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Earnings (Loss) Per Share
 12 Months Ended
Apr. 30, 2014
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

Note F -- Earnings (Loss) Per Share

 

The following table summarizes the computations of basic and diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FISCAL YEARS ENDED APRIL 30

(in thousands, except per share amounts)

 

2014

 

 

2013

 

 

2012

Numerator used in basic and diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

Net income (loss)

$
20,461 

 

$
9,758 

 

$
(20,786)

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings (loss) per common share -

 

 

 

 

 

 

 

 

weighted-average shares

 
15,299 

 

 
14,563 

 

 
14,344 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 
354 

 

 
270 

 

 
0 

Denominator for diluted earnings (loss) per common share -

 

 

 

 

 

 

 

 

weighted-average shares and assumed conversions

 
15,653 

 

 
14,833 

 

 
14,344 

Net earnings (loss) per share

 

 

 

 

 

 

 

 

Basic

$
1.34 

 

$
0.67 

 

$
(1.45)

Diluted

$
1.31 

 

$
0.66 

 

$
(1.45)

 

Potentially dilutive shares of 0.1 million,  1.0 million and 1.8 million issuable under the Company’s stock incentive plans have been excluded from the calculation of net earnings (loss) per share for the fiscal years ended April 30, 2014, 2013 and 2012, respectively, as the effect would be anti-dilutive.