Note H - Weighted Average Shares Outstanding

9 Months Ended

Jan. 31, 2016

Notes to Financial Statements

Weighted Average Shares Outstanding [Text Block]

H – Weighted Average Shares Outstanding

Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2016		2015		2016		2015
Weighted average shares outstanding-basic		8,367,728		8,587,761		8,451,029		8,636,036
Dilutive options and restricted stock		248,029		448,325		323,305		431,159
Weighted average shares outstanding-diluted		8,615,757		9,036,086		8,774,334		9,067,195
Antidilutive securities not included:
Options		373,000		74,000		294,000		77,667
Restricted stock		9,500		-		6,333		-