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Earnings Per Share EPS
 3 Months Ended
Jul. 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 months ended July 30, 2016 and August 1, 2015: 
 
Net income
 
Shares
 
Per share income
For the three months ended July 30, 2016
 
 
 
 
 
Basic earnings per share
$
5,539

 
44,079

 
$
0.13

    Dilution associated with stock compensation plans
—

 
62

 
—

Diluted earnings per share
$
5,539

 
44,141

 
$
0.13

For the three months ended August 1, 2015
 
 
 
 
 
Basic earnings per share
$
3,776

 
43,797

 
$
0.09

    Dilution associated with stock compensation plans
—

 
276

 
—

Diluted earnings per share
$
3,776

 
44,073

 
$
0.09


 
Options outstanding to purchase 2,603 shares of common stock with a weighted average exercise price of $13.50 for the three months ended July 30, 2016 and 1,437 shares of common stock with a weighted average exercise price of $18.33 for the three months ended August 1, 2015 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.