Stockholders' Equity (Tables)

6 Months Ended

Oct. 31, 2019

Reconciliation of Net Income/(Loss) Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings per Share

The following table provides a reconciliation of the net income/(loss) amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three and six months ended October 31, 2019 and 2018 (in thousands, except per share data):

	For the Three Months Ended October 31,
	2019								2018
	Net					Per Share			Net					Per Share
	Income			Shares		Amount			Income			Shares		Amount
Basic earnings	$		1,293		54,912	$		0.02	$		6,665		54,444	$		0.12
Effect of dilutive stock awards		—			512		—			—		663			—
Diluted earnings	$		1,293		55,424	$		0.02	$		6,665		55,107	$		0.12

	For the Six Months Ended October 31,
	2019										2018
	Net						Per Share				Net					Per Share
	Loss				Shares		Amount				Income			Shares		Amount
Basic earnings	$		(815	)		54,847	$		(0.01	)	$		14,310		54,395	$		0.26
Effect of dilutive stock awards		—			—			—				—			652		—
Diluted earnings	$		(815	)		54,847	$		(0.01	)	$		14,310		55,047	$		0.26

Share Based Compensation Stock Options Activity

The number of shares and weighted average exercise prices of stock options for the three and six months ended October 31, 2019 and 2018 were as follows:

	For the Six Months Ended October 31,
	2019					2018
				Weighted					Weighted
				Average					Average
	Shares			Exercise Price		Shares			Exercise Price
Options outstanding, beginning of year		267,761		$	6.76		316,160		$	6.69
Exercised during the period		(15,000	)		5.79		(32,899	)		6.52
Options outstanding, end of period		252,761		$	6.82		283,261		$	6.71
Weighted average remaining contractual life	1.97 years					2.74 years
Options exercisable, end of period		252,761		$	6.82		283,261		$	6.71
Weighted average remaining contractual life	1.97 years					2.74 years

Summary of Activity for Unvested RSUs and PSUs

A summary of activity for unvested RSUs and PSUs for the six months ended October 31, 2019 and 2018 is as follows:

	For the Six Months Ended October 31,
	2019					2018
				Weighted					Weighted
	Total # of			Average		Total # of			Average
	Restricted			Grant Date		Restricted			Grant Date
	Stock Units			Fair Value		Stock Units			Fair Value
RSUs and PSUs outstanding, beginning of period		1,631,631		$	15.44		1,442,316		$	17.80
Awarded		252,911			7.54		191,085			12.61
Vested		(236,489	)		17.62		(182,536	)		19.83
Forfeited		(224,179	)		18.04		(128,363	)		15.91
RSUs and PSUs outstanding, end of period		1,423,874		$	13.26		1,322,502		$	16.99