| Earnings Per Share We compute basic earnings per share by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per common and potential common shares include the weighted-average of additional shares associated with the incremental effect of dilutive employee stock options, non-vested restricted stock as determined using the treasury stock method prescribed by U.S. GAAP and contingent shares associated with performance share awards, if dilutive. Basic and diluted earnings per share for the three and six months ended April 30, 2025 and 2024 were calculated as follows (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | Net (Loss) Income | | Weighted-Average Shares | | Per Share | | Three Months Ended April 30, 2025 | | | | | | | Basic earnings per common share | $ | 20,515 | | | 46,483 | | | $ | 0.44 | | | Effect of dilutive securities: | | | | | | | Stock options | — | | | — | | | — | | | Restricted stock awards | — | | | 60 | | | — | | | | | | | | | Performance restricted stock units | — | | | 20 | | | — | | | Diluted earnings per common share | $ | 20,515 | | | 46,563 | | | $ | 0.44 | | | Three Months Ended April 30, 2024 | | | | | | | Basic earnings per common share | $ | 15,377 | | | 32,870 | | | $ | 0.47 | | | Effect of dilutive securities: | | | | | | | Stock options | — | | | 37 | | | — | | | Restricted stock awards | — | | | 130 | | | — | | | | | | | | | Performance restricted stock units | — | | | 66 | | | — | | | Diluted earnings per common share | $ | 15,377 | | | 33,103 | | | $ | 0.46 | | | Six Months Ended April 30, 2025 | | | | | | | Basic and diluted loss per common share | $ | 5,630 | | | 46,753 | | | $ | 0.12 | | | Effect of dilutive securities: | | | | | | | Stock options | — | | | 11 | | | — | | | Restricted stock awards | — | | | 84 | | | — | | | | | | | | | Performance restricted stock units | — | | | 20 | | | — | | | Diluted earnings per common share | $ | 5,630 | | | 46,868 | | | $ | 0.12 | | | Six Months Ended April 30, 2024 | | | | | | | Basic earnings per common share | $ | 21,626 | | | 32,847 | | | $ | 0.66 | | | Effect of dilutive securities: | | | | | | | Stock options | — | | | 37 | | | — | | | Restricted stock awards | — | | | 126 | | | — | | | | | | | | | Performance restricted stock units | — | | | 66 | | | — | | | Diluted earnings per common share | $ | 21,626 | | | 33,076 | | | $ | 0.65 | |
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