Net Income Per Share

3 Months Ended

Jul. 30, 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)	July 30, 2017		July 31, 2016
Weighted average common shares outstanding, basic		12,399		12,286
Dilutive effect of stock-based compensation		191		177
Weighted average common shares outstanding, diluted		12,590		12,463

All options to purchase shares of common stock were included in the computation of diluted net income for the three months ended July 30, 2017 and July 31, 2016, as the exercise price of the options was less than the average market price of the common shares.