Reconciliation of Weighted Average Shares Outstanding

3 Months Ended

Jul. 31, 2020

Reconciliation of Weighted Average Shares Outstanding [Abstract]

Reconciliation of Weighted Average Shares Outstanding

Note 8 — Reconciliation of Weighted Average Shares Outstanding

A reconciliation of the shares used in the computation of earnings per share follows:

	Three Months Ended July 31,
	2020			2019
Weighted average shares outstanding		55,916			56,564
Less: Unvested restricted shares		(4	)		(28	)
Shares used for basic earnings per share		55,912			56,536
Dilutive effect of unvested restricted stock units and other stock awards		281			369
Shares used for diluted earnings per share		56,193			56,905

Since their inclusion in the calculation of diluted earnings per share would have been anti-dilutive, options to purchase 201,743 and 252,704 shares of Class A Common Stock have been excluded for the three months ended July 31, 2020 and 2019, respectively.

There were no restricted shares excluded in the calculation of diluted earnings per share for the three months ended July 31, 2020 and 2019.

Warrants to purchase 528,452 and 511,094 shares of Class A Common Stock have been excluded in the calculation of diluted earnings per share for the three months ended July 31, 2020 and 2019, respectively as their inclusion would have been anti-dilutive.