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Stockholders' Equity (Tables)

6 Months Ended

Oct. 31, 2020

Equity [Abstract]

Reconciliation of Net Income/(Loss) Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings/(Loss) 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/(loss) per share for the three and six months ended October 31, 2020 and 2019 (in thousands, except per share data):

		For the Three Months Ended October 31,								For the Six Months Ended October 31,
		2020				2019				2020				2019
Net income/(loss)
Income from continuing operations		$	49,118			$	343			$	92,417			$	2,528
Income/(loss) from discontinued operations			3,123				950				8,209				(3,343	)
Net income/(loss)		$	52,241			$	1,293			$	100,626			$	(815	)
Weighted average shares outstanding — Basic			55,914				54,912				55,691				54,847
Effect of dilutive stock awards			617				512				784			—
Weighted average shares outstanding — Diluted			56,531				55,424				56,475				54,847
Earnings/(loss) per share — Basic
Income from continuing operations		$	0.88			$	0.01			$	1.66			$	0.05
Income/(loss) from discontinued operations		$	0.05			$	0.01			$	0.15			$	(0.06	)
Net income/(loss)		$	0.93			$	0.02			$	1.81			$	(0.01	)
Earnings/(loss) per share — Diluted
Income from continuing operations		$	0.87			$	0.01			$	1.64			$	0.05
Income/(loss) from discontinued operations		$	0.05			$	0.01			$	0.14			$	(0.06	)
Net income/(loss)		$	0.92			$	0.02			$	1.78			$	(0.01	)

Share Based Compensation Stock Options Activity

The number of shares and weighted average exercise prices of stock options for the six months ended October 31, 2020 and 2019 were as follows:

		For the Six Months Ended October 31,
		2020								2019
						Weighted								Weighted
						Average								Average
		Shares				Exercise Price				Shares				Exercise Price
Options outstanding, beginning of year			200,667			$	7.70				267,761			$	6.76
Exercised during the period			(190,667	)			7.96				(15,000	)			5.79
Options outstanding, end of period			10,000			$	2.15				252,761			$	6.82
Weighted average remaining contractual life		0.90 years								1.97 years
Options exercisable, end of period			10,000			$	2.15				252,761			$	6.82
Weighted average remaining contractual life		0.90 years								1.97 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, 2020 and 2019 is as follows:

		For the Six Months Ended October 31,
		2020								2019
						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			1,313,974			$	11.54				1,631,631			$	15.44
Awarded			270,315				13.93				252,911				7.54
Vested			(381,946	)			14.89				(236,489	)			17.62
Forfeited			(178,241	)			15.27				(224,179	)			18.04
RSUs and PSUs outstanding, end of period			1,024,102			$	15.27				1,423,874			$	13.26

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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