Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share (Tables)

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Basic and Diluted Earnings Per Share (Tables)
3 Months Ended
Jul. 31, 2015
Basic and Diluted Earnings per Common Share Attributable to Common Stockholders

The following table summarizes basic and diluted earnings per common share attributable to common stockholders:

 

     Three Months Ended
July 31,
 
     2015      2014  
     (in thousands, except
per share data)
 

Net income

   $ 23,082       $ 14,533   

Less: distributed and undistributed earnings to nonvested restricted stockholders

     224         —     
  

 

 

    

 

 

 

Basic net earnings attributable to common stockholders

     22,858         14,533   

Add: undistributed earnings to nonvested restricted stockholders

     176         —     

Less: reallocation of undistributed earnings to nonvested restricted stockholders

     174         —     
  

 

 

    

 

 

 

Diluted net earnings attributable to common stockholders

     22,860         14,533   
  

 

 

    

 

 

 

Weighted-average common shares outstanding:

     

Basic weighted-average number of common shares outstanding

     49,493         48,703   

Effect of dilutive securities:

     

Restricted stock

     452         756   

Stock options

     66         132   

ESPP

     3         —     
  

 

 

    

 

 

 

Diluted weighted-average number of common shares outstanding

     50,014         49,591   
  

 

 

    

 

 

 

Net earnings per common share:

     

Basic earnings per share

   $ 0.46       $ 0.30   
  

 

 

    

 

 

 

Diluted earnings per share

   $ 0.46       $ 0.29