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Note 4 - Diluted Net Income Per Share
 9 Months Ended
Feb. 26, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
4.
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
    
Nine Months Ended
  
   
February 26,
2017
    
February 28,
2016
    
February 26,
2017
    
February 28,
2016
  
Numerator:
                                
Net income
(loss) applicable to Common Stockholders
   $
3,500
     $
(21,190
)
   $
8,138
     $
(16,370
)
                                 
Denominator:
                                
Weighted average shares for basic net income per share
    
27,286
      
27,054
      
27,252
      
27,026
  
Effect of dilutive securities:
                                
Stock options and restricted stock units
    
396
      
—
      
356
      
—
  
Weighted average shares for diluted net income per share
    
27,682
      
27,054
      
27,608
      
27,026
  
                                 
Diluted net income
(loss) per share
  $
0.13
     $
(0.78
)
   $
0.29
     $
(0.61
)
 
For the
three
and
nine
months ended
February
26,
2017
the computation of the diluted net income per share excludes the impact of options to purchase
1.2
million and
1.4
million shares, respectively, of Common Stock as such impacts would be antidilutive for these periods.
 
Due to the Company
’s net loss for the
three
and
nine
months ended
February
28,
2016,
the net loss per share includes only weighted average shares outstanding and thus excludes
1.6
million and
1.5
million, respectively, of outstanding options and RSUs as such impacts would be antidilutive for these periods.