Basic and Diluted Earnings Per Share

12 Months Ended

Apr. 30, 2012

2.	Basic and Diluted Earnings Per Share

Basic earnings per common share was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share reflects the potential dilution that would occur if all in-the-money outstanding options or other contracts to issue common stock were exercised or converted and was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. During fiscal 2012, 2011 and 2010, SARs and options to purchase 0.57 million shares, 0.39 million shares and 1.48 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.

The following table summarizes basic and diluted earnings per share calculations:


	Year Ended April 30,
	2012		2011		2010
	(in thousands, except per share data)
Net earnings attributable to common stockholders	$	54,303	$	58,874	$	5,298

Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding		46,397		45,205		44,413
Effect of dilutive securities:
Restricted stock		582		646		587
Stock options		267		425		401
ESPP		15		4		3
Warrants		—		—		53

Diluted weighted-average number of common shares outstanding		47,261		46,280		45,457

Net earnings per common share:
Basic earnings per share	$	1.17	$	1.30	$	0.12

Diluted earnings per share	$	1.15	$	1.27	$	0.12

- Definition

The entire disclosure for earnings per share.

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