Net Income Per Share

6 Months Ended

Nov. 01, 2015

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)	November 1, 2015		November 2, 2014
Weighted average common shares outstanding, basic		12,343		12,218
Dilutive effect of stock-based compensation		141		183
Weighted average common shares outstanding, diluted		12,484		12,401

All options to purchase shares of common stock were included in the computation of diluted net income for the three months ended November 1, 2015 and November 2, 2014, as the exercise price of the options was less than the average market price of the common shares.


	Six months ended
(amounts in thousands)	November 1, 2015		November 2, 2014
Weighted average common shares outstanding, basic		12,310		12,215
Dilutive effect of stock-based compensation		171		188
Weighted average common shares outstanding, diluted		12,481		12,403

All options to purchase shares of common stock were included in the computation of diluted net income for the six months ended November 1, 2015 and November 2, 2014, as the exercise price of the options was less than the average market price of the common shares.