Earnings Per Common Share (Tables)

3 Months Ended

Jul. 31, 2022

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, 2022				Three Months Ended July 31, 2021
	Class A Common Shares		Class B Common Shares		Class A Common Shares		Class B Common Shares
Distributed earnings	$	0.11	$	0.11	$	0.11	$	0.11
Undistributed losses	(0.05)		(0.05)		(0.02)		(0.02)
Total	$	0.06	$	0.06	$	0.09	$	0.09
Distributed earnings	$	3,505	$	201	$	3,457	$	202
Undistributed losses	(1,488)		(85)		(673)		(39)
Total	$	2,017	$	116	$	2,784	$	163
Basic weighted average common shares outstanding	31,834		1,822		31,231		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, 2022

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	2,017	31,834	$	0.06
Common Stock Equivalents	—		351	—
	2,017		32,185	0.06
Class B Common Share Conversion*	116		1,822	—
Diluted EPS for Class A Common Shares	$	2,133	34,007	$	0.06

Three Months Ended July 31, 2021

	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	2,784	31,231	$	0.09
Common Stock Equivalents	—		893	—
	2,784		32,124	0.09
Class B Common Share Conversion	163		1,822	—
Diluted EPS for Class A Common Shares	$	2,947	33,946	$	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 July 31, 2022

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	116	1,822	$	0.06
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	1		—	—
Diluted EPS for Class B Common Shares	$	117	1,822	$	0.06

Three Months Ended July 31, 2021

	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares		EPS*
Per Basic	$	163	$	1,822	$	0.09
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	1		—		—
Diluted EPS for Class B Common Shares	$	164	1,822		$	0.09

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*Amounts adjusted for rounding