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Basic and Diluted Earnings Per Share
 3 Months Ended
Jul. 31, 2014
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, 2014, all shares of outstanding options were included in the computation of diluted earnings per share. During the three months ended July 31, 2013, options to purchase 0.3 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
July 31,		  
     2014      2013  
     (in thousands, except per share data)  

Net earnings attributable to common stockholders

    $ 14,533       $ 11,417   
  

 

 

     

 

 

  

Weighted-average common shares outstanding:

      

Basic weighted-average number of common shares outstanding

      48,703         47,665   

Effect of dilutive securities:

      

Restricted stock

      756         659   

Stock options

      132         195   
  

 

 

     

 

 

  

Diluted weighted-average number of common shares outstanding

      49,591         48,519   
  

 

 

     

 

 

  

Net earnings per common share:

      

Basic earnings per share

    $ 0.30       $ 0.24   
  

 

 

     

 

 

  

Diluted earnings per share

    $ 0.29       $ 0.24