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Stockholders' Equity (Tables)
6 Months Ended
Oct. 31, 2023
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 October 31, 2023 and 2022 (in thousands, except per share data):

 

For the Three Months Ended October 31,

 

 

2023

 

 

2022

 

 

Net

 

 

 

 

 

Per Share

 

 

Net

 

 

 

 

 

Per Share

 

 

Income

 

 

Shares

 

 

Amount

 

 

Income

 

 

Shares

 

 

Amount

 

Basic earnings

$

 

2,498

 

 

 

45,977

 

 

$

 

0.05

 

 

$

 

9,648

 

 

 

45,815

 

 

$

 

0.21

 

Effect of dilutive stock awards

 

 

 

 

384

 

 

 

 

 

 

 

 

 

291

 

 

 

 

Diluted earnings

$

 

2,498

 

 

 

46,361

 

 

$

 

0.05

 

 

$

 

9,648

 

 

 

46,106

 

 

$

 

0.21

 

 

 

For the Six Months Ended October 31,

 

 

2023

 

 

2022

 

 

Net

 

 

 

 

 

Per Share

 

 

Net

 

 

 

 

 

Per Share

 

 

Income

 

 

Shares

 

 

Amount

 

 

Income

 

 

Shares

 

 

Amount

 

Basic earnings

$

 

5,616

 

 

 

46,042

 

 

$

 

0.12

 

 

$

 

12,960

 

 

 

45,777

 

 

$

 

0.28

 

Effect of dilutive stock awards

 

 

 

416

 

 

 

 

 

 

 

 

 

327

 

 

 

 

Diluted earnings

$

 

5,616

 

 

 

46,458

 

 

$

 

0.12

 

 

$

 

12,960

 

 

 

46,104

 

 

$

 

0.28

 

Summary of Activity for Unvested RSUs and PSUs

A summary of activity for unvested RSUs and PSUs for the six months ended October 31, 2023 and 2022 is as follows:

 

 

For the Six Months Ended October 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

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

 

 

932,705

 

 

$

13.14

 

 

 

827,930

 

 

$

13.30

 

Awarded

 

 

533,940

 

 

 

12.07

 

 

 

423,754

 

(a)

 

13.53

 

Released

 

 

(276,977

)

 

 

11.43

 

 

 

(281,135

)

 

 

13.88

 

Forfeited

 

 

(171,387

)

 

 

10.69

 

 

 

(3,996

)

 

 

15.23

 

RSUs and PSUs outstanding, end of period

 

 

1,018,281

 

 

$

13.47

 

 

 

966,553

 

 

$

13.23

 

 

(a)
Includes 43,200 PSUs vested during the six months ended October 31, 2023, in connection with achieving maximum performance targets for the 2019.