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Stockholders' Equity (Tables)

9 Months Ended

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 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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