Net Income Per Common Share

12 Months Ended

Apr. 30, 2020

Earnings Per Share [Abstract]

Net Income Per Common Share

NET INCOME PER COMMON SHARE

Computations for basic and diluted earnings per common share are presented below:

	Years ended April 30,
	2020		2019		2018
Basic
Net income	$	263,846	$	203,886	$	317,903
Weighted average shares outstanding-basic	36,956,115		36,709,940		37,778,304
Basic earnings per common share	$	7.14	$	5.55	$	8.41
Diluted
Net income	$	263,846	$	203,886	$	317,903
Weighted-average shares outstanding-basic	36,956,115		36,709,940		37,778,304
Plus effect of stock options and restricted stock units	229,713		265,447		353,795
Weighted-average shares outstanding-diluted	37,185,828		36,975,387		38,132,099
Diluted earnings per common share	$	7.10	$	5.51	$	8.34

There were no options considered antidilutive; therefore, all options were included in the computation of dilutive earnings per share for fiscal 2020, 2019, and fiscal 2018, respectively.