Net Earnings Per Share

6 Months Ended

Oct. 31, 2017

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)	2017		2016		2017		2016
Numerator used in basic and diluted net earnings
per common share:
Net income	$	19,755	$	17,637	$	42,036	$	39,298
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,197		16,296		16,235		16,280
Effect of dilutive securities:
Stock options and restricted stock units	71		144		84		131
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,268		16,440		16,319		16,411
Net earnings per share
Basic	$	1.22	$	1.08	$	2.59	$	2.41
Diluted	$	1.21	$	1.07	$	2.58	$	2.39

The Company repurchased a total of 194,541 and 67,400 shares of its common stock during the three-month periods ended October 31, 2017 and 2016, respectively, and 251,241 and 139,800 shares of its common stock during the six-month periods ended October 31, 2017 and 2016, respectively. There were no potentially dilutive securities for the three- and six-month periods ended October 31, 2017 and 2016, which were excluded from the calculation of net earnings per diluted share.