Income per Share

6 Months Ended

Oct. 26, 2019

Basic income per share is calculated by dividing net income 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 potentially dilutive common shares outstanding during the period.

The following table sets forth the computation of basic and diluted income per share:



	Three Months Ended				Six Months Ended
	October 26, 2019		October 27, 2018		October 26, 2019		October 27, 2018
Numerator:
Net Income (in millions)	$	23.8	$	14.6	$	52.1	$	38.3
Denominator:
Denominator for Basic Income per Share-Weighted Average Shares Outstanding and Vested/Unissued Restricted Stock Units	37,587,742		37,405,550		37,561,098		37,377,997
Dilutive Potential Common Shares-Employee Stock Options, Restricted Stock Awards and Restricted Stock Units	151,446		268,172		142,025		270,051
Denominator for Diluted Income per Share	37,739,188		37,673,722		37,703,123		37,648,048

Basic and Diluted Income per Share:
Basic Income per Share	$	0.63	$	0.39	$	1.39	$	1.02
Diluted Income per Share	$	0.63	$	0.39	$	1.38	$	1.02

In the three months ended October 26, 2019, options and RSUs of 101,668 were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive. In the six months ended October 26, 2019, options and RSUs of 105,543 were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive. All RSAs have been excluded in the computation of diluted net income per share in the three and six months ended October 26, 2019 as these awards contain performance conditions that would not have been achieved for the periods presented.

In the three months ended October 27, 2018, options and RSUs of 116,918 were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive. In the six months ended October 27, 2018, the Company had no options or RSUs that were excluded from the computation of diluted net income per shares. All RSAs have been excluded in the computation of diluted net income per share in the three and six months ended October 27, 2018, as these awards contain performance conditions that would not have been achieved for the periods presented.