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Earnings Per Share EPS
 9 Months Ended
Jan. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share EPS
Note 2. 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 nine months ended January 31, 2015 and January 25, 2014: 
 
Net income
 
Shares
 
Per share income
For the three months ended January 31, 2015
 
 
 
 
 
Basic earnings per share
$
561

 
43,612

 
$
0.01

    Dilution associated with stock compensation plans
—

 
379

 
—

Diluted earnings per share
$
561

 
43,991

 
$
0.01

For the three months ended January 25, 2014
 
 
 
 
 
Basic earnings per share
$
2,871

 
43,039

 
$
0.07

    Dilution associated with stock compensation plans
—

 
574

 
—

Diluted earnings per share
$
2,871

 
43,613

 
$
0.07

For the nine months ended January 31, 2015
 
 
 
 
 
Basic earnings per share
$
17,043

 
43,435

 
$
0.39

    Dilution associated with stock compensation plans
—

 
769

 
—

Diluted earnings per share
$
17,043

 
44,204

 
$
0.39

For the nine months ended January 25, 2014
 
 
 
 
 
Basic earnings per share
$
20,380

 
42,772

 
$
0.48

    Dilution associated with stock compensation plans
—

 
625

 
(0.01
)
Diluted earnings per share
$
20,380

 
43,397

 
$
0.47


 
Options outstanding to purchase 1,457 shares of common stock with a weighted average exercise price of $18.39 for the three months ended January 31, 2015 and 1,048 shares of common stock with a weighted average exercise price of $21.05 for the three months ended January 25, 2014 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 1,479 shares of common stock with a weighted average exercise price of $18.38 for the nine months ended January 31, 2015 and 1,972 shares of common stock with a weighted average exercise price of $16.87 for the nine months ended January 25, 2014 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.