Note 3. 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 net income and common share amounts used in the calculation of basic and diluted EPS for the three months ended July 28, 2018 and July 29, 2017:



	Net income		Shares	Per share income
For the three months ended July 28, 2018
Basic earnings per share	$	4,574	44,638	$	0.10
Dilution associated with stock compensation plans	—		193	—
Diluted earnings per share	$	4,574	44,831	$	0.10
For the three months ended July 29, 2017
Basic earnings per share	$	8,429	44,244	$	0.19
Dilution associated with stock compensation plans	—		217	—
Diluted earnings per share	$	8,429	44,461	$	0.19

Options outstanding to purchase 1,798 shares of common stock with a weighted average exercise price of $10.46 for the three months ended July 28, 2018 and 1,580 shares of common stock with a weighted average exercise price of $12.48 for the three months ended July 29, 2017 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.