XML 52 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Diluted Net Income Per Share
 6 Months Ended
Nov. 25, 2012
Earnings Per Share [Text Block]
7.           Diluted Net Income Per Share

The following table sets forth the computation of diluted net income per share (in thousands, except per share amounts):

   
Three Months
Ended
November 25,
2012
   
Three Months
Ended
November 27,
2011
   
Six Months
Ended
November 25,
2012
   
Six Months
Ended
November 27,
2011
 
Numerator:
                       
Net income applicable to Common Stockholders
  $ 8,913     $ 3,340     $ 13,279     $ 5,152  
                                 
Denominator:
                               
Weighted average shares for basic net income per share
     25,747        25,885        25,709        26,147  
Effect of dilutive securities:
                               
Stock options and restricted stock units
     792        250        678        252  
Weighted average shares for diluted net income per share
     26,539        26,135        26,387        26,399  
                                 
Diluted net income per share
  $ 0.34     $ 0.13     $ 0.50     $ 0.20  

For the three months ended November 25, 2012 and November 27, 2011, the computation of the diluted net income per share excludes the impact of options to purchase 85,857 shares and 2.1 million shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.

For the six months ended November 25, 2012 and November 27, 2011, the computation of the diluted net income per share excludes the impact of options to purchase 84,429 shares and 2.1 million shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.