Net Earnings Per Share

9 Months Ended

Jan. 31, 2017

The following table sets forth the computation of basic and diluted net earnings per share:



	Three Months Ended				Nine Months Ended
	January 31,				January 31,
(in thousands, except per share amounts)	2017		2016		2017		2016
Numerator used in basic and diluted net earnings
per common share:
Net income	$	14,553	$	12,013	$	53,851	$	45,351
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	16,242		16,295		16,267		16,253
Effect of dilutive securities:
Stock options and restricted stock units	140		162		134		198
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	16,381		16,457		16,401		16,450
Net earnings per share
Basic	$	0.90	$	0.74	$	3.31	$	2.79
Diluted	$	0.89	$	0.73	$	3.28	$	2.76

The Company repurchased a total of 38,318 and 67,556 shares of its common stock during the three-month periods ended January 31, 2017 and 2016, respectively, and 178,118 and 176,343 shares of its common stock during the nine-month periods ended January 31, 2017 and 2016, respectively. There were no potentially dilutive securities for the three- and nine-month periods ended January 31, 2017 and 2016, which were excluded from the calculation of net earnings per diluted share.