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Net Earnings Per Share | 9 Months Ended
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Jan. 31, 2020
Earnings Per Share [Abstract] |
Net Earnings Per Share | Net Earnings Per Share The following table sets forth the computation of basic and diluted net earnings per share:
|  | Three Months Ended |  | Nine Months Ended
|  | January 31, |  | January 31,
(in thousands, except per share amounts) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Numerator used in basic and diluted net earnings |  |  |  |  |  |  |  |
per common share: |  |  |  |  |  |  |  |
Net income |  | $ | 12,804 |  |  | $ | 18,409 |  |  | $ | 61,848 |  |  | $ | 61,664 |
Denominator: |  |  |  |  |  |  |  |
Denominator for basic net earnings per common |  |  |  |  |  |  |  |
share - weighted-average shares |  | 16,922 |  |  | 17,186 |  |  | 16,902 |  |  | 17,425 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options and restricted stock units |  | 53 |  |  | 30 |  |  | 45 |  |  | 42 |
Denominator for diluted net earnings per common |  |  |  |  |  |  |  |
share - weighted-average shares and assumed |  |  |  |  |  |  |  |
conversions |  | 16,975 |  |  | 17,216 |  |  | 16,947 |  |  | 17,467 |
Net earnings per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.76 |  |  | $ | 1.07 |  |  | $ | 3.66 |  |  | $ | 3.54 |
Diluted |  | $ | 0.75 |  |  | $ | 1.07 |  |  | $ | 3.65 |  |  | $ | 3.53 |
The Company repurchased a total of 439,081 and 628,714 shares of its common stock during the three- and nine-month periods ended January 31, 2019, respectively. There were no shares repurchased during the three- and nine-month periods ended January 31, 2020. There were no potentially dilutive securities for the three- and nine-month periods ended January 31, 2020, which were excluded from the calculation of net earnings per diluted share. An immaterial amount of potentially dilutive securities for the three- and nine-month periods ended January 31, 2019 were excluded from the calculation of net earnings per diluted share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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