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Reconciliation of Weighted Average Shares Outstanding
 6 Months Ended
Oct. 31, 2024
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Shares Outstanding Reconciliation of Weighted Average Shares Outstanding
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share further includes any common shares available to be issued upon the exercise of unvested, outstanding restricted stock units and other stock awards if such inclusions would be dilutive. The shares associated with performance-based stock awards are considered contingently issuable shares and are included in the diluted weighted average number of common shares outstanding based on when they have met the performance conditions, and when their effect is dilutive. We determine the potentially dilutive common shares for all awards using the treasury stock method.
A reconciliation of the shares used in the computation of earnings (loss) per share follows (shares in thousands):
Three Months Ended
October 31, 		Six Months Ended
October 31,
2024202320242023
Weighted average shares outstanding54,19155,10254,28455,186
Shares used for basic earnings (loss) per share54,19155,10254,28455,186
Dilutive effect of unvested restricted stock units and other stock awards659—644—
Shares used for diluted earnings (loss) per share54,85055,10254,92855,186
Antidilutive options to purchase Class A common shares, restricted shares, and contingently issuable restricted stock which are excluded from the table above581773598819
In calculating diluted net loss per common share for the three and six months ended October 31, 2023 our diluted weighted average number of common shares outstanding excludes the effect of unvested restricted stock units and other stock awards as the effect was antidilutive. This occurs when a net loss is reported and the effect of using dilutive shares is antidilutive.