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Income Per Share | 12 Months Ended
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May 02, 2020
Earnings Per Share [Abstract] |
Income Per Share | Note 14. Income Per Share Basic income per share is calculated by dividing net income by the number of weighted average common shares outstanding for the applicable period. The weighted average number of common shares used in the diluted income per share calculation is determined using the treasury stock method which includes 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 |
|  | May 2, 2020 |  |  | April 27, 2019 |  |  | April 28, 2018 |
|  | (53 Weeks) |  |  | (52 Weeks) |  |  | (52 Weeks) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net Income (in millions) |  | $ | 123.4 |  |  | $ | 91.6 |  |  | $ | 57.2 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for Basic Income Per Share-Weighted Average Shares Outstanding and Vested/Unissued Restricted Stock Units |  |  | 37,574,671 |  |  |  | 37,405,298 |  |  |  | 37,281,630 |
Dilutive Potential Common Shares-Employee Stock Options, Restricted Stock Awards and Restricted Stock Units |  |  | 269,799 |  |  |  | 264,262 |  |  |  | 260,269 |
Denominator for Diluted Income Per Share |  |  | 37,844,470 |  |  |  | 37,669,560 |  |  |  | 37,541,899 |
Basic and Diluted Income Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic Income Per Share |  | $ | 3.28 |  |  | $ | 2.45 |  |  | $ | 1.54 |
Diluted Income Per Share |  | $ | 3.26 |  |  | $ | 2.43 |  |  | $ | 1.52 |
Number of Anti-dilutive Potentially Issuable Shares Excluded from Diluted Common Shares Outstanding |  |  | 566,620 |  |  |  | 678,321 |  |  |  | 363,413 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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