Net Income Per Share

9 Months Ended

Jan. 29, 2017

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 29, 2017		January 31, 2016
Weighted average common shares outstanding, basic		12,313		12,331
Dilutive effect of stock-based compensation		231		155
Weighted average common shares outstanding, diluted		12,544		12,486

All options to purchase shares of common stock were included in the computation of diluted net income for the three months ended January 29, 2017 and January 31, 2016, 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 29, 2017		January 31, 2016
Weighted average common shares outstanding, basic		12,302		12,317
Dilutive effect of stock-based compensation		215		171
Weighted average common shares outstanding, diluted		12,517		12,488

All options to purchase shares of common stock were included in the computation of diluted net income for the nine months ended January 29, 2017 and January 31, 2016, as the exercise price of the options was less than the average market price of the common shares.