Net Earnings Per Share

6 Months Ended

Oct. 31, 2023

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)	2023		2022		2023		2022
Numerator used in basic and diluted net earnings
per common share:
Net income	$	30,341	$	28,784	$	68,191	$	48,854
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,322		16,615		16,406		16,599
Effect of dilutive securities:
Stock options and restricted stock units	99		42		99		40
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,421		16,657		16,505		16,639
Net earnings per share
Basic	$	1.86	$	1.73	$	4.16	$	2.94
Diluted	$	1.85	$	1.73	$	4.13	$	2.94

Potentially dilutive securities of 30,780 and 43,590 for the three- and six-month periods ended October 31, 2023, respectively, were excluded from the calculation of net earnings per diluted share as the effect would be anti-dilutive. There were no potentially dilutive securities for the three- and six-month periods ended October 31, 2022, which were excluded from the calculation of net earnings per diluted share.