Reconciliation of Weighted Average Shares Outstanding

3 Months Ended

Jul. 31, 2021

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 (shares in thousands):

	Three Months Ended July 31,
	2021		2020
Weighted average shares outstanding		55,869		55,916
Less: Unvested restricted shares		—		(4	)
Shares used for basic earnings per share		55,869		55,912
Dilutive effect of unvested restricted stock units and other stock awards		730		281
Shares used for diluted earnings per share		56,599		56,193
Antidilutive options to purchase Class A common shares, restricted shares, warrants to purchase Class A common shares, and contingently issuable restricted stock which are excluded from the table above		930		1,086

The shares associated with performance-based stock awards are considered contingently issuable shares and will be included in the diluted weighted average number of common shares outstanding when they have met the performance conditions and when their effect is dilutive.