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Note 7 - Diluted Net Income Per Share
 6 Months Ended
Nov. 24, 2013
Earnings Per Share [Abstract]  
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 24,

2013

   

Three Months

Ended

November 25,

2012

   

Six Months

Ended

November 24,

2013

   

Six Months

Ended

November 25,

 2012

 

Numerator:

                               

Net income applicable to Common Stockholders

  $ 3,451     $ 8,913     $ 8,203     $ 13,279  
                                 

Denominator:

                               

Weighted average shares for basic net income per share

    26,571       25,747       26,512       25,709  

Effect of dilutive securities:

                               

Stock options and restricted stock units

    499       792       569       678  

Weighted average shares for diluted net income per share

    27,070       26,539       27,081       26,387  
                                 

Diluted net income per share

  $ 0.13     $ 0.34     $ 0.30     $ 0.50  

For the three months ended November 24, 2013 and November 25, 2012, the computation of the diluted net income per share excludes the impact of options to purchase 342,500 shares and 85,857 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.


For the six months ended November 24, 2013 and November 25, 2012, the computation of the diluted net income per share excludes the impact of options to purchase 273,882 shares and 84,429 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.