Note 4 - Diluted Net Income Per Share

6 Months Ended

Nov. 29, 2015

4.	Diluted Net Income Per Share

The following table calculates diluted net income per share (in thousands, except per share amounts):

	Three Months Ended November 29, 2015		Three Months Ended November 30, 2014		Six Months Ended November 29, 2015		Six Months Ended November 30, 2014
Numerator:
Net income applicable to Common Stockholders	$	1,868	$	3,223	$	4,820	$	5,576

Denominator:
Weighted average shares for basic net income per share		27,021		26,864		27,013		26,852
Effect of dilutive securities:
Stock options and restricted stock units		399		450		404		441
Weighted average shares for diluted net income per share		27,420		27,314		27,417		27,293

Diluted net income per share	$	0.07	$	0.12	$	0.18	$	0.20

For the three months ended November 29, 2015 and November 30, 2014, the computation of the diluted net income per share excludes the impact of options to purchase 1.1 million shares and 321,500 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.

For the six months ended November 29, 2015 and November 30, 2014, the computation of the diluted net income per share excludes the impact of options to purchase 1.1 million shares and 329,056 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.