Net Earnings Per Share

6 Months Ended

Oct. 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				Six Months Ended
	October 31,				October 31,
(in thousands, except per share amounts)	2021		2020		2021		2020
Numerator used in basic and diluted net earnings
per common share:
Net income	$	2,030	$	23,122	$	5,011	$	39,181
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,567		16,992		16,614		16,965
Effect of dilutive securities:
Stock options and restricted stock units	39		55		49		72
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,606		17,047		16,663		17,037
Net earnings per share
Basic	$	0.12	$	1.36	$	0.30	$	2.31
Diluted	$	0.12	$	1.36	$	0.30	$	2.30

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