Reconciliation of Weighted Average Shares Outstanding

6 Months Ended

Oct. 31, 2021

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 (shares in thousands):

	Three Months Ended October 31,				Six Months Ended October 31,
	2021		2020		2021		2020
Weighted average shares outstanding		55,806		56,005		55,833		55,961
Less: Unvested restricted shares		—		—		—		(2	)
Shares used for basic earnings per share		55,806		56,005		55,833		55,959
Dilutive effect of unvested restricted stock units and other stock awards		582		160		644		223
Shares used for diluted earnings per share		56,388		56,165		56,477		56,182
Antidilutive options to purchase Class A common shares, restricted shares, warrants to purchase Class A common shares, and contingently issuable restricted stock which are excluded from the table above		1,074		1,223		1,006		1,318

The shares associated with performance-based stock awards are considered contingently issuable shares and will be included in the diluted weighted average number of common shares outstanding when they have met the performance conditions, and when their effect is dilutive.