Quarterly report pursuant to Section 13 or 15(d)

Basic And Diluted Earnings Per Share

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Basic And Diluted Earnings Per Share
 9 Months Ended
Jan. 31, 2012
Basic And Diluted Earnings Per Share [Abstract]  
Basic And Diluted Earnings Per Share
2. Basic and Diluted Earnings Per Share

Basic earnings per common share was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share reflects the potential dilution that would occur if all in-the-money outstanding options or other contracts to issue common stock were exercised or converted and was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. During both the three and nine months ended January 31, 2012, SARs and options to purchase 0.6 million shares, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive. During the three and nine months ended January 31, 2011, SARs and options to purchase 0.04 million shares and 0.8 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.

The following table summarizes basic and diluted earnings per share calculations:

 

     Three Months Ended
January 31,		      Nine Months Ended
January 31,		  
     2012      2011      2012      2011  
     (in thousands, except per share data)  

Net earnings attributable to common stockholders

    $ 11,717       $ 13,975       $ 42,275       $ 38,535   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average common shares outstanding:

            

Basic weighted-average number of common shares outstanding

      46,528         45,349         46,332         45,040   

Effect of dilutive securities:

            

Restricted stock

      567         791         567         604   

Stock options

      250         579         279         378   

ESPP

      —           1         15         4   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted-average number of common shares outstanding

      47,345         46,720         47,193         46,026   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net earnings per common share:

            

Basic earnings per share

    $ 0.25       $ 0.31       $ 0.91       $ 0.86   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.25       $ 0.30       $ 0.90       $ 0.84