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Earnings Per Share EPS
 9 Months Ended
Jan. 30, 2016
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 which may 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 which 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 30, 2016 and January 31, 2015: 
 
Net income (loss)
 
Shares
 
Per share income (loss)
For the three months ended January 30, 2016
 
 
 
 
 
Basic (loss) earnings per share
$
(1,953
)
 
44,021

 
$
(0.04
)
    Dilution associated with stock compensation plans
—

 
—

 
—

Diluted (loss) earnings per share
$
(1,953
)
 
44,021

 
$
(0.04
)
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 nine months ended January 30, 2016
 
 
 
 
 
Basic earnings per share
$
4,991

 
43,933

 
$
0.11

    Dilution associated with stock compensation plans
—

 
424

 
—

Diluted earnings per share
$
4,991

 
44,357

 
$
0.11

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


 
Options outstanding to purchase 2,166 shares of common stock with a weighted average exercise price of $14.63 for the three months ended January 30, 2016 and 1,457 shares of common stock with a weighted average exercise price of $18.39 for the three months ended January 31, 2015 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive and because of the loss recorded for the 2016 period.

Options outstanding to purchase 2,180 shares of common stock with a weighted average exercise price of $15.01 for the nine months ended January 30, 2016 and 1,479 shares of common stock with a weighted average exercise price of $18.38 for the nine months ended January 31, 2015 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.