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Net Earnings Per Share
 3 Months Ended
Jul. 31, 2013
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

 

NOTE C--NET EARNINGS PER SHARE

 

The following table sets forth the computation of basic and diluted net earnings per share:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

July 31,

 

(in thousands, except per share amounts)

 

 

2013

 

 

2012

 

Numerator used in basic and diluted net earnings

 

 

 

 

 

 

 

per common share:

 

 

 

 

 

 

 

Net income

 

$
6,655 

 

$
561 

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic net earnings per common

 

 

 

 

 

 

 

share - weighted-average shares

 

 
14,949 

 

 
14,416 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 
424 

 

 
160 

 

Denominator for diluted net earnings per common

 

 

 

 

 

 

 

share - weighted-average shares and assumed

 

 

 

 

 

 

 

conversions

 

 
15,373 

 

 
14,576 

 

Net earnings per share

 

 

 

 

 

 

 

Basic

 

$
0.45 

 

$
0.04 

 

Diluted

 

$
0.43 

 

$
0.04 

 

 

Potentially dilutive securities of 0.1 million and 1.7 million shares for the three-month periods ended July 31, 2013 and 2012, respectively, were excluded from the calculation of net earnings per share, as the effect would be anti-dilutive.