Net Earnings Per Share

9 Months Ended

Jan. 31, 2022

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)	2022		2021		2022		2021
Numerator used in basic and diluted net earnings
per common share:
Net income (loss)	$	(49,257)	$	18,445	$	(44,246)	$	57,626
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,570		16,995		16,599		16,975
Effect of dilutive securities:
Stock options and restricted stock units	—		52		—		62
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,570		17,047		16,599		17,037
Net earnings (loss) per share
Basic	$	(2.97)	$	1.09	$	(2.67)	$	3.39
Diluted	$	(2.97)	$	1.08	$	(2.67)	$	3.38

Potentially dilutive securities of 40,973 and 47,878 for the three- and nine-month periods ended January 31, 2022, respectively, have not been considered in the calculation of net loss per share as the effect would be anti-dilutive. There were no potentially dilutive securities for the three- and nine-month periods ended January 31, 2021, which were excluded from the calculation of net earnings per diluted share.