Net Earnings Per Share

9 Months Ended

Jan. 31, 2021

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				Nine Months Ended
	January 31,				January 31,
(in thousands, except per share amounts)	2021		2020		2021		2020
Numerator used in basic and diluted net earnings
per common share:
Net income	$	17,195	$	12,804	$	55,936	$	61,848
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,995		16,922		16,975		16,902
Effect of dilutive securities:
Stock options and restricted stock units	52		53		62		45
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	17,047		16,975		17,037		16,947
Net earnings per share
Basic	$	1.01	$	0.76	$	3.30	$	3.66
Diluted	$	1.01	$	0.75	$	3.28	$	3.65

There were no potentially dilutive securities for the three- and nine-month periods ended January 31, 2021 and 2020, which were excluded from the calculation of net earnings per diluted share.