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Earnings Per Share EPS
 6 Months Ended
Oct. 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 if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock sharing 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 26, 2013 and October 27, 2012: 
 
Net income
 
Shares
 
Per share income
For the three months ended October 26, 2013:
 
 
 
 
 
Basic earnings per share
$
11,790

 
42,709

 
$
0.28

Dilution associated with stock compensation plans
—

 
293

 
(0.01
)
Diluted earnings per share
$
11,790

 
43,002

 
$
0.27

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 six months ended October 26, 2013:
 
 
 
 
 
Basic earnings per share
$
17,509

 
42,639

 
$
0.41

Dilution associated with stock compensation plans
—

 
384

 
—

Diluted earnings per share
$
17,509

 
43,023

 
$
0.41

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


 
Options outstanding to purchase 2,356 shares of common stock with a weighted average exercise price of $15.66 for the three months ended October 26, 2013 and 2,467 shares of common stock with a weighted average exercise price of $15.16 for the three months ended October 27, 2012 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 2,312 shares of common stock with a weighted average exercise price of $15.85 for the six months ended October 26, 2013 and 3,554 shares of common stock with a weighted average exercise price of $13.15 for the six months ended October 27, 2012 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.