Reconciliation of Weighted Average Shares Outstanding

12 Months Ended

Apr. 30, 2017

Reconciliation of Weighted Average Shares Outstanding [Abstract]

Reconciliation of Weighted Average Shares Outstanding

Note 3 – Reconciliation of Weighted Average Shares Outstanding

A reconciliation of the shares used in the computation of earnings per share for the years ended April 30 follows (in thousands):

	2017	2016	2015
Weighted Average Shares Outstanding	57,531	58,253	59,004
Less: Unearned Restricted Shares	(194)	(255)	(271)
Shares Used for Basic Earnings Per Share	57,337	57,998	58,733
Dilutive Effect of Stock Options and Other Stock Awards	862	736	861
Shares Used for Diluted Earnings Per Share	58,199	58,734	59,594

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 301,527, 336,803 and 178,144 shares of Class A Common Stock have been excluded for fiscal years 2017, 2016 and 2015, respectively. In addition, for fiscal years 2016 and 2015 unearned restricted shares of 15,200 and 2,500, respectively, have been excluded as their inclusion would have been anti-dilutive.