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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)
 
2017
 
2016
 
Numerator used in basic and diluted net earnings
 
 
 
 
 
per common share:
 
 
 
 
 
Net income
 
$
22,281

 
$
21,661

 
Denominator:
 
 
 
 
 
Denominator for basic net earnings per common
 
 
 
 
 
share - weighted-average shares
 
16,272

 
16,264

 
Effect of dilutive securities:
 
 
 
 
 
Stock options and restricted stock units
 
83

 
117

 
Denominator for diluted net earnings per common
 
 
 
 
 
share - weighted-average shares and assumed
 
 
 
 
 
conversions
 
16,355

 
16,381

 
Net earnings per share
 
 
 
 
 
Basic
 
$
1.37

 
$
1.33

 
Diluted
 
$
1.36

 
$
1.32

 


The Company repurchased a total of 56,700 and 72,400 shares of its common stock during the three-month periods ended July 31, 2017 and 2016, respectively. There were no potentially dilutive securities for the three-month periods ended July 31, 2017 and 2016, which were excluded from the calculation of net earnings per diluted share.