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 and six months ended October 27, 2018 and October 28, 2017:



	Net income		Shares	Per share income
For the three months ended October 27, 2018
Basic earnings per share	$	8,606	44,780	$	0.19
Dilution associated with stock compensation plans	—		170	—
Diluted earnings per share	$	8,606	44,950	$	0.19
For the three months ended October 28, 2017
Basic earnings per share	$	7,132	44,412	$	0.16
Dilution associated with stock compensation plans	—		267	—
Diluted earnings per share	$	7,132	44,679	$	0.16
For the six months ended October 27, 2018
Basic earnings per share	$	13,180	44,717	$	0.29
Dilution associated with stock compensation plans	—		277	—
Diluted earnings per share	$	13,180	44,994	$	0.29
For the six months ended October 28, 2017
Basic earnings per share	$	15,561	44,345	$	0.35
Dilution associated with stock compensation plans	—		351	—
Diluted earnings per share	$	15,561	44,696	$	0.35

Options outstanding to purchase 2,377 shares of common stock with a weighted average exercise price of $9.94 for the three months ended October 27, 2018 and 1,303 shares of common stock with a weighted average exercise price of $13.08 for the three months ended October 28, 2017 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 2,129 shares of common stock with a weighted average exercise price of $10.15 for the six months ended October 27, 2018 and 1,312 shares of common stock with a weighted average exercise price of $13.08 for the six months ended October 28, 2017 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.