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Net Income Per Share | 6 Months Ended
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Oct. 28, 2018
Earnings Per Share [Abstract] |
Net Income Per Share |
17. | 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) |  | October 28, 2018 |  |  | October 29, 2017 |
Weighted average common shares outstanding, basic |  |  | 12,515 |  |  |  | 12,440 |
Dilutive effect of stock-based compensation |  |  | 36 |  |  |  | 140 |
Weighted average common shares outstanding, diluted |  |  | 12,551 |  |  |  | 12,580 |
At October 28, 2018 and April 29, 2018, there were no options to purchase shares of our common stock outstanding. Therefore, options to purchase shares of our common stock were not included in the computation of diluted net income for the three-months ending October 28, 2018. All options to purchase shares of common stock were included in the computation of diluted net income for the three-months ending October 29, 2017, as the exercise price of the options was less than the average market price of the common shares.
|  | Six months ended |
(amounts in thousands) |  | October 28, 2018 |  |  | October 29, 2017 |
Weighted average common shares outstanding, basic |  |  | 12,512 |  |  |  | 12,420 |
Dilutive effect of stock-based compensation |  |  | 100 |  |  |  | 193 |
Weighted average common shares outstanding, diluted |  |  | 12,612 |  |  |  | 12,613 |
At October 28, 2018 and April 29, 2018, there were no options to purchase shares of our common stock outstanding. Therefore, options to purchase shares of our common stock were not included in the computation of diluted net income for the six-months ending October 28, 2018. All options to purchase shares of common stock were included in the computation of diluted net income for the six-months ending October 29, 2017, as the exercise price of the options was less than the average market price of the common shares.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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