Note H - Weighted Average Shares Outstanding

6 Months Ended

Oct. 31, 2015

Weighted Average Shares Outstanding [Text Block]

H – Weighted Average Shares Outstanding

Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows:

	Three Months Ended October 31,				Six Months Ended October 31,
	2015		2014		2015		2014
Weighted average shares outstanding-basic		8,471,918		8,604,003		8,492,679		8,660,173
Dilutive options and restricted stock		-		418,434		360,942		422,577
Weighted average shares outstanding-diluted		8,471,918		9,022,437		8,853,621		9,082,750
Antidilutive securities not included:
Options		251,000		89,000		254,500		79,500
Restricted stock		9,500		-		4,750		-

For the three months ended October 31, 2015, additional employee stock options to purchase 325,729 shares of common stock were excluded from the computation of diluted net loss per share as their effect would be anti-dilutive.