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NET INCOME PER SHARE
 12 Months Ended
May 01, 2016
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
14. 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)
  
2016
    
2015
    
2014
  
weighted-average common shares outstanding, basic
    
12,302
      
12,217
      
12,177
  
dilutive effect of stock-based compensation
    
173
      
205
      
237
  
weighted-average common shares outstanding, diluted
    
12,475
      
12,422
      
12,414
  
 
All options to purchase shares of common stock were included in the computation of diluted net income for fiscal years 2016, 2015 and 2014, as the exercise price of the options was less than the average market price of common shares.
 
At May 1, 2016 and May 3, 2015, there were no outstanding and unvested shares of time vested restricted common stock and therefore, the computation of basic net income per share was not affected. The computation of basic net income did not include 61,668 shares of time vested restricted common stock as these shares were unvested for fiscal 2014.