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Net Earnings Per Share
 6 Months Ended
Oct. 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

 

Six Months Ended

 

 

October 31,

 

October 31,

(in thousands, except per share amounts)

 

 

2013

 

 

2012

 

 

2013

 

 

2012

Numerator used in basic and diluted net earnings

 

 

 

 

 

 

 

 

 

 

 

 

per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$
5,271 

 

$
1,950 

 

$
11,926 

 

$
2,511 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net earnings per common

 

 

 

 

 

 

 

 

 

 

 

 

share - weighted-average shares

 

 
15,231 

 

 
14,498 

 

 
15,090 

 

 
14,457 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 
351 

 

 
180 

 

 
389 

 

 
170 

Denominator for diluted net earnings per common

 

 

 

 

 

 

 

 

 

 

 

 

share - weighted-average shares and assumed

 

 

 

 

 

 

 

 

 

 

 

 

conversions

 

 
15,582 

 

 
14,678 

 

 
15,479 

 

 
14,627 

Net earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.35 

 

$
0.13 

 

$
0.79 

 

$
0.17 

Diluted

 

$
0.34 

 

$
0.13 

 

$
0.77 

 

$
0.17 

 

Potentially dilutive securities of 0.1 million and 1.4 million shares for the three-month periods ended October 31, 2013 and 2012, respectively, and 0.1 million and 1.6 million shares for the six-month periods ended October 31, 2013 and 2012, respectively, were excluded from the calculation of net earnings per share, as the effect would be anti-dilutive.