Net Earnings Per Share

9 Months Ended

Jan. 31, 2023

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)	2023		2022		2023		2022
Numerator used in basic and diluted net earnings
per common share:
Net income (loss)	$	14,728	$	(49,257)	$	63,582	$	(44,246)
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,622		16,570		16,607		16,599
Effect of dilutive securities:
Stock options and restricted stock units	74		—		54		—
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,696		16,570		16,661		16,599
Net earnings (loss) per share
Basic	$	0.89	$	(2.97)	$	3.83	$	(2.67)
Diluted	$	0.88	$	(2.97)	$	3.82	$	(2.67)

There were no potentially dilutive securities for the three- and nine-month periods ended January 31, 2023, which were excluded from the calculation of net earnings per diluted share. 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.