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Income Per Share
 6 Months Ended
Oct. 18, 2015
Earnings Per Share [Abstract]  
Income Per Share
Income Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share of common stock:
 
For the transitional Twelve Weeks Ended
 
For the Thirteen Weeks Ended
 
For the transitional Twenty-Five Weeks Ended
 
For the Twenty-Six Weeks Ended
 
October 18, 2015
 
October 24, 2014
 
October 18, 2015
 
October 24, 2014
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
(25,091,348
)
 
$
17,273,190

 
$
(12,672,180
)
 
$
30,792,012

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Basic weighted average shares outstanding
26,024,857

 
26,574,687

 
26,009,844

 
26,636,238

Add effects of stock options (1)
—

 
217,184

 
—

 
229,276

Diluted weighted average shares outstanding
26,024,857

 
26,791,871

 
26,009,844

 
26,865,514

Basic income (loss) per share
$
(0.96
)
 
$
0.65

 
$
(0.49
)
 
$
1.16

Diluted income (loss) per share
$
(0.96
)
 
$
0.64

 
$
(0.49
)
 
$
1.15

(1)
Excluded from the computation of diluted EPS for the twelve weeks and twenty-five weeks ended October 18, 2015 were outstanding options to purchase 179,000 and 190,000 common shares because to include them would have been anti-dilutive due to the net losses. Excluded from the computation of diluted EPS for the thirteen and twenty-six weeks ended October 24, 2014 were outstanding options to purchase 94,000 and 62,000 common shares.