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Note 3 - Earnings Per Share ("EPS")
6 Months Ended
Oct. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 3. Earnings Per Share ("EPS")

 

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 30, 2021 and October 31, 2020:

 

  

Net income

  

Shares

  

Per share income

 

For the three months ended October 30, 2021

            

Basic earnings per share

 $2,374   45,350  $0.05 

Dilution associated with stock compensation plans

     149    

Diluted earnings per share

 $2,374   45,499  $0.05 

For the three months ended October 31, 2020

            

Basic earnings per share

 $3,416   44,893  $0.08 

Dilution associated with stock compensation plans

     84    

Diluted earnings per share

 $3,416   44,977  $0.08 

For the six months ended October 30, 2021

            

Basic earnings per share

 $6,059   45,271  $0.13 

Dilution associated with stock compensation plans

     219    

Diluted earnings per share

 $6,059   45,490  $0.13 

For the six months ended October 31, 2020

            

Basic earnings per share

 $10,883   44,808  $0.24 

Dilution associated with stock compensation plans

     139    

Diluted earnings per share

 $10,883   44,947  $0.24 

 

Options outstanding to purchase 1,943 shares of common stock with a weighted average exercise price of $9.22 for the three months ended October 30, 2021 and 2,348 shares of common stock with a weighted average exercise price of $9.28 for the three months ended October 31, 2020 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.

 

Options outstanding to purchase 1,877 shares of common stock with a weighted average exercise price of $9.37 for the six months ended October 30, 2021 and 2,233 shares of common stock with a weighted average exercise price of $9.61 for the six months ended October 31, 2020 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.