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Earnings Per Share | 12 Months Ended
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Apr. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Note 6: Earnings Per Share The following table sets forth the computation of basic earnings per share and diluted earnings per share under the two-class method.
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
Net income (loss) | $ | (1,230.8) |  |  | $ | 744.0 |  |  | $ | (91.3) |
Less: Net income (loss) allocated to participating securities | (0.1) |  |  | 0.2 |  |  | (0.1) |
Net income (loss) allocated to common stockholders | $ | (1,230.7) |  |  | $ | 743.8 |  |  | $ | (91.2) |
Weighted-average common shares outstanding | 106.4 |  |  | 104.1 |  |  | 106.2 |
Add: Dilutive effect of stock options | — |  |  | 0.1 |  |  | — |
Weighted-average common shares outstanding – assuming dilution | 106.4 |  |  | 104.2 |  |  | 106.2 |
Net income (loss) per common share | $ | (11.57) |  |  | $ | 7.14 |  |  | $ | (0.86) |
Net income (loss) per common share – assuming dilution | $ | (11.57) |  |  | $ | 7.14 |  |  | $ | (0.86) |
The following table sets forth the computation of diluted earnings per share under the treasury stock method.
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
Net income (loss) | $ | (1,230.8) |  |  | $ | 744.0 |  |  | $ | (91.3) |
Weighted-average common shares outstanding – assuming dilution: |  |  |  |  |
Weighted-average common shares outstanding | 106.4 |  |  | 104.1 |  |  | 106.2 |
Add: Dilutive effect of stock options | — |  |  | 0.1 |  |  | — |
Add: Dilutive effect of restricted shares, restricted stock units, and performance units | — |  |  | 0.2 |  |  | — |
Weighted-average common shares outstanding – assuming dilution | 106.4 |  |  | 104.4 |  |  | 106.2 |
Net income (loss) per common share – assuming dilution | $ | (11.57) |  |  | $ | 7.13 |  |  | $ | (0.86) |
We computed basic earnings per share under the two-class method for 2025, 2024, and 2023, due to certain unvested common shares that contained non-forfeitable rights to dividends (i.e., participating securities) during these periods. Further, we computed diluted earnings per share under the two-class method and treasury stock method to determine the method that was most dilutive, in accordance with FASB ASC 260, Earnings Per Share. In 2025 and 2023, we recognized a net loss, and as a result, excluded the anti-dilutive effect of stock-based awards from the computation of diluted earnings per share. Therefore, in 2025 and 2023, diluted earnings per share was computed under the two-class method. In 2024, the computation of diluted earnings per share was more dilutive under the treasury stock method.

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