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Reconciliation of Weighted Average Shares Outstanding and Share Repurchases | 6 Months Ended
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Oct. 31, 2017
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract] |
Reconciliation of Weighted Average Shares Outstanding and Share Repurchases | 5. Reconciliation of Weighted Average Shares Outstanding and Share Repurchases A reconciliation of the shares used in the computation of earnings per share follows (in thousands):
|  | Three Months Ended October 31, |  |  | Six Months Ended October 31, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Weighted average shares outstanding |  |  | 57,013 |  |  |  | 57,759 |  |  |  | 57,100 |  |  |  | 57,717 |
Less: Unearned restricted shares |  |  | (138 | ) |  |  | (221 | ) |  |  | (152 | ) |  |  | (223 | )
Shares used for basic earnings per share |  |  | 56,875 |  |  |  | 57,538 |  |  |  | 56,948 |  |  |  | 57,494 |
Dilutive effect of stock options and other stock awards |  |  | 679 |  |  |  | - |  |  |  | 685 |  |  |  | 765 |
Shares used for diluted earnings per share |  |  | 57,554 |  |  |  | 57,538 |  |  |  | 57,633 |  |  |  | 58,259 |
Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 284,787 and 315,425 shares of Class A Common Stock have been excluded for the six months ended October 31, 2017 and 2016, respectively. In addition, for the six months ended October 31, 2016, 42,783 unearned restricted shares have been excluded as their inclusion would have been antidilutive. There were 26,740 unearned restricted shares excluded for the three months ended October 31, 2017. During the three months ended October 31, 2017 and 2016, the Company repurchased 285,599 and 193,955 shares of common stock at an average price of $53.37 and $51.56, respectively. During the six months ended October 31, 2017 and 2016, the Company repurchased 550,757 and 415,260 shares of common stock at an average price of $53.12 and $51.27, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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