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EARNINGS PER SHARE
6 Months Ended
Oct. 31, 2024
EARNINGS PER SHARE  
EARNINGS PER SHARE

(12) EARNINGS PER SHARE

Earnings per share – basic is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding during the period includes shares issuable upon settlement of deferred stock units but does not include unvested shares of restricted common stock or shares issuable upon the exercise of stock options. The components of earnings per share – basic are as follows (amounts in thousands, except per share amounts):

    

Three Months Ended

    

Six Months Ended

October 31,

October 31,

2024

    

2023

2024

    

2023

Numerator:

  

 

  

  

 

  

Net income

$

4,042

$

1,108

$

8,106

$

2,454

Denominator:

 

  

 

  

 

  

 

  

Weighted average number of common shares outstanding – basic

 

5,320

 

5,301

 

5,314

 

5,296

Earnings per share – basic

$

0.76

$

0.21

$

1.53

$

0.46

Earnings per share – diluted is calculated by dividing net income by the sum of (1) the weighted-average number of common shares outstanding during the period plus (2) the dilutive effects of unvested shares of restricted common stock, shares issuable upon the exercise of stock options that are in-the-money and other potentially dilutive instruments. The components of earnings per share – diluted are as follows (amounts in thousands, except per share amounts):

    

Three Months Ended

    

Six Months Ended

October 31,

October 31,

2024

    

2023

2024

    

2023

Numerator:

 

  

 

  

 

  

 

  

Net income

$

4,042

 

$

1,108

$

8,106

 

$

2,454

Denominator:

Weighted average number of common shares outstanding – basic

5,320

5,301

5,314

5,296

Dilutive effect of shares of restricted common stock

32

32

16

23

Dilutive effect of shares issuable upon the exercise of stock options that are in-the-money

22

6

37

14

Weighted average number of common shares outstanding – diluted

5,374

5,339

5,367

5,333

Earnings per share – diluted

$

0.75

 

$

0.21

$

1.51

 

$

0.46