(Loss) Earnings Per Common Share (Tables)

6 Months Ended

Oct. 31, 2024

Schedule of Basic (Loss) Earnings Per Common Share

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

Basic (loss) earnings per common share:


	Three Months Ended October 31, 2024				Six Months Ended October 31, 2024
	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 (loss)	(0.17)		(0.17)		(0.22)		(0.22)

Total	$	(0.06)	$	(0.06)	$	—	$	—
Distributed earnings	$	3,646	$	59	$	7,107	$	260
Undistributed (loss)	(1,936)		(31)		(3,450)		(126)
Total	$	1,710	$	28	$	3,657	$	134
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement	$	(3,696)	$	(60)	$	(3,624)	$	(132)
Net (loss) earnings attributable to common stockholders	$	(1,986)	$	(32)	$	33	$	2
Basic weighted average common shares	33,021		534		32,241		1,179

	Three Months Ended October 31, 2023				Six Months Ended October 31, 2023
	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	(0.04)		(0.04)		(0.07)		(0.07)
Total from continuing operations	$	0.02	$	0.07	$	0.10	$	0.15
Total from discontinued operations	$	0.05	$	—	$	0.05	$	—
Total	$	0.07	$	0.07	$	0.15	$	0.15
Distributed earnings	$	3,556	$	201	$	7,114	$	401
Undistributed losses	(1,319)		(75)		(2,276)		(128)
Total from continuing operations	$	495	$	126	$	2,962	$	273
Total from discontinued operations	$	1,742	$	—	$	1,876	$	—
Net earnings attributable to common stockholders	$	2,237	$	126	$	4,838	$	273
Basic weighted average common shares outstanding	32,249		1,822		32,291		1,822

Schedule of 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, 2024


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	(1,986)	33,021	$	(0.06)
Common Stock Equivalents	—		16	—
	(1,986)		33,037	(0.06)
Class B Common Share Conversion*	(32)		534	—
Diluted EPS for Class A Common Shares	$	(2,018)	33,571	$	(0.06)

Six Months Ended October 31, 2024


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares		EPS*

Per Basic	$	33	32,241		$	—
Common Stock Equivalents	—		19		—
	33		32,260		$	—
Class B Common Share Conversion	2		1,179		—
Diluted EPS for Class A Common Shares	$	35	$	33,439	$	—

Three Months Ended October 31, 2023


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	2,237	32,249	$	0.07
Common Stock Equivalents	—		23	—
	2,237		32,272	0.07
Class B Common Share Conversion	126		1,822	—
Diluted EPS for Class A Common Shares	$	2,363	34,094	$	0.07

Six Months Ended October 31, 2023


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	4,838	32,291	$	0.15
Common Stock Equivalents	—		14	—
	4,838		32,305	$	0.15
Class B Common Share Conversion	273		1,822	—
Diluted EPS for Class A Common Shares	$	5,111	34,127	$	0.15

Schedule of 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, 2024


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	(32)	534	$	(0.06)
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	—		—	—
Diluted EPS for Class B Common Shares	$	(32)	534	$	(0.06)

Six Months Ended October 31, 2024


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	2	1,179	$	—
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	—		—
Diluted EPS for Class B Common Shares	$	2	1,179	$	—

Three Months Ended October 31, 2023


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	126	1,822	$	0.07
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	1		—	—
Diluted EPS for Class B Common Shares	$	127	1,822	$	0.07

Six Months Ended October 31, 2023


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	273	1,822	$	0.15
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	—		—	—
Diluted EPS for Class B Common Shares	$	273	1,822	$	0.15

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*Amounts adjusted for rounding