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Earnings Per Share
 12 Months Ended
Apr. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following table summarizes the computations of basic and diluted earnings per share:
 
FISCAL YEARS ENDED APRIL 30
(in thousands, except per share amounts)
2015

2014

2013
Numerator used in basic and diluted earnings per common share:
 

 

 
Net income
$
35,499


$
20,461


$
9,758

Denominator:
 

 

 
Denominator for basic earnings per common share -
 

 

 
weighted-average shares
15,764


15,299


14,563

Effect of dilutive securities:


 

 
Stock options and restricted stock units
273


354


270

Denominator for diluted earnings per common share -
 

 

 
weighted-average shares and assumed conversions
16,037


15,653


14,833

Net earnings per share
 

 

 
Basic
$
2.25


$
1.34


$
0.67

Diluted
$
2.21


$
1.31


$
0.66



Potentially dilutive shares of 0.1 million,  0.1 million and 1.0 million issuable under the Company’s stock incentive plans have been excluded from the calculation of net earnings per share for the fiscal years ended April 30, 2015, 2014 and 2013, respectively, as the effect would be anti-dilutive.