XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Earnings Per Share ("EPS") | 3 Months Ended
--- | ---
Jul. 27, 2024
Earnings Per Share [Abstract] |
Earnings Per Share ("EPS") | Earnings Per Share ("EPS") We follow the provisions of Accounting Standards Codification ("ASC 260"), Earnings Per Share, where basic earnings per share ("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 shares of common stock or resulted in the issuance of shares of common stock which share in our earnings. The following is a reconciliation of the net (loss) income and common share amounts used in the calculation of basic and diluted EPS for the three months ended July 27, 2024 and July 29, 2023:
| Three Months Ended |  |
| July 27, 2024 |  | July 29, 2023 |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |
Net (loss) income | $ | (4,946) |  |  | $ | 19,196 |  |  |  |  |
Weighted average shares outstanding | 46,311 |  |  | 45,645 |  |  |  |  |
Basic earnings (loss) per share | $ | (0.11) |  |  | $ | 0.42 |  |  |  |  |
Earnings per share - diluted |  |  |  |  |  |  |
Net (loss) income | $ | (4,946) |  |  | $ | 19,196 |  |  |  |  |
Diluted net (loss) income | $ | (4,946) |  |  | $ | 19,196 |  |  |  |  |
Weighted average common shares outstanding | 46,311 |  |  | 45,645 |  |  |  |  |
Dilution associated with stock compensation plans | — |  |  | 553 |  |  |  |  |
Dilution associated with convertible note | — |  |  | — |  |  |  |  |
Weighted average common shares outstanding, assuming dilution | 46,311 |  |  | 46,198 |  |  |  |  |
Diluted earnings (loss) per share | $ | (0.11) |  |  | $ | 0.42 |  |  |  |  |
Options outstanding to purchase 161 and 1,326 shares of common stock with a weighted average exercise price of $12.52 and $8.97 for the three months ended July 27, 2024 and July 29, 2023, respectively, were not included in the computation of diluted earnings per share because the effects would be anti-dilutive. During the three months ended July 27, 2024 and July 29, 2023, shares of common stock issuable upon conversion of the secured convertible note in the original principal payment of $25,000 due on May 11, 2027 (the "Convertible Note") were not included in the computation of diluted EPS, as the effect would be anti-dilutive. For the three months ended July 27, 2024 and July 29, 2023, 4,037 and 3,549, respectively, potential common shares related to the convertible note issued by the Company to Alta Fox Opportunities Fund, LP, were excluded from the calculation of diluted EPS.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration