Earnings Per Common Share (Tables)

6 Months Ended

Oct. 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 October 31, 2020				Six Months Ended October 31, 2020
	Class A Common Shares		Class B Common Shares		Class A Common Shares		Class B Common Shares
Distributed earnings	$	0.11	$	0.11	$	0.22	$	0.22
Undistributed losses	(0.09)		(0.09)		(0.14)		(0.14)
Total	$	0.02	$	0.02	$	0.08	$	0.08
Distributed earnings	$	3,375	$	201	$	6,745	$	402
Undistributed losses	(2,722)		(162)		(4,172)		(249)
Total	$	653	$	39	$	2,573	$	153
Basic weighted average common shares outstanding	30,667		1,822		30,592		1,822

	Three Months Ended October 31, 2019				Six Months Ended October 31, 2019
	Class A Common Shares		Class B Common Shares		Class A Common Shares		Class B Common Shares
Distributed earnings	$	0.11	$	0.11	$	0.22	$	0.22
Undistributed losses	$	(0.05)	$	(0.05)	$	(0.13)	$	(0.13)
Total	$	0.06	$	0.06	$	0.09	$	0.09
Distributed earnings	$	3,303	$	202	$	6,552	$	403
Undistributed losses	$	(1,645)	$	(101)	$	(3,810)	$	(234)
Total	$	1,658	$	101	$	2,742	$	169
Basic weighted average common shares outstanding	$	29,787	$	1,822	$	29,618	$	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 October 31, 2020

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	653	30,667	$	0.02
Common Stock Equivalents	—		407	—
	653		31,074	0.02
Class B Common Share Conversion	39		1,822	—
Diluted EPS for Class A Common Shares	$	692	32,896	$	0.02

Six Months Ended October 31, 2020

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	2,573	30,592	$	0.08
Common Stock Equivalents	—		505	—
	2,573		31,097	0.08
Class B Common Share Conversion	153		1,822	—
Diluted EPS for Class A Common Shares	$	2,726	32,919	$	0.08

Three Months Ended October 31, 2019

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	1,658	29,787	$	0.06
Common Stock Equivalents	—		701	—
	1,658		30,488	0.05
Class B Common Share Conversion	101		1,822	—
Diluted EPS for Class A Common Shares	$	1,759	32,310	$	0.05

Six Months Ended October 31, 2019

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	2,742	29,618	$	0.09
Common Stock Equivalents	—		626	—
	2,742		30,244	0.09
Class B Common Share Conversion	169		1,822	—
Diluted EPS for Class A Common Shares	$	2,911	32,066	$	0.09

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 October 31, 2020

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	39	1,822	$	0.02
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	2		—	—
Diluted EPS for Class B Common Shares	$	41	1,822	$	0.02

Six Months Ended October 31, 2020

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares		EPS*
Per Basic	$	153	$	1,822	$	0.08
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	4		—		—
Diluted EPS for Class B Common Shares	$	157	$	1,822	$	0.09

Three Months Ended October 31, 2019

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares		EPS*
Per Basic	$	101	$	1,822	$	0.06
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	3		—		—
Diluted EPS for Class B Common Shares	$	104	$	1,822	$	0.06

Six Months Ended October 31, 2019

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares		EPS*
Per Basic	$	169	$	1,822	$	0.09
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	6		—		—
Diluted EPS for Class B Common Shares	$	175	$	1,822	$	0.10

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*Amounts adjusted for rounding