Earnings per Share

6 Months Ended

Oct. 25, 2025

Note 14: Earnings per Share

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)	10/25/2025		10/26/2024		10/25/2025		10/26/2024
Numerator (basic and diluted):


Net income available to common Shareholders	$	28,858	$	30,037	$	47,062	$	56,196

Denominator:
Basic weighted average common shares outstanding	41,227		41,708		41,127		41,880
Contingent common shares	60		270		76		261
Stock option dilution	100		176		122		175
Diluted weighted average common shares outstanding	41,387		42,154		41,325		42,316

Earnings per Share:
Basic	$	0.70	$	0.72	$	1.14	$	1.34
Diluted (1)	$	0.70	$	0.71	$	1.14	$	1.33

(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 25, 2025, we excluded options to purchase 0.2 million shares from the diluted share calculation. For the

second quarter and six months ended October 26, 2024 we did not exclude any outstanding options from the diluted share calculation