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Earnings Per Share EPS
 6 Months Ended
Oct. 27, 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 and six months ended October 27, 2012 and October 29, 2011: 
 
Net income
 
Shares
 
Per share income
For the three months ended October 27, 2012:
 
 
 
 
 
Basic earnings per share
$
11,547

 
42,163

 
$
0.27

Dilution associated with stock compensation plans
—

 
153

 
—

Diluted earnings per share
$
11,547

 
42,316

 
$
0.27

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 six months ended October 27, 2012:
 
 
 
 
 
Basic earnings per share
$
18,225

 
42,138

 
$
0.43

Dilution associated with stock compensation plans
—

 
149

 
—

Diluted earnings per share
$
18,225

 
42,287

 
$
0.43

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


 
Options outstanding to purchase 2,467 shares of common stock with a weighted average exercise price of $15.16 for the three months ended October 27, 2012 and 1,660 shares of common stock with a weighted average exercise price of $18.97 for the three months ended October 29, 2011 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 3,554 shares of common stock with a weighted average exercise price of $13.15 for the six months ended October 27, 2012 and 1,625 shares of common stock with a weighted average exercise price of $19.18 for the six months ended October 29, 2011 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.