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Stockholders' Equity (Tables) | 9 Months Ended
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Jan. 31, 2021
Equity [Abstract] |
Reconciliation of Net Income 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 amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three and nine months ended January 31, 2021 and 2020 (in thousands, except per share data):
|  | For the Three Months Ended January 31, |  |  | For the Nine Months Ended January 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net income/(loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 62,263 |  |  | $ | 4,227 |  |  | $ | 154,679 |  |  | $ | 6,755 |
Income/(loss) from discontinued operations |  |  | 127 |  |  |  | 1,504 |  |  |  | 8,334 |  |  |  | (1,839 | )
Net income |  | $ | 62,390 |  |  | $ | 5,731 |  |  | $ | 163,013 |  |  | $ | 4,916 |
Weighted average shares outstanding — Basic |  |  | 55,137 |  |  |  | 55,064 |  |  |  | 55,515 |  |  |  | 54,919 |
Effect of dilutive stock awards |  |  | 565 |  |  |  | 680 |  |  |  | 743 |  |  | 722 |
Weighted average shares outstanding — Diluted |  |  | 55,702 |  |  |  | 55,744 |  |  |  | 56,258 |  |  |  | 55,641 |
Earnings/(loss) per share — Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 1.13 |  |  | $ | 0.08 |  |  | $ | 2.79 |  |  | $ | 0.12 |
Income/(loss) from discontinued operations |  | — |  |  | $ | 0.02 |  |  | $ | 0.15 |  |  | $ | (0.03 | )
Net income |  | $ | 1.13 |  |  | $ | 0.10 |  |  | $ | 2.94 |  |  | $ | 0.09 |
Earnings/(loss) per share — Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 1.12 |  |  | $ | 0.08 |  |  | $ | 2.75 |  |  | $ | 0.12 |
Income/(loss) from discontinued operations |  | — |  |  | $ | 0.02 |  |  | $ | 0.15 |  |  | $ | (0.03 | )
Net income |  | $ | 1.12 |  |  | $ | 0.10 |  |  | $ | 2.90 |  |  | $ | 0.09 |
Share Based Compensation Stock Options Activity | The number of shares and weighted average exercise prices of stock options for the nine months ended January 31, 2021 and 2020 were as follows:
|  | For the Nine Months Ended January 31, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  | Average |  |  |  |  |  |  | Average |
|  | Shares |  |  | Exercise Price |  |  | Shares |  |  | Exercise Price |
Options outstanding, beginning of year |  |  | 200,667 |  |  | $ | 7.67 |  |  |  | 267,761 |  |  | $ | 6.76 |
Exercised during the period |  |  | (200,667 | ) |  |  | 7.67 |  |  |  | (15,000 | ) |  |  | 5.79 |
Canceled/forfeited during period |  | — |  |  | — |  |  |  | (160,667 | ) |  |  | 8.89 |
Options outstanding, end of period |  | — |  |  | — |  |  |  | 92,094 |  |  | $ | 3.22 |
Weighted average remaining contractual life |  | — |  |  |  |  |  |  | 0.45 years |  |  |  |  |
Options exercisable, end of period |  | — |  |  | — |  |  |  | 92,094 |  |  | $ | 3.22 |
Weighted average remaining contractual life |  | — |  |  |  |  |  |  | 0.45 years |  |  |  |  |
Summary of Activity for Unvested RSUs and PSUs | A summary of activity for unvested RSUs and PSUs for the nine months ended January 31, 2021 and 2020 is as follows:
|  | For the Nine Months Ended January 31, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | 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 |  |  | $ | 11.65 |  |  |  | 1,631,631 |  |  | $ | 15.44 |
Awarded |  |  | 270,315 |  |  |  | 16.54 |  |  |  | 255,911 |  |  |  | 7.55 |
Vested |  |  | (404,608 | ) |  |  | 14.61 |  |  |  | (249,408 | ) |  |  | 17.53 |
Forfeited |  |  | (180,719 | ) |  |  | 15.19 |  |  |  | (603,344 | ) |  |  | 15.40 |
RSUs and PSUs outstanding, end of period |  |  | 998,962 |  |  | $ | 11.13 |  |  |  | 1,034,790 |  |  | $ | 13.01 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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