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Basic and Diluted Earnings Per Share
 6 Months Ended
Oct. 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 both the three and six months ended October 31, 2013, options to purchase 0.1 million shares were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive. During both the three and six months ended October 31, 2012, options to purchase 0.6 million shares 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
October 31,		      Six Months Ended
October 31,		  
     2013      2012      2013      2012  
     (in thousands, except per share data)  

Net earnings attributable to common stockholders

    $ 18,759       $ 1,196       $ 30,176       $ 11,614   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average common shares outstanding:

            

Basic weighted-average number of common shares outstanding

      48,118         47,269         47,892         47,040   

Effect of dilutive securities:

            

Restricted stock

      484         397         643         442   

Stock options

      214         168         213         176   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted-average number of common shares outstanding

      48,816         47,834         48,748         47,658   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net earnings per common share:

            

Basic earnings per share

    $ 0.39       $ 0.03       $ 0.63       $ 0.25   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.38       $ 0.03       $ 0.62       $ 0.24