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Reconciliation of Weighted Average Shares Outstanding

9 Months Ended

Jan. 31, 2020

Reconciliation of Weighted Average Shares Outstanding [Abstract]

Reconciliation of Weighted Average Shares Outstanding

Note 8 — Reconciliation of Weighted Average Shares Outstanding

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

	Three Months Ended January 31,						Nine Months Ended January 31,
	2020			2019			2020			2019
Weighted average shares outstanding		56,083			57,200			56,328			57,383
Less: Unvested restricted shares		(10	)		(42	)		(16	)		(53	)
Shares used for basic earnings per share		56,073			57,158			56,312			57,330
Dilutive effect of unvested restricted stock units and other stock awards		430			468			386			552
Shares used for diluted earnings per share		56,503			57,626			56,698			57,882

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 209,394 shares of Class A Common Stock have been excluded for both the three and nine months ended January 31, 2020, respectively and 154,385 shares of Class A Common Stock have been excluded for the three and nine months ended January 31, 2019, respectively.

Warrants to purchase 518,750 shares of Class A Common Stock have not been included for both the three and nine months ended January 31, 2020, respectively. Warrants to purchase 470,000 and 158,148 shares of Class A Common Stock have not been included for the three and nine months ended January 31, 2019, respectively.