The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three months ended July 31, 2021 and 2020 (in thousands, except per share data):
| For the Three Months Ended |
| |||||
| 2021 |
|
| 2020 |
| ||
Net income |
|
|
|
|
| ||
Income from continuing operations | $ | 76,882 |
|
| $ | 43,301 |
|
Income from discontinued operations |
| — |
|
|
| 5,084 |
|
Net income | $ | 76,882 |
|
| $ | 48,385 |
|
Weighted average shares outstanding — Basic |
| 48,394 |
|
|
| 55,494 |
|
Effect of dilutive stock awards |
| 656 |
|
| 783 |
| |
Weighted average shares outstanding — Diluted |
| 49,050 |
|
|
| 56,277 |
|
Earnings per share — Basic |
|
|
|
|
| ||
Income from continuing operations | $ | 1.59 |
|
| $ | 0.78 |
|
Income from discontinued operations | — |
|
| $ | 0.09 |
| |
Net income | $ | 1.59 |
|
| $ | 0.87 |
|
Earnings per share — Diluted |
|
|
|
|
| ||
Income from continuing operations | $ | 1.57 |
|
| $ | 0.77 |
|
Income from discontinued operations | — |
|
| $ | 0.09 |
| |
Net income | $ | 1.57 |
|
| $ | 0.86 |
|
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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