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Earnings Per Share

3 Months Ended

Jul. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share is based on the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the assumed exercise of outstanding options and the conversion of restricted stock units (“RSUs”) under the Company’s various stock compensation plans, except when RSUs and options have an antidilutive effect. There were 30,360 antidilutive RSUs and options outstanding at July 31, 2019. There were no antidilutive RSUs or options outstanding at July 31, 2018. The following is a reconciliation of basic to diluted weighted average common shares outstanding at July 31 (in thousands):

		2019				2018
Basic		2,750				2,736
Dilutive effect of stock options and RSUs		21				68
Weighted average common shares outstanding - diluted		2,771				2,804

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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