Reconciliation of Weighted Average Shares Outstanding

12 Months Ended

Apr. 30, 2018

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:

	2018			2017			2016
Weighted Average Shares Outstanding		57,181			57,531			58,253
Less: Unvested Restricted Shares		(138	)		(194	)		(255	)
Shares Used for Basic Earnings Per Share		57,043			57,337			57,998
Dilutive Effect of Stock Options and Other Stock Awards		845			862			736
Shares Used for Diluted Earnings Per Share		57,888			58,199			58,734

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 244,590, 301,527 and 336,803 shares of Class A Common Stock have been excluded for fiscal years 2018, 2017 and 2016, respectively. In addition, for fiscal years 2018, 2017 and 2016 unvested restricted shares of 26,740, none and 15,200 respectively, have been excluded as their inclusion would have been anti-dilutive.