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Earnings Per Share EPS
 3 Months Ended
Jul. 28, 2012
Earnings Per Share [Abstract]  
Earnings Per Share EPS
Earnings Per Share (“EPS”)

Basic EPS is computed by dividing income (loss) attributable 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 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 months ended July 28, 2012 and July 30, 2011: 
 
Net income
 
Shares
 
Per share income
For the three months ended July 28, 2012:
 
 
 
 
 
Basic earnings per share
$
6,678

 
42,068

 
$
0.16

Dilution associated with stock compensation plans
—

 
73

 
—

Diluted earnings per share
$
6,678

 
42,141

 
$
0.16

For the three months ended July 30, 2011:
 
 
 
 
 
Basic earnings per share
$
3,368

 
41,725

 
$
0.08

Dilution associated with stock compensation plans
—

 
216

 
—

Diluted earnings per share
$
3,368

 
41,941

 
$
0.08


 
Options outstanding to purchase 3,133 shares of common stock with a weighted average exercise price of $14.11 for the three months ended July 28, 2012 and 1,658 shares of common stock with a weighted average exercise price of $19.07 for the three months ended July 30, 2011 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.