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Net Income Per Common Share
 12 Months Ended
Apr. 30, 2013
Net Income Per Common Share [Abstract]  
Net Income Per Common Share

5.NET INCOME PER COMMON SHARE

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years ended April 30,

 

 

2013

 

2012

 

2011

Basic

 

 

 

 

 

 

 Net income

$
110,625 

$
116,791 

$
94,623 

 

 

 

 

 

 

 

 Weighted average shares outstanding-basic

 
38,297,083 

 
38,068,001 

 
42,284,664 

 

 

 

 

 

 

 

 Basic earnings per common share

$
2.89 

$
3.07 

$
2.24 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 Net income

$
110,625 

$
116,791 

$
94,623 

 

 

 

 

 

 

 

 Weighted-average shares outstanding-basic

 
38,297,083 

 
38,068,001 

 
42,284,664 

 Plus effect of stock options and restricted stock units

 
322,993 

 
323,703 

 
281,913 

 Weighted-average shares outstanding-diluted

 
38,620,076 

 
38,391,704 

 
42,566,577 

 

 

 

 

 

 

 

 Diluted earnings per common share

$
2.86 

$
3.04 

$
2.22 

 

 

 

 

 

 

 

 

 

            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 439,000 for fiscal 2012. All options were included for fiscal 2013 and fiscal 2011.