Earnings per Share

6 Months Ended

Oct. 26, 2024

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share:


	Quarter Ended				Six Months Ended
(Unaudited, amounts in thousands, except per share data)	10/26/2024		10/28/2023		10/26/2024		10/28/2023
Numerator (basic and diluted):


Net income available to common Shareholders	$	30,037	$	27,199	$	56,196	$	54,678

Denominator:
Basic weighted average common shares outstanding	41,708		43,008		41,880		43,123
Contingent common shares	270		296		261		289
Stock option dilution	176		97		175		67
Diluted weighted average common shares outstanding	42,154		43,401		42,316		43,479

Earnings per Share:
Basic	$	0.72	$	0.63	$	1.34	$	1.27
Diluted (1)	$	0.71	$	0.63	$	1.33	$	1.26

(1)Diluted earnings per share was computed using the treasury stock method.

The values for contingent common shares set forth above reflect the dilutive effect of common shares that we would have issued to employees under the terms of performance-based share awards if the relevant performance period for the award had been the reporting period.

We exclude the effect of options from our diluted share calculation when the weighted average exercise price of the options is higher than the average market price, since including the options' effect would be anti-dilutive. For the second quarter and six months ended October 26, 2024, we did not exclude any outstanding options from the diluted share calculation. For the second quarter and six months ended October 28, 2023, we excluded options to purchase 0.5 million and 0.7 million shares, respectively, from the diluted share calculation.