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Earnings Per Common Share (Tables)
9 Months Ended
Jan. 31, 2021
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
January 31, 2021
Nine Months Ended
January 31, 2021
Class A
Common
Shares
Class B
Common
Shares
Class A
Common
Shares
Class B
Common
Shares
Distributed earnings$0.11 $0.11 $0.33 $0.33 
Undistributed losses(0.04)(0.04)(0.17)(0.17)
Total$0.07 $0.07 $0.16 $0.16 
Distributed earnings$3,396 $201 $10,142 $602 
Undistributed losses(1,214)(72)(5,387)(320)
Total$2,182 $129 $4,755 $282 
Basic weighted average common shares outstanding30,806 1,822 30,663 1,822 

 Three Months Ended
January 31, 2020
Nine Months Ended
January 31, 2020
Class A
Common
Shares
Class B
Common
Shares
Class A
Common
Shares
Class B
Common
Shares
Distributed earnings$0.11 $0.11 $0.33 $0.33 
Undistributed losses$(0.01)$(0.01)$(0.13)$(0.13)
Total$0.10 $0.10 $0.20 $0.20 
Distributed earnings$3,321 $201 $9,873 $604 
Undistributed losses$(223)$(13)$(4,033)$(247)
Total$3,098 $188 $5,840 $357 
Basic weighted average common shares outstanding$30,133 $1,822 $29,789 $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 January 31, 2021
Undistributed
& Distributed
Earnings
to Class A
Common
Shares
Class A
Common
Shares
EPS*
Per Basic$2,182 30,806 $0.07 
Common Stock Equivalents— 665 — 
2,182 31,471 0.07 
Class B Common Share Conversion129 1,822 — 
Diluted EPS for Class A Common Shares$2,311 33,293 $0.07 
Nine Months Ended January 31, 2021
Undistributed
& Distributed
Earnings
to Class A
Common
Shares
Class A
Common
Shares
EPS*
Per Basic$4,755 30,663 $0.16 
Common Stock Equivalents— 622 — 
4,755 31,285 0.15 
Class B Common Share Conversion282 1,822 — 
Diluted EPS for Class A Common Shares$5,037 33,107 $0.15 
Three Months Ended January 31, 2020
Undistributed
& Distributed
Earnings
to Class A
Common
Shares
Class A
Common
Shares
EPS*
Per Basic$3,098 30,133 $0.10 
Common Stock Equivalents— 713 — 
3,098 30,846 0.10 
Class B Common Share Conversion188 1,822 — 
Diluted EPS for Class A Common Shares$3,286 32,668 $0.10 
Nine Months Ended January 31, 2020
Undistributed
& Distributed
Earnings
to Class A
Common
Shares
Class A
Common
Shares
EPS*
Per Basic$5,840 29,789 $0.20 
Common Stock Equivalents— 649 — 
5,840 30,438 0.19 
Class B Common Share Conversion357 1,822 — 
Diluted EPS for Class A Common Shares$6,197 32,260 $0.19 
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 January 31, 2021
Undistributed
& Distributed
Earnings
to Class B
Common
Shares
Class B
Common
Shares
EPS*
Per Basic$129 1,822 $0.07 
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares— — 
Diluted EPS for Class B Common Shares$131 1,822 $0.07 
Nine Months Ended January 31, 2021
Undistributed
& Distributed
Earnings
to Class B
Common
Shares
Class B
Common
Shares
EPS*
Per Basic$282 $1,822 $0.16 
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares— — 
Diluted EPS for Class B Common Shares$288 $1,822 $0.16 
Three Months Ended January 31, 2020
Undistributed
& Distributed
Earnings
to Class B
Common
Shares
Class B
Common
Shares
EPS*
Per Basic$188 $1,822 $0.10 
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares— — — 
Diluted EPS for Class B Common Shares$188 $1,822 $0.10 

Nine Months Ended January 31, 2020

Undistributed
& Distributed
Earnings
to Class B
Common
Shares
Class B
Common
Shares
EPS*
Per Basic$357 $1,822 $0.20 
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares— — 
Diluted EPS for Class B Common Shares$362 $1,822 $0.20 
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*Amounts adjusted for rounding