(Loss) Earnings Per Common Share (Tables)

9 Months Ended

Jan. 31, 2025

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 January 31, 2025		Nine Months Ended January 31, 2025
	Class A Common Shares		Class A Common Shares		Class B Common Shares
Distributed earnings	$	0.11	$	0.33	$	0.33
Undistributed (loss)	(0.19)		(0.41)		(0.41)

Total	$	(0.08)	$	(0.08)	$	(0.08)
Distributed earnings	$	3,708	$	10,817	$	260
Undistributed (loss)	(6,466)		(9,809)		(235)
Total	$	(2,758)	$	1,008	$	25
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement	$	—	$	(3,668)	$	(88)
Net (loss) attributable to common shareholders	$	(2,758)	$	(2,660)	$	(63)
Basic weighted average common shares	33,680		32,721		786


	Three Months Ended January 31, 2024				Nine Months Ended January 31, 2024
	Class A Common Shares		Class B Common Shares		Class A Common Shares		Class B Common Shares
Distributed earnings	$	0.11	$	0.11	$	0.33	$	0.33
Undistributed earnings (losses)	0.01		0.01		(0.06)		(0.06)
Total from continuing operations	$	0.12	$	0.12	$	0.22	$	0.27
Total from discontinued operations	—		—		0.05		—
Total	$	0.12	$	0.12	$	0.27	$	0.27
Distributed earnings	$	3,454	$	200	$	10,568	$	601
Undistributed earnings (losses)	410		24		(1,864)		(106)
Total from continuing operations	$	3,864	$	224	$	6,892	$	495
Total from discontinued operations	—		—		1,812		—
Net earnings attributable to common shareholders	$	3,864	$	224	$	8,704	$	495
Basic weighted average common shares outstanding	31,470		1,822		32,020		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 January 31, 2025


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	(2,758)	33,680	$	(0.08)
Common Stock Equivalents	—		—	—
	(2,758)		33,680	(0.08)
Class B Common Share Conversion*	—		—	—
Diluted EPS for Class A Common Shares	$	(2,758)	33,680	$	(0.08)

Nine Months Ended January 31, 2025


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

Per Basic	$	(2,660)	32,721	$	(0.08)
Common Stock Equivalents	—		11	—
	(2,660)		32,732	(0.08)
Class B Common Share Conversion	(63)		786	—
Diluted EPS for Class A Common Shares	$	(2,723)	33,518	$	(0.08)

Three Months Ended January 31, 2024


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	3,864	31,470	$	0.12
Common Stock Equivalents	—		44	—
	3,864		31,514	0.12
Class B Common Share Conversion	224		1,822	—
Diluted EPS for Class A Common Shares	$	4,088	33,336	$	0.12

Nine Months Ended January 31, 2024


	Undistributed & Distributed Earnings to Class A Common Shares		Class A Common Shares	EPS*
Per Basic	$	8,704	32,020	$	0.27
Common Stock Equivalents	—		24	—
	8,704		32,044	0.27
Class B Common Share Conversion	495		1,822	—
Diluted EPS for Class A Common Shares	$	9,199	33,866	$	0.27

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

Nine Months Ended January 31, 2025


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	(63)	786	$	(0.08)
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	—		—	—
Diluted EPS for Class B Common Shares	$	(63)	786	$	(0.08)

Three Months Ended January 31, 2024


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	224	1,822	$	0.12
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	—		—	—
Diluted EPS for Class B Common Shares	$	224	1,822	$	0.12

Nine Months Ended January 31, 2024


	Undistributed & Distributed Earnings to Class B Common Shares		Class B Common Shares	EPS*
Per Basic	$	495	1,822	$	0.27
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares	—		—	—
Diluted EPS for Class B Common Shares	$	495	1,822	$	0.27

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*Amounts adjusted for rounding