Earnings Per Share

6 Months Ended

Apr. 30, 2020

—Earnings Per Share

Basic earnings per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. In addition, the shares of Common Stock issuable pursuant to restricted stock awards, restricted stock units and stock options outstanding under the 2019 Plan are included in the diluted earnings per share calculation to the extent they are dilutive. For the nine months ended July 31, 2020 and 2019, 46 and 141 stock awards, respectively, were excluded from the computation of diluted earnings per share because their inclusion would be anti-dilutive. The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net loss per share:


	Three Months Ended July 31,						Nine Months Ended July 31,
	2020		2019		2020		2019
Net loss available to common stockholders	$	(137,134)	$	(2,709)	$	(199,522)	$	(6,295)
Basic weighted average shares	23,824		23,557		23,754		23,486
Effect of dilutive securities:
Restricted stock, units and stock options (1)	—		—		—		—
Diluted weighted average shares	23,824		23,557		23,754		23,486
Basic loss per share	$	(5.76)	$	(0.11)	$	(8.40)	$	(0.27)
Diluted loss per share	$	(5.76)	$	(0.11)	$	(8.40)	$	(0.27)

(1) Due to a loss for the three and nine months ended July 31, 2020 and three and nine months ended July 31, 2019 no restricted stock, restricted stock units or stock options are included because the effect would be anti-dilutive.