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Net Income Per Share

6 Months Ended

Nov. 03, 2019

15. 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)	November 3, 2019		October 28, 2018
Weighted average common shares outstanding, basic		12,408		12,515
Dilutive effect of stock-based compensation		—		36

Weighted average common shares outstanding, diluted		12,408		12,551

During the three-months ended November 3, 2019, 6,938 shares of unvested common stock were not included in the computation of diluted earnings per share as their effect would be antidilutive. During the three-months ended October 28, 2018, all unvested shares of common stock were included in the computation of diluted earnings per share.


	Six months ended
(amounts in thousands)	November 3, 2019		October 28, 2018
Weighted average common shares outstanding, basic		12,403		12,512
Dilutive effect of stock-based compensation		10		100

Weighted average common shares outstanding, diluted		12,413		12,612

During the

six-months

ended November 3, 2019, 1,407 shares of unvested common stock were not included in the computation of diluted earnings per share as their effect would be antidilutive. During the

six-

months ended October 28, 2018, all unvested shares of common stock were included in the computation of diluted earnings per share.