Net Earnings Per Share

3 Months Ended

Jul. 31, 2015

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)	2015		2014
Numerator used in basic and diluted net earnings
per common share:
Net income	$	15,158	$	9,238
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,181		15,532
Effect of dilutive securities:
Stock options and restricted stock units	240		237
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,421		15,769
Net earnings per share
Basic	$	0.94	$	0.59
Diluted	$	0.92	$	0.59

The Company repurchased a total of 30,555 and 130,000 shares of its common stock during the three-month periods ended July 31, 2015 and 2014, respectively. There were no potentially dilutive securities for the three-month period ended July 31, 2015, which were excluded from the calculation of net earnings per share. There were approximately 0.5 million shares of common stock which were excluded from the calculation of net earnings per share during the three-month period ended July 31, 2014, as the effect would be anti-dilutive.