Earnings Per Common Share (Tables)

3 Months Ended

Jul. 31, 2020

Earnings Per Share [Abstract]

Basic Earnings Per Common Share

The following tables set forth the computation of basic earnings per common share and diluted earnings per common share (in thousands except for per share amounts):

Basic earnings per common share:

	Three Months Ended July 31, 2020				Three Months Ended July 31, 2019
	Class A Common Shares		Class B Common Shares		Class A Common Shares		Class B Common Shares
Distributed earnings	$	0.11	$	0.11	$	0.11	$	0.11
Undistributed losses	(0.05)		(0.05)		(0.07)		(0.07)
Total	$	0.06	$	0.06	$	0.04	$	0.04
Distributed earnings	$	3,370	$	201	$	3,245	$	206
Undistributed losses	(1,450)		(87)		(2,163)		(136)
Total	$	1,920	$	114	$	1,082	$	70
Basic weighted average common shares outstanding	30,517		1,822		29,448		1,822

Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method

Diluted EPS for Class A Common Shares Using the If-Converted Method

Three Months Ended July 31, 2020

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	1,920	30,517	$	0.06
Common Stock Equivalents	—		593	—
	1,920		31,110	0.06
Class B Common Share Conversion	114		1,822	—
Diluted EPS for Class A Common Shares	$	2,034	32,932	$	0.06

Three Months Ended July 31, 2019

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	1,082	29,448	$	0.04
Common Stock Equivalents	—		681	—
	1,082		30,129	0.04
Class B Common Share Conversion	70		1,822	—
Diluted EPS for Class A Common Shares	$	1,152	31,951	$	0.04

Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method

Diluted EPS for Class B Common Shares Using the Two-Class Method

Three Months Ended July 31, 2020

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	114	1,822	$	0.06
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	2		—	—
Diluted EPS for Class B Common Shares	$	116	1,822	$	0.06

Three Months Ended July 31, 2019

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	70	1,822	$	0.04
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	3		—	—
Diluted EPS for Class B Common Shares	$	73	1,822	$	0.04

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*Amounts adjusted for rounding