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Income Per Share
12 Months Ended
Apr. 27, 2019
Earnings Per Share [Abstract]  
Income Per Share
Income Per Share
 
Basic income per share is calculated by dividing net earnings by the weighted average number of common shares outstanding for the applicable period.  Diluted income per share is calculated after adjusting the denominator of the basic income per share calculation for the effect of all potential dilutive common shares outstanding during the period.
 
The following table sets forth the computation of basic and diluted income per share: 
 
 
Fiscal Year Ended
 
 
April 27,
2019
 
April 28,
2018
 
April 29,
2017
Numerator:
 
 
 
 
 
 
Net Income (in millions)
 
$
91.6

 
$
57.2

 
$
92.9

 
 
 
 
 
 
 
Denominator:
 
 

 
 
 
 

Denominator for Basic Earnings Per Share-Weighted Average Shares Outstanding and Vested/Unissued Restricted Stock Units
 
37,405,298

 
37,281,630

 
37,283,096

Dilutive Potential Common Shares-Employee Stock Options, Restricted Stock Awards and Restricted Stock Units
 
264,262

 
260,269

 
202,605

Denominator for Diluted Earnings Per Share
 
37,669,560

 
37,541,899

 
37,485,701

 
 
 
 
 
 
 
Basic and Diluted Income Per Share:
 
 

 
 
 
 

Basic Income Per Share
 
$
2.45

 
$
1.54

 
$
2.49

Diluted Income Per Share
 
$
2.43

 
$
1.52

 
$
2.48


 
For fiscal 2019, options and RSUs of 83,939 were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive. For fiscal 2018 and fiscal 2017, the Company had no options or RSUs that were excluded from the computation of diluted net income per shares. RSAs for 594,382 shares in fiscal 2019, 363,413 shares in fiscal 2018 and 779,000 shares in fiscal 2017 were excluded from the calculation of diluted net income per share as these awards contain performance conditions that would not have been achieved as of the end of each reporting period had the measurement period ended as of that date.