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Earnings Per Common Share

12 Months Ended

Apr. 30, 2011

Earnings Per Common Share

Earnings Per Common Share

5.   EARNINGS PER COMMON SHARE

Computations for basic and diluted earnings per common share are presented below:

		Years ended April 30,
		2011		2010		2009
Basic
Net earnings	$	94,623	$	116,962	$	85,690
Weighted average shares outstanding—basic		42,284,664		50,899,370		50,787,309
Basic earnings per common share	$	2.24	$	2.30	$	1.69
Diluted
Net earnings	$	94,623	$	116,962	$	85,690
Weighted-average shares outstanding—basic		42,284,664		50,899,370		50,787,309
Plus effect of stock options and restricted stock units		281,913		153,803		130,170
Weighted-average shares outstanding—diluted		42,566,577		51,053,173		50,917,479
Diluted earnings per common share	$	2.22	$	2.29	$	1.68

            Options to purchase shares of common stock that were not included in the computation of diluted earnings per share, because their inclusion would have been antidilutive, were 356,000 for fiscal 2010 and 224,500 for fiscal 2009. All options were included for fiscal 2011.

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40

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