Net Income Per Common Share

12 Months Ended

Apr. 30, 2023

Earnings Per Share [Abstract]

Net Income Per Common Share

NET INCOME PER COMMON SHARE

Computations for basic and diluted earnings per common share are presented below:

	Years ended April 30,
	2023		2022		2021
Basic
Net income	$	446,691	$	339,790	$	312,900
Weighted average shares outstanding-basic	37,266,851		37,158,898		37,092,273
Basic earnings per common share	$	11.99	$	9.14	$	8.44
Diluted
Net income	$	446,691	$	339,790	$	312,900
Weighted-average shares outstanding-basic	37,266,851		37,158,898		37,092,273
Plus effect of stock options and restricted stock units	252,844		197,800		263,865
Weighted-average shares outstanding-diluted	37,519,695		37,356,698		37,356,138
Diluted earnings per common share	$	11.91	$	9.10	$	8.38

There were no stock options outstanding at April 30, 2023 and 2022. In previous years, there were no stock options considered antidilutive; therefore, all stock options were included in the computation of dilutive earnings per share for fiscal 2021.