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Net Earnings Per Share
 3 Months Ended
Jul. 31, 2016
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)
 
2016
 
2015
Numerator used in basic and diluted net earnings
 
 
 
 
per common share:
 
 
 
 
Net income
 
$
21,661

 
$
15,158

Denominator:
 
 
 
 
Denominator for basic net earnings per common
 
 
 
 
share - weighted-average shares
 
16,264

 
16,181

Effect of dilutive securities:
 
 
 
 
Stock options and restricted stock units
 
117

 
240

Denominator for diluted net earnings per common
 
 
 
 
share - weighted-average shares and assumed
 
 
 
 
conversions
 
16,381

 
16,421

Net earnings per share
 
 
 
 
Basic
 
$
1.33

 
$
0.94

Diluted
 
$
1.32

 
$
0.92



The Company repurchased a total of 72,400 and 30,555 shares of its common stock during the three-month periods ended July 31, 2016 and 2015, respectively. There were no potentially dilutive securities for the three-month periods ended July 31, 2016 and 2015, which were excluded from the calculation of net earnings per share.