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NET INCOME PER SHARE
 9 Months Ended
Jan. 27, 2018
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the applicable period.  Diluted net income (loss) per share is calculated after adjusting the denominator of the basic net income (loss) per share calculation for the effect of all potentially dilutive stock compensation awards outstanding during the period.
The following table sets forth the computation of basic and diluted net income (loss) per share:
 
 
Three Months Ended
 
Nine Months Ended
 
 
January 27,
2018
 
January 28,
2017
 
January 27,
2018
 
January 28,
2017
Numerator - Net Income (Loss)
 
$
(24.3
)
 
$
23.7

 
$
20.4

 
$
69.7

Denominator:
 
 
 
 
 
 
 
 
Denominator for Basic Net Income (Loss) per Share-Weighted Average Shares Outstanding and Vested/Unissued Restricted Stock Awards
 
37,292,934

 
37,217,302

 
37,275,041

 
37,297,757

Dilutive Potential Common Shares-Employee Stock Options, Restricted Stock Awards and Restricted Stock Units
 
—

 
253,351

 
385,979

 
180,210

Denominator for Diluted Net Income (Loss) per Share
 
37,292,934

 
37,470,653

 
37,661,020

 
37,477,967

 
 
 
 
 
 
 
 
 
Net Income (Loss) per Share:
 
 

 
 

 
 
 
 
Basic
 
$
(0.65
)
 
$
0.64

 
$
0.54

 
$
1.87

Diluted
 
$
(0.65
)
 
$
0.63

 
$
0.54

 
$
1.86


For the three months ended January 27, 2018, potential dilutive shares have been excluded in the computation of diluted net loss per share, as the effect would have been anti-dilutive. For the nine months ended January 27, 2018, no options have been excluded in the computation of diluted net income per share because the average market price was greater than the exercise price for those periods. RSAs for 423,038 shares have been excluded in the computation of diluted net income per share for the nine months ended January 27, 2018, as these awards are contingent on the Company's full-year performance in fiscal 2020.
For the three and nine months ended January 28, 2017, options to purchase 115,836 shares have been excluded in the computation of diluted net income per share because the exercise price was greater than the average market price for those periods, and therefore, would have been anti-dilutive. RSAs for 822,000 shares have been excluded in the computation of diluted net income per share for the three and nine months ended January 28, 2017, as these awards are contingent on the Company's full-year performance in fiscal 2020.