XML 28 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
NET INCOME (LOSS) PER SHARE
9 Months Ended
Jan. 26, 2019
Earnings Per Share [Abstract]  
NET INCOME (LOSS) 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 26,
2019
 
January 27,
2018
 
January 26,
2019
 
January 27,
2018
Numerator - Net Income (Loss)
 
$
30.7

 
$
(24.3
)
 
$
69.0

 
$
20.4

Denominator:
 
 
 
 
 
 
 
 
Denominator for Basic Net Income (Loss) per Share-Weighted Average Shares Outstanding and Vested/Unissued Restricted Stock Awards
 
37,405,550

 
37,292,934

 
37,387,181

 
37,275,041

Dilutive Potential Common Shares-Employee Stock Options, Restricted Stock Awards and Restricted Stock Units
 
248,700

 

 
250,289

 
385,979

Denominator for Diluted Net Income (Loss) per Share
 
37,654,250

 
37,292,934

 
37,637,470

 
37,661,020

 
 
 
 
 
 
 
 
 
Net Income (Loss) per Share:
 
 

 
 

 
 
 
 
Basic
 
$
0.82

 
$
(0.65
)
 
$
1.84

 
$
0.54

Diluted
 
$
0.82

 
$
(0.65
)
 
$
1.83

 
$
0.54


For both the three and nine months ended January 26, 2019, 101,668 options have been excluded in the computation of diluted net income per share because the average market price was lower than the exercise price for the period. RSAs for 665,085 and 570,818 shares have been excluded in the computation of diluted net income per share for the three and nine months ended January 26, 2019, respectively, as these awards are contingent on the Company's full-year performance in fiscal 2020.
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 the period. 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.