Reconciliation of Weighted Average Shares Outstanding and Share Repurchases

3 Months Ended

Jul. 31, 2018

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases [Abstract]

Reconciliation of Weighted Average Shares Outstanding and Share Repurchases

Note 6 — Reconciliation of Weighted Average Shares Outstanding and Share Repurchases

A reconciliation of the shares used in the computation of earnings per share follows:

	Three Months Ended July 31,
	2018			2017
Weighted average shares outstanding		57,510			57,188
Less: Unvested restricted shares		(80	)		(172	)
Shares used for basic earnings per share		57,430			57,016
Dilutive effect of stock options and other stock awards		684			693
Shares used for diluted earnings per share		58,114			57,709

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 292,852 shares of Class A Common Stock have been excluded for the three months ended July 31, 2017. There were no options excluded for the three months ended July 31, 2018.

There were no restricted shares excluded for the three months ended July 31, 2018 and July 31, 2017.

During the three months ended July 31, 2018 and 2017, we repurchased 125,932 and 265,158 shares of Class A common stock at an average price of $63.48 and $52.86, respectively.

On June 21, 2018, our Board of Directors declared a quarterly cash dividend of $0.33 per common share, or $19.0 million, on our Class A and Class B common stock. The dividend was paid on July 18, 2018 to shareholders of record on July 3, 2018.