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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2019
Revenue, net $ 1,941,501 $ 1,831,483 $ 1,800,069
Costs and expenses      
Cost of sales 625,335 591,024 554,722
Operating and administrative expenses 1,022,660 997,355 963,582
Impairment of goodwill and intangible assets 0 202,348 0
Restructuring and related charges [1] 33,310 32,607 3,118
Amortization of intangible assets 74,685 62,436 54,658
Total costs and expenses 1,755,990 1,885,770 1,576,080
Operating income (loss) 185,511 (54,287) 223,989
Interest expense (18,383) (24,959) (16,121)
Foreign exchange transaction (losses) gains (7,977) 2,773 (6,016)
Other income 16,761 13,381 11,100
Income (loss) before taxes 175,912 (63,092) 212,952
Provision for income taxes 27,656 11,195 44,689
Net income (loss) $ 148,256 $ (74,287) $ 168,263
Earnings (loss) per share:      
Basic (in dollars per share) $ 2.65 [2] $ (1.32) [2],[3] $ 2.94
Diluted (in dollars per share) $ 2.63 [2] $ (1.32) [2],[3] $ 2.91
Weighted average number of common shares outstanding:      
Basic (in shares) 55,930 56,209 57,192
Diluted (in shares) 56,461 56,209 57,840
[1] See Note 7, “Restructuring and Related Charges” and Note 11, “Goodwill and Intangible Assets” for these charges by segment.
[2] The sum of the quarterly earnings (loss) per share amounts may not agree to the respective annual amounts due to rounding.
[3] In calculating diluted earnings (loss) per common share for the fourth quarter and year ended April 30, 2020, our diluted weighted average number of common shares outstanding excludes the effect of unvested restricted stock units and other stock awards as the effect was anti-dilutive. This occurs when a US GAAP net loss is reported and the effect of using dilutive shares is antidilutive.