Net Income Per Share

9 Months Ended

Jan. 31, 2016

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)	January 31, 2016		February 1, 2015
Weighted average common shares outstanding, basic		12,331		12,219
Dilutive effect of stock-based compensation		155		198
Weighted average common shares outstanding, diluted		12,486		12,417

All options to purchase shares of common stock were included in the computation of diluted net income for the three months ended January 31, 2016 and February 1, 2015, as the exercise price of the options was less than the average market price of the common shares.


	Nine months ended
(amounts in thousands)	January 31, 2016		February 1, 2015
Weighted average common shares outstanding, basic		12,317		12,216
Dilutive effect of stock-based compensation		171		194
Weighted average common shares outstanding, diluted		12,488		12,410

All options to purchase shares of common stock were included in the computation of diluted net income for the nine months ended January 31, 2016 and February 1, 2015, as the exercise price of the options was less than the average market price of the common shares.