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Basic and Diluted Earnings Per Share
12 Months Ended
Apr. 30, 2014
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 was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. During fiscal 2014, 2013 and 2012, options to purchase 0.04 million shares, 0.50 million shares and 0.57 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:

 

     Year Ended April 30,  
     2014      2013      2012  
     (in thousands, except per share
data)
 

Net earnings attributable to common stockholders

   $ 72,691       $ 33,293       $ 54,303   
  

 

 

    

 

 

    

 

 

 

Weighted-average common shares outstanding:

        

Basic weighted-average number of common shares outstanding

     48,162         47,224         46,397   

Effect of dilutive securities:

        

Restricted stock

     789         485         582   

Stock options

     194         174         267   

ESPP

     —           —           15   
  

 

 

    

 

 

    

 

 

 

Diluted weighted-average number of common shares outstanding

     49,145         47,883         47,261   
  

 

 

    

 

 

    

 

 

 

Net earnings per common share:

        

Basic earnings per share

   $ 1.51       $ 0.71       $ 1.17   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share

   $ 1.48       $ 0.70       $ 1.15