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Basic and Diluted Earnings Per Share
 3 Months Ended
Jul. 31, 2013
Basic and Diluted Earnings Per Share

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 was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. During the three months ended July 31, 2013 and 2012, options to purchase 0.3 million shares and 0.8 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:

 

     Three Months Ended
July 31,		  
         2013              2012      
     (in thousands, except per share data)  

Net earnings attributable to common stockholders

    $ 11,417       $ 10,418   
  

 

 

     

 

 

  

Weighted-average common shares outstanding:

      

Basic weighted-average number of common shares outstanding

      47,665         46,810   

Effect of dilutive securities:

      

Restricted stock

      659         661   

Stock options

      195         184   
  

 

 

     

 

 

  

Diluted weighted-average number of common shares outstanding

      48,519         47,655   
  

 

 

     

 

 

  

Net earnings per common share:

      

Basic earnings per share

    $ 0.24       $ 0.22   
  

 

 

     

 

 

  

Diluted earnings per share

    $ 0.24       $ 0.22