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Income per Share
 6 Months Ended
Oct. 31, 2020
Earnings Per Share [Abstract]  
Income per Share

Note 9.  Income per Share

Basic income per share is calculated by dividing net income by the weighted average number of 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:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

October 31,

2020

 

 

October 26,

2019

 

 

October 31,

2020

 

 

October 26,

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (in millions)

 

$

38.6

 

 

$

23.8

 

 

$

59.3

 

 

$

52.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic Income per Share-Weighted Average Shares Outstanding and Vested/Unissued RSUs

 

 

38,106,793

 

 

 

37,587,742

 

 

 

37,971,668

 

 

 

37,561,098

 

Dilutive Potential Common Shares-Employee Stock Options, PSAs and RSUs

 

 

20,745

 

 

 

151,446

 

 

 

171,310

 

 

 

142,025

 

Denominator for Diluted Income per Share

 

 

38,127,538

 

 

 

37,739,188

 

 

 

38,142,978

 

 

 

37,703,123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Income per Share

 

$

1.01

 

 

$

0.63

 

 

$

1.56

 

 

$

1.39

 

Diluted Income per Share

 

$

1.01

 

 

$

0.63

 

 

$

1.56

 

 

$

1.38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Anti-dilutive Potentially Issuable Shares Excluded from Diluted Common Shares Outstanding

 

 

1,017,000

 

 

 

755,493

 

 

 

559,334

 

 

 

759,368