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Earnings Per Share EPS
 9 Months Ended
Jan. 26, 2013
Earnings Per Share [Abstract]  
Earnings Per Share EPS
Earnings Per Share (“EPS”)

Basic EPS is computed by dividing income 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 nine months ended January 26, 2013 and January 28, 2012: 
 
Net income
 
Shares
 
Per share income
For the three months ended January 26, 2013:
 
 
 
 
 
Basic earnings per share
$
2,710

 
42,343

 
$
0.06

Dilution associated with stock compensation plans
—

 
196

 
—

Diluted earnings per share
$
2,710

 
42,539

 
$
0.06

For the three months ended January 28, 2012:
 
 
 
 
 
Basic earnings per share
$
1,666

 
41,916

 
$
0.04

Dilution associated with stock compensation plans
—

 
160

 
—

Diluted earnings per share
$
1,666

 
42,076

 
$
0.04

For the nine months ended January 26, 2013:
 
 
 
 
 
Basic earnings per share
$
20,935

 
42,206

 
$
0.50

Dilution associated with stock compensation plans
—

 
241

 
(0.01
)
Diluted earnings per share
$
20,935

 
42,447

 
$
0.49

For the nine months ended January 28, 2012:
 
 
 
 
 
Basic earnings per share
$
8,994

 
41,811

 
$
0.22

Dilution associated with stock compensation plans
—

 
364

 
(0.01
)
Diluted earnings per share
$
8,994

 
42,175

 
$
0.21


 
Options outstanding to purchase 2,467 shares of common stock with a weighted average exercise price of $15.65 for the three months ended January 26, 2013 and 1,621 shares of common stock with a weighted average exercise price of $19.18 for the three months ended January 28, 2012 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 3,268 shares of common stock with a weighted average exercise price of $13.92 for the nine months ended January 26, 2013 and 1,621 shares of common stock with a weighted average exercise price of $19.18 for the nine months ended January 28, 2012 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.