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Stockholders' Equity (Tables)

3 Months Ended

Jul. 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 months ended July 31, 2021 and 2020 (in thousands, except per share data):

	For the Three Months Ended July 31,
	2021				2020
Net income
Income from continuing operations	$	76,882			$	43,301
Income from discontinued operations		—				5,084
Net income	$	76,882			$	48,385
Weighted average shares outstanding — Basic		48,394				55,494
Effect of dilutive stock awards		656			783
Weighted average shares outstanding — Diluted		49,050				56,277
Earnings per share — Basic
Income from continuing operations	$	1.59			$	0.78
Income from discontinued operations	—				$	0.09
Net income	$	1.59			$	0.87
Earnings per share — Diluted
Income from continuing operations	$	1.57			$	0.77
Income from discontinued operations	—				$	0.09
Net income	$	1.57			$	0.86

Summary of Activity for Unvested RSUs and PSUs

A summary of activity for unvested RSUs and PSUs for the three months ended July 31, 2021 and 2020 is as follows:

		For the Three Months Ended July 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			995,879			$	10.65				1,313,974			$	11.54
Awarded			243,543		(a)		16.45				27,130				21.02
Vested			(115,763	)			13.42				(212,232	)			15.76
Forfeited			(1,502	)			12.07				(71,762	)			21.64
RSUs and PSUs outstanding, end of period			1,122,157			$	11.62				1,057,110			$	10.25

——————————

(a)Includes 43,200 PSUs vested in connection with achieving maximum performance targets for the 2018 grant.

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- References

No definition available.

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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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

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