Net Earnings Per Share

3 Months Ended

Jul. 31, 2018

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



	Three Months Ended
	July 31,
(in thousands, except per share amounts)	2018		2017
Numerator used in basic and diluted net earnings
per common share:
Net income	$	24,767	$	22,281
Denominator:
Denominator for basic net earnings per common
share - weighted-average shares	17,534		16,272
Effect of dilutive securities:
Stock options and restricted stock units	85		83
Denominator for diluted net earnings per common
share - weighted-average shares and assumed
conversions	17,619		16,355
Net earnings per share
Basic	$	1.41	$	1.37
Diluted	$	1.41	$	1.36

The Company repurchased a total of 56,700 shares of its common stock during the three-month period ended July 31, 2017. There were no potentially dilutive securities for the three-month periods ended July 31, 2018 and 2017, which were excluded from the calculation of net earnings per diluted share.