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NET INCOME PER SHARE
 12 Months Ended
Apr. 29, 2012
NET INCOME PER SHARE
16.
NET INCOME PER SHARE

Basic net income per share is computed using the weighted-average number of shares outstanding during the period.  Diluted net income per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method.  Weighted average shares used in the computation of basic and diluted net income per share are as follows:
 
 (in thousands)
  
2012
    
2011
    
2010
  
weighted-average common shares outstanding, basic
     12,711       12,959       12,709  
dilutive effect of stock-based compensation
     155       259       348  
weighted-average common shares outstanding, diluted
     12,866       13,218       13,057  
 
Options to purchase 24,750 shares of common stock were not included in the computation of diluted net loss per share for fiscal 2012 as the exercise price of the options were greater than the average market price of the common shares.
 
All options to purchase shares of common stock were included in the computation of diluted net income for fiscal 2011 and 2010, as the exercise price of the options was less than the average market price of common shares.