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Net Income Per Share
 6 Months Ended
Oct. 28, 2012
Net Income Per Share
11.  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 follows:
 
       
   
Three months ended
  
(amounts in thousands)
  
October 28, 2012
    
October 30, 2011
  
Weighted average common shares outstanding, basic
     12,191       12,733  
Dilutive effect of stock-based compensation
     157       138  
Weighted average common shares outstanding, diluted
     12,348       12,871  
 
Options to purchase 2,000 and 142,750 shares of common stock were not included in the computation of diluted net income per share for the three months ended October 28, 2012 and October 30, 2011, respectively as the exercise price of the options was greater than the average market price of the common shares.

The computations of basic net income per share did not include 123,335 and 185,000 shares of time vested restricted common stock as these shares were unvested for the three months ending October 28, 2012 and October 30, 2011, respectively.
 
       
   
Six months ended
  
(amounts in thousands)
  
October 28, 2012
    
October 30, 2011
  
Weighted average common shares outstanding, basic
     12,371       12,898  
Dilutive effect of stock-based compensation
     170       127  
Weighted average common shares outstanding, diluted
     12,541       13,025  
 
Options to purchase 2,000 and 24,750 shares of common stock were not included in the computation of diluted net income per share for the six months ended October 28, 2012 and October 30, 2011, respectively as the exercise price of the options was greater than the average market price of the common shares.

The computations of basic net income per share did not include 123,335 and 185,000 shares of time vested restricted common stock as these shares were unvested for the six months ending October 28, 2012 and October 30, 2011, respectively.