v3.24.2.u1
Earnings per Share (Tables)
 3 Months Ended
Jul. 31, 2024
Earnings Per Share [Abstract]  
Computation of basic earnings per common share under two-class method
The following table sets forth the computation of basic and diluted earnings per share under the two-class method.
 Three Months Ended July 31,
 20242023
Net income$185.0 $183.6 
Less: Net income allocated to participating securities— 0.1 
Net income allocated to common stockholders$185.0 $183.5 
Weighted-average common shares outstanding106.3 102.4 
Add: Dilutive effect of stock options— 0.1 
Weighted-average common shares outstanding – assuming dilution106.3 102.5 
Net income per common share$1.74 $1.79 
Net income per common share – assuming dilution$1.74 $1.79 
Computation of diluted earnings per common share under two-class method
The following table sets forth the computation of basic and diluted earnings per share under the two-class method.
 Three Months Ended July 31,
 20242023
Net income$185.0 $183.6 
Less: Net income allocated to participating securities— 0.1 
Net income allocated to common stockholders$185.0 $183.5 
Weighted-average common shares outstanding106.3 102.4 
Add: Dilutive effect of stock options— 0.1 
Weighted-average common shares outstanding – assuming dilution106.3 102.5 
Net income per common share$1.74 $1.79 
Net income per common share – assuming dilution$1.74 $1.79 
Computation of diluted earnings per common share under treasury stock method
The following table sets forth the computation of diluted earnings per share under the treasury stock method.
Three Months Ended July 31,
20242023
Net income$185.0 $183.6 
Weighted-average common shares outstanding – assuming dilution:
Weighted-average common shares outstanding106.3 102.4 
Add: Dilutive effect of stock options— 0.1 
Add: Dilutive effect of restricted shares, restricted stock units, and performance units0.2 0.3 
Weighted-average common shares outstanding – assuming dilution106.5 102.8 
Net income per common share – assuming dilution$1.74 $1.79