Reconciliation of Weighted Average Shares Outstanding

6 Months Ended

Oct. 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 October 31,					Six Months Ended October 31,
	2020		2019			2020			2019
Weighted average shares outstanding		56,005		56,339			55,961			56,451
Less: Unvested restricted shares		—		(13	)		(2	)		(20	)
Shares used for basic earnings per share		56,005		56,326			55,959			56,431
Dilutive effect of unvested restricted stock units and other stock awards		160		338			223			360
Shares used for diluted earnings per share		56,165		56,664			56,182			56,791

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 184,193 shares of Class A Common Stock have been excluded for both the three and six months ended October 31, 2020, respectively and 212,094 shares of Class A Common Stock have been excluded for both the three and six months ended October 31, 2019, respectively.

There were no restricted shares excluded in the calculation of diluted earnings per share for the three and six months ended October 31, 2020 and 2019.

Warrants to purchase 534,052 shares of Class A Common Stock have been excluded for both the three and six months ended October 31, 2020, respectively as their inclusion would have been anti-dilutive. Warrants to purchase 515,114 shares of Class A Common Stock have been excluded for both the three and six months ended October 31, 2019, respectively as their inclusion would have been anti-dilutive.