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Earnings Per Share
3 Months Ended
Jul. 31, 2020
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 118,696 and 30,360 antidilutive RSUs and options outstanding at July 31, 2020 and July 31, 2019, respectively. The following is a reconciliation of basic to diluted weighted average common shares outstanding at July 31 (in thousands):
 
 
2020
 
2019
 
 
 
 
 
 
 
Basic
 
2,756

 
 
2,750

 
 
Dilutive effect of stock options and RSUs
 

 
 
21

 
 
Weighted average common shares outstanding - diluted
 
2,756

 
 
2,771