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Earnings Per Share EPS
 6 Months Ended
Oct. 29, 2011
Earnings Per Share EPS [Abstract]  
Earnings Per Share EPS
Note 3. Earnings Per Share ("EPS")

Basic EPS is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that would occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in our earnings.

The following is a reconciliation of the income and common share amounts used in the calculation of basic and diluted EPS for the three and six months ended October 29, 2011 and October 30, 2010:


   
Net income
  
Shares
  
Per share income
 
For the three months ended October 29, 2011:
         
Basic earnings per share
 $3,959   41,792  $0.09 
Dilution associated with stock compensation plans
  -   142   - 
Diluted earnings per share
 $3,959   41,934  $0.09 
              
For the three months ended October 30, 2010:
            
Basic earnings per share
 $7,007   41,387  $0.17 
Dilution associated with stock compensation plans
  -   260   - 
Diluted earnings per share
 $7,007   41,647  $0.17 
              
For the six months ended October 29, 2011:
            
Basic earnings per share
 $7,327   41,759  $0.18 
Dilution associated with stock compensation plans
  -   179   (0.01)
Diluted earnings per share
 $7,327   41,938  $0.17 
              
For the six months ended October 30, 2010:
            
Basic earnings per share
 $9,450   41,440  $0.23 
Dilution associated with stock compensation plans
  -   348   - 
Diluted earnings per share
 $9,450   41,788  $0.23 

 
Options outstanding to purchase 1,660 shares of common stock with a weighted average exercise price of $18.97 for the three months ended October 29, 2011 and 1,479 shares of common stock with a weighted average exercise price of $19.70 for the three months ended October 30, 2010 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 1,625 shares of common stock with a weighted average exercise price of $19.18 for the six months ended October 29, 2011 and 1,529 shares of common stock with a weighted average exercise price of $19.18 for the six months ended October 30, 2010 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive