation of basic to diluted weighted average common shares outstanding (in thousands):


	Three Months Ended
	July 31, 2022	July 31, 2021
Basic	2,807	2,777
Dilutive effect of stock options and RSUs	—	—
Weighted average common shares outstanding - diluted	2,807	2,777