Reconciliation of Weighted Average Shares Outstanding

6 Months Ended

Oct. 31, 2022

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 October 31,		Six Months Ended October 31,
	2022	2021	2022	2021
Weighted average shares outstanding	55,622	55,806	55,679	55,833
Shares used for basic earnings per share	55,622	55,806	55,679	55,833
Dilutive effect of unvested restricted stock units and other stock awards	573	582	647	644
Shares used for diluted earnings per share	56,195	56,388	56,326	56,477
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	523	1,074	491	1,006

The shares associated with performance-based stock awards ("PSUs") 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.

We included contingently issuable shares using the treasury stock method for certain PSUs in the diluted weighted average number of common shares outstanding based on the number of contingently issuable shares that would be issued assuming the end of our reporting period was the end of the relevant PSU contingency period. The calculation of diluted weighted average shares outstanding related to these PSUs was nominal in the three and six months ended October 31, 2022. The calculation of diluted weighted average shares outstanding in the three and six months ended October 31, 2021 did not include contingently issuable shares related to these PSUs as the performance condition was not met.