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Net Earnings Per Share
 3 Months Ended
Jul. 31, 2014
Earnings Per Share [Abstract]  
Net Earnings Per Share
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)
 
2014
 
2013
Numerator used in basic and diluted net earnings
 
 
 
 
per common share:
 
 
 
 
Net income
 
$
9,238

 
$
6,655

Denominator:
 
 
 
 
Denominator for basic net earnings per common
 
 
 
 
share - weighted-average shares
 
15,532

 
14,949

Effect of dilutive securities:
 
 
 
 
Stock options and restricted stock units
 
237

 
424

Denominator for diluted net earnings per common
 
 
 
 
share - weighted-average shares and assumed
 
 
 
 
conversions
 
15,769

 
15,373

Net earnings per share
 
 
 
 
Basic
 
$
0.59

 
$
0.45

Diluted
 
$
0.59

 
$
0.43



The Company repurchased a total of 130,000 shares of its common stock during the first three months of fiscal 2015. Potentially dilutive securities of 0.5 million and 0.1 million shares for the three-month periods ended July 31, 2014 and 2013, respectively, were excluded from the calculation of net earnings per share, as the effect would be anti-dilutive.