Net Earnings Per Share

6 Months Ended

Oct. 31, 2015

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)	2015		2014		2015		2014
Numerator used in basic and diluted net earnings
per common share:
Net income	$	18,180	$	7,671	$	33,338	$	16,909
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,283		15,672		16,232		15,602
Effect of dilutive securities:
Stock options and restricted stock units	190		288		215		262
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,473		15,960		16,447		15,865
Net earnings per share
Basic	$	1.12	$	0.49	$	2.05	$	1.08
Diluted	$	1.10	$	0.48	$	2.03	$	1.07

The Company repurchased a total of 78,232 and 33,326 shares of its common stock during the three-month periods ended October 31, 2015 and 2014, respectively, and 108,787 and 163,326 shares of its common stock during the six-month periods ended October 31, 2015 and 2014, respectively. There were no potentially dilutive securities for the three- and six-month periods ended October 31, 2015, which were excluded from the calculation of net earnings per share. There were approximately 0.0 million and 0.2 million shares of common stock which were excluded from the calculation of net earnings per share during the three and six-month periods ended October 31, 2014, respectively, as the effect would be anti-dilutive.