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Earnings Per Share EPS | 6 Months Ended
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Nov. 02, 2019
Earnings Per Share [Abstract] |
Earnings Per Share EPS | Note 3. Earnings Per Share ("EPS") We follow the provisions of ASC 260, Earnings Per Share, where 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 November 2, 2019 and October 27, 2018:
| Net income |  | Shares |  | Per share income
For the three months ended November 2, 2019 |  |  |  |  |
Basic earnings per share | $ | 7,274 |  |  | 45,115 |  |  | $ | 0.16 |
Dilution associated with stock compensation plans | — |  |  | 152 |  |  | — |
Diluted earnings per share | $ | 7,274 |  |  | 45,267 |  |  | $ | 0.16 |
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 six months ended November 2, 2019 |  |  |  |  |
Basic earnings per share | $ | 14,304 |  |  | 45,114 |  |  | $ | 0.32 |
Dilution associated with stock compensation plans | — |  |  | 247 |  |  | — |
Diluted earnings per share | $ | 14,304 |  |  | 45,361 |  |  | $ | 0.32 |
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 |
Options outstanding to purchase 2,282 shares of common stock with a weighted average exercise price of $9.90 for the three months ended November 2, 2019 and 2,377 shares of common stock with a weighted average exercise price of $9.94 for the three months ended October 27, 2018 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive. Options outstanding to purchase 2,238 shares of common stock with a weighted average exercise price of $9.97 for the six months ended November 2, 2019 and 2,129 shares of common stock with a weighted average exercise price of $10.15 for the six months ended October 27, 2018 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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