Reconciliation of Weighted Average Shares Outstanding

12 Months Ended

Apr. 30, 2019

Reconciliation of Weighted Average Shares Outstanding [Abstract]

Reconciliation of Weighted Average Shares Outstanding

Note 5 – 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:

	2019		2018		2017
Weighted average shares outstanding		57,240		57,181		57,531
Less: Unvested restricted shares		(48)		(138)		(194)
Shares used for basic earnings per share		57,192		57,043		57,337
Dilutive effect of stock options and other stock awards		648		845		862
Shares used for diluted earnings per share		57,840		57,888		58,199

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 260,984, 244,590 and 301,527 shares of Class A Common Stock have been excluded for the years ended April 30, 2019, 2018 and 2017, respectively. In addition, there were no restricted shares excluded for the year ended April 30, 2019. For the years ended April 30, 2018 and 2017, restricted shares of 26,740 and none, respectively, have been excluded as their inclusion would have been anti-dilutive.

Warrants to purchase 242,402 shares of Class A Common Stock have not been included for the year ended April 30, 2019. There were no warrants issued during the years ended April 30, 2018 and 2017.